TIDMPEG

RNS Number : 6772V

Petards Group PLC

10 April 2019

10 April 2019

PETARDS GROUP PLC ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain systems.

The new contract, which is worth in excess of GBP1.5 million is for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER AVENTRA(TM) Electrical Multiple Unit (EMU) trains to be built by Bombardier. Activities will commence immediately with the first equipment deliveries starting in mid 2019 and it is expected that the deliveries will be completed in 2020.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain systems continue to be the system of choice for fitment to Bombardier's AVENTRA trains. This new order adds to our already significant installed base and strengthens our position as the leader of on train video and data solutions. Additionally it further bolsters the Group's present order book for delivery in 2019 through to 2020 and provides additional underpinning to existing market expectations."

Contacts:

 
 Petards Group plc                www.petards.com 
 Raschid Abdullah, Chairman       Mb: 07768 905 004 
 
 WH Ireland Limited, Nomad and    www.wh-ireland.co.uk 
  Joint Broker 
 Mike Coe / Chris Savidge         Tel: 0117 945 3470 
 
 Hybridan LLP, Joint Broker       www.hybridan.com 
 Claire Louise Noyce              Tel: 020 3764 2341 
                                   claire.noyce@hybridan.com 
 Square 1 Consulting, Financial   www.square1consulting.co.uk 
  PR 
 David Bick                       Mb: 07831 381 201 
                                   Tel: 020 7929 5599 
                                   david.bick@square1consulting.co.uk

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END

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April 10, 2019 02:05 ET (06:05 GMT)

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