Cohort PLC SEA wins GBP4.6m upgrade contract for overseas navy
20 August 2021 - 4:00PM
RNS Non-Regulatory
TIDMCHRT
Cohort PLC
20 August 2021
One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
20 August 2021
COHORT PLC
("Cohort" or "the Group")
Contract Win
SEA wins GBP4.6m upgrade contract for overseas navy
Cohort, the AIM-listed independent technology group, announces
that its subsidiary Systems Engineering & Assessment Limited
("SEA") has been awarded a contract to the value of GBP4.6 million,
by a Ministry of Defence in the Asia Pacific region to upgrade the
communications systems on two naval surface vessels. The contract
will commence in September 2021 and be completed by the end of
2025. This contract is for the first of four planned project
phases.
The contract was won in competition after SEA conducted an
equipment assessment in collaboration with its in-country partner
and electrical services experts in June 2021. SEA will work in
partnership with local subcontractors to install the new system,
conduct training and ensure knowledge transfer to local partners
and the in-country navy.
Andy Thomis, Cohort Chief Executive, said:
"This contract is a significant win for SEA, expanding its
presence in the Asia Pacific region and delivers improved
communications systems and lower through-life costs for the
customer. Together with other recent contract wins across the
Group, this contract further underpins our order book and enhances
the visibility of future revenues."
ENDS
For further information please contact:
Cohort plc 0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc (NOMAD and Broker) 020 7597 5970
Daniel Adams, Christopher Baird
MHP Communications 020 3128 8570
Reg Hoare, Pete Lambie cohort@mhpc.com
NOTES TO EDITORS
Cohort plc ( www.cohortplc.com ) is the parent company of six
innovative, agile and responsive businesses based in the UK,
Germany and Portugal, providing a wide range of services and
products for domestic and export customers in defence and related
markets.
Chess Technologies, through its operating businesses Chess
Dynamics and Vision4ce, offers surveillance, tracking and
fire-control systems to the defence and security markets. A
majority stake was acquired by Cohort plc in December 2018.
www.chess-dynamics.com & www.vision4ce.com
EID designs and manufactures advanced communications systems for
naval and military customers. Cohort acquired a
majority stake in June 2016. www.eid.pt
ELAC SONAR supplies advanced sonar systems and underwater
communications to global customers in the naval
marketplace. Acquired by Cohort in December 2020. www.elac-sonar.de
MASS is a specialist data technology company serving the defence
and security markets, focused on electronic warfare, digital
services and training support. Acquired by Cohort in August 2006.
www.mass.co.uk
MCL designs, sources and supports advanced electronic and
surveillance technology for UK end users including the MOD and
other government agencies. MCL has been part of the Group since
July 2014. www.marlboroughcomms.com
SEA delivers and supports technology-based products for the
defence and transport markets alongside specialist research and
training services. Acquired by Cohort in October 2007.
www.sea.co.uk
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has headquarters in Reading,
Berkshire and employs in total around 1,000 core staff there and at
its other operating company sites across the UK, Germany and
Portugal.
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