PEG Petards Group Plc

 

TIDMPEG 
 
RNS Number : 3570V 
Petards Group PLC 
01 November 2010 
 
1 November 2010 
 
                          Petards Group plc ("Petards") 
 
Contract award 
 
 
Petards, the AIM quoted developer of advanced security and surveillance systems, 
announces that Petards Joyce-Loebl has been awarded a contract that forms part 
of an upgrade to the air defence capability of an East Asian country. 
 
The contract, worth in excess of GBP1m, has been awarded to Petards for the 
supply of new ruggedized equipment designed to interface with the customer's 
existing systems and will provide significant weight savings and improved 
performance over the obsolescent units currently in use.  Delivery of the 
equipment is expected to be in the second half of 2011. 
 
Commenting on the award, Petards Chief Executive Bill Conn said "We see this 
ability to provide innovative solutions to obsolescence issues as a key strength 
of Petards.  In times of reducing budgets it allows customers to minimise 
through equipment life costs while maintaining or enhancing the capabilities of 
their systems.  It is also particularly gratifying to see that we have the 
quality of products and credibility necessary to compete and win business from 
new export customers in this sector." 
 
 
For further information: 
 
+------------------------------+------------------------------+ 
| Petards Group plc            | www.petards.com              | 
+------------------------------+------------------------------+ 
| Bill Conn, Chief Executive   | Tel: 0191 420 3000           | 
| Andy Wonnacott, Finance      |                              | 
| Director                     |                              | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| WH Ireland Limited           | www.wh-ireland.co.uk         | 
+------------------------------+------------------------------+ 
| Mike Coe / Marc Davies       | +44 (0) 117 945 3470         | 
+------------------------------+------------------------------+ 
|                              |                              | 
+------------------------------+------------------------------+ 
| Walbrook PR Limited          | Tel: 020 7933 8787           | 
+------------------------------+------------------------------+ 
| Paul McManus                 | Mob: 07980 541 893           | 
+------------------------------+------------------------------+ 
|                              | paul.mcmanus@walbrookpr.com  | 
+------------------------------+------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CNTEAEFFEANEFFF 
 

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