Petards Group PLC Contract Award

Fecha : 07/10/2019 @ 01:00
Fuente : UK Regulatory (RNS & others)
Emisora : Petards Group Plc (PEG)
Cotización : 15.5  0.0 (0.00%) @ 02:00
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Petards Group PLC Contract Award

Petards (LSE:PEG)
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RNS Number : 8894O

Petards Group PLC

07 October 2019

7 October 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 GBP1.3 million is for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER ELECTROSTAR(TM) Electrical Multiple Unit (EMU) trains as part of an upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway (GTR). The upgrade will further enhance the ELECTROSTAR'S video and data collection capability through the addition of the Petards eyeTrain Forward Facing CCTV, Track Debris/Third Rail Camera and Digital Video Recording (DVR) systems. Activities will commence immediately with the first equipment deliveries starting early 2020 and it is expected that the deliveries will be completed in 2021.

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 trains. This new order adds to our already significant installed base and reinforces our position as a leader of on train video and data solutions. Additionally it further bolsters the Group's present order book for delivery in 2020 through to 2021"

Contacts:

 
 Petards Group plc               www.petards.com 
 Raschid Abdullah, Chairman      Mb: 07768 905 004 
 
 
 WH Ireland Limited, Nomad and   www.whirelandcb.com 
  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 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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