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One Waterside Drive
Arlington Business Park
Reading
Berks
RG7 4SW
9 January 2025
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COHORT PLC
("Cohort" or "the
Group")
CONTRACT
WIN
Cohort subsidiary ELAC Sonar
GmbH ("ELAC")
awarded €16.4
million contract amendment
Cohort, the independent technology
group, is pleased to announce that its German subsidiary ELAC has
been awarded a contract amendment with a value of €16.4
million following the activation of a contractual option. Under the
amended contract, ELAC will deliver the sonar system for an
additional unit of a new build submarine program for the Italian
Navy. The amendment brings the total value of the contract, which
was awarded in 2021, to over €100 million and covers the supply of
sonar systems for a total of four submarines.
Andy Thomis, Cohort Chief Executive,
said:
"This important order is another
significant win for ELAC and demonstrates its ability to meet the
demanding specifications of the Italian Navy. We believe that
ELAC's Sphere™ digital hydroacoustic technology provides the most
advanced and effective sonars available worldwide, enabling a
generational leap in underwater battlespace performance.
"Together with other recent contract
wins at ELAC and across the Group, this announcement further
demonstrates the visibility of our 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
Kellie Young, Marketing and Corporate
Communications
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 1,400
core staff there and at its other operating company sites across
the UK, Germany, and Portugal.
The group is split into two
divisions - Communications and Intelligence, and Sensors and
Effectors:
Communications and Intelligence
("C&I")
· 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
("S&E")
· 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
