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RNS Number : 0661O

Petards Group PLC

27 May 2020

27 May 2020

PETARDS GROUP PLC

("Petards" or the "Group")

Services Support Agreement

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that its subsidiary RTS Solutions has now been awarded a multi-year contract for the provision of software support services to one of its major rail infrastructure customers referred to in its announcement of 24 April 2020.

The contract, which runs until 2024, fulfils RTS's budgeted order book for the current year while providing strong additional cover for it in the years over the life of the contract.

Commenting, Petards Chairman Raschid Abdullah said ;

"We are delighted to receive this contract for software support services within the rail infrastructure and the visibility it provides for RTS's order book for the current year and beyond."

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Contacts:

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

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END

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May 27, 2020 04:54 ET (08:54 GMT)

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