SRJ Technologies (ASX:SRJ) Secures First Significant BoltEx Order in the Middle East

Aditi Sarkar

29 October 2026 05:50 PM AEDT

SRJ Technologies (ASX:SRJ) Secures First Significant BoltEx Order in the Middle East

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

SRJ has received a purchase order worth about US$301,000 (A$430,000) for its BoltEx flange integrity technology.
The order supplies a major regional offshore energy operator in the Middle East.
This is SRJ's first significant BoltEx deployment in the Middle East.
100% of the contract value is payable before delivery to the end operator.

SRJ Technologies Group Plc (ASX:SRJ) has secured a significant purchase order for its proprietary BoltEx flange integrity technology in the Middle East. The order was placed by an established Middle Eastern procurement services company supplying a major regional offshore energy operator.

Details of the BoltEx Order

The purchase order is worth about US$301,000, or A$430,000. The counterparty is part of a diversified regional group and supplies a major offshore energy operator in the region. The identities of the counterparty, end operator and deployment location have been withheld for commercial confidentiality, which SRJ states is not material to investors.

Under the payment terms, 100% of the contract value is payable before delivery to the end operator. This comprises a 30% advance payment and 70% on custody transfer, evidenced by an Inspection Release Note. Payment does not depend on delivery, installation or commissioning.

Strategic Significance

The order represents SRJ's first significant BoltEx deployment in the Middle East, providing a regional technology reference. It follows the company's Middle East expansion strategy announced in May 2026 and the recent start of field operations under a multi-year agreement with Dubai Petroleum.

Chair George Gourlay described the order as "an important commercial reference for BoltEx in the Middle East."

About SRJ and Next Steps

SRJ provides integrated asset integrity maintenance, engineering and technology-enabled services to energy, industrial and maritime clients. Its group company ACE offers robotic and drone-based remote inspection services, and SRJ has offices in Abu Dhabi, the Aberdeen area, Jersey and Perth.

The company plans to use this regional reference to pursue further BoltEx opportunities across Middle Eastern offshore and onshore energy infrastructure. No specific dates or milestones were provided.

Key Takeaways

SRJ has secured its first significant BoltEx order in the Middle East.
The order is worth about US$301,000, with full payment due before delivery.
The deployment provides a regional reference for further sales.
The order builds on SRJ's Middle East expansion and Dubai Petroleum agreement.

FAQs

Q: What order did SRJ receive?

A: SRJ received a purchase order worth about US$301,000 for its BoltEx flange integrity technology.

Q: Who is the end customer?

A: The end customer is a major regional offshore energy operator in the Middle East, whose identity is confidential.

Q: What are the payment terms?

A: 30% is paid in advance and 70% on custody transfer, with full payment due before delivery to the end operator.

Q: Why is this order significant?

A: It is SRJ's first significant BoltEx deployment in the Middle East, creating a regional reference.

Q: What does SRJ do?

A: SRJ provides asset integrity maintenance, engineering and technology-enabled services to energy, industrial and maritime clients.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.