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Stock impact report

Sypris Wins Award for the Gorgon Project in Western Australia [Yahoo! Finance]

Sypris Solutions, Inc. (SYPR) 
US:NASDAQ Investor Relations: sypris.com
Company Research Source: Yahoo! Finance
LOUISVILLE, Ky., March 04, 2024 BUSINESS WIRE )--Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (Nasdaq/GM: SYPR), announced today that it has recently received an award to supply specialty high-pressure closures for use in the Gorgon Project to support the optimization of the existing carbon capture and storage facilities. Shipments under this award are anticipated to be completed by year-end 2024. Terms of the order were not disclosed. The Gorgon Project is one of the world's largest natural gas projects. The project is located on Barrow Island, Australia and is comprised of three trains with a combined capacity of 15.6 million tonnes of gas per annum, and a domestic gas plant, according to news sources. This project is expected to be an important pillar of the Australian economy for decades to come. Unlocking this energy is expected to put Australia in a prime position to meet future demand and provide a clean-burning fuel, both at home and overseas. The pro Show less Read more
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