Cohort PLC Contract Win (4324O)
07 November 2016 - 6:00PM
UK Regulatory
TIDMCHRT
RNS Number : 4324O
Cohort PLC
07 November 2016
Cohort plc
("Cohort")
Contract Win
SEA secures contracts to supply traffic enforcement systems to
TfL
Cohort, the independent technology group, is pleased to announce
that its subsidiary SEA has been awarded contracts by Transport for
London (TfL) to further develop and provide ongoing support of its
Digital Traffic Enforcement System (DTES) and to develop and
support a Parking Enforcement Solution (PES) mobile
application.
The combined orders are valued at approximately GBP7m and
include 10 years' of support for both systems. SEA originally
developed the DTES system on behalf of TfL. DTES entered into
service in 2009 and SEA has provided support over the entire
period.
Andy Thomis, Chief Executive of Cohort, said:
"I am delighted that SEA continues to be involved in this
important TfL programme. The addition of the PES system to work
with DTES is an exciting development.
"This adds further visibility to our order book, which underpins
a significant proportion of revenues for Cohort's current financial
year."
Ends
This announcement includes inside information.
For further information please contact:
Cohort plc 0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc 020 7597 5970
Keith Anderson / Daniel Adams
MHP Communications Limited 020 3128 8100
Reg Hoare / Jamie Ricketts / Ollie
Hoare
NOTES TO EDITORS
Cohort plc
Cohort is an independent technology group working primarily for
defence (air, land and sea), wider government and industry clients,
through five market-facing subsidiary companies:
MASS - a specialist systems house with a focus on electronic
warfare operational support, cyber defence and secure information
systems. Based in Cambridgeshire, MASS was acquired by Cohort in
August 2006;
MCL - an expert in sourcing, design and integration of
surveillance and other electronic systems, as well as field support
and training for the UK MOD and other government agencies. Based in
Surrey, MCL has been part of the Group since July 2014;
SCS - a defence technical advisory business, providing a range
of services, including independent technical evaluation of military
aircraft safety, and design and delivery of large and small scale
military training exercises. Owned by Cohort since flotation in
March 2006;
SEA - an advanced systems and software business operating in the
defence (naval systems, simulation, training and technology
research), transport and offshore energy market sectors. Acquired
by Cohort in October 2007.
EID - a Portugal based supplier of advanced electronics,
communications and command and control products and systems for the
global defence market, in which Cohort acquired a majority stake in
June 2016.
Cohort was admitted to London's Alternative Investment Market in
March 2006. It has its headquarters in Berkshire and employs in
total around 800 core staff there and at its other operating
company sites in Bristol, Cambridgeshire, Devon, Lincolnshire,
Somerset, Surrey, Scotland and Portugal.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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