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One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
30 July 2024
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COHORT PLC
("Cohort", "the Company" or
"the Group")
CONTRACT
WIN
Chess Dynamics awarded three
contracts from Rheinmetall Air Defence, totalling more than £25
million
Cohort, the AIM-listed independent
technology group, is pleased to announce that its wholly owned
subsidiary Chess Dynamics (Chess) has been awarded three contracts
for Air Defence systems produced by Rheinmetall Air Defence AG,
totalling more than £25 million. Under the contracts, Chess will
provide electro-optical tracking surveillance systems and
multi-sensor units. Work will commence immediately, and deliveries
will continue out to 2028.
Cohort is targeting further
opportunities in this area.
Andy Thomis, Cohort Chief Executive,
said:
"This order once again demonstrates
Chess' position as a trusted supplier of robust surveillance and
tracking systems. We are pleased to have established this
important partnership with Rheinmetall Air Defence, one of the
world's leading suppliers of Ground Based Air Defence systems, and
we look forward to a long and successful relationship."
"This order further underpins our
order book and enhances the visibility of future
revenues."
ENDS
For
further information please contact:
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Cohort plc
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0118
909 0390
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Andrew Thomis, Chief
Executive
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Simon Walther, Finance
Director
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Emily McBride, Group Head of
Marketing and Corporate Communications
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Raquel McGrath, Company
Secretary
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Investec Bank Plc (NOMAD and Broker)
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020
7597 5970
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Carlton Nelson, Christopher
Baird
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MHP
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07817 458804
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Reg Hoare, Ollie Hoare, Hugo
Harris
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cohort@mhpgroup.com
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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.
Cohort (AIM: CHRT) was admitted
to London's Alternative Investment Market in March 2006.
It has headquarters in Reading, Berkshire and
employs in total over 1,300 core staff there and at its other
operating company sites across the UK, Germany,
and Portugal.
The group is split into two segments
- Communications and
Intelligence, and Sensors and Effectors:
Communications and Intelligence
· EID
designs and manufactures advanced communications systems for naval
and military customers. Cohort acquired a majority stake in June
2016. www.eid.pt
· 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
Sensors and Effectors
· Chess
Dynamics offers surveillance, tracking and fire-control systems to
the defence and security markets. Chess has been part of the Group
since December 2018. www.chess-dynamics.com
· 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
· 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