PEG Petards Group Plc

TIDMPEG

RNS Number : 4697A

Petards Group PLC

22 December 2014

22 December 2014

PETARDS GROUP PLC ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain on-board digital CCTV systems for Bombardier Electrostar Electrical Multiple Unit (EMU) trains.

Petards eyeTrain saloon and Driver Only Operation (DOO) CCTV systems will be fitted to new four-car Bombardier Electrostar trains that Bombardier are building for Govia Thameslink Railway for operation on the Gatwick Express route. The contract has a total value in the region of GBP1.5 million and is for additional sets of equipment of the type presently being supplied on an order awarded to Petards in October 2013. It will be supplied as an extension to that order and deliveries are expected to commence in the first half of 2015 and be completed during that year.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"We are pleased that Bombardier has again selected Petards technology to incorporate onto these new Class 387/2 Bombardier Electrostar trains and we look forward to working closely with them on this project.

We believe that this contract award is another example of the growth opportunity available to enable Petards to develop its business in this exciting market sector."

Contacts:

 
 Petards Group plc                  www.petards.com 
 Raschid Abdullah, Chairman         Mb: 07768 905 004 
 Andy Wonnacott, Finance Director   Tel: 0191 420 3000 
 
 WH Ireland Limited, Nomad and      www.wh-ireland.co.uk 
  Joint Broker 
 Mike Coe / Ed Allsopp              Tel: 0117 945 3470 
 
 Hybridan LLP, Joint Broker         www.hybridan.com 
 Claire Louise Noyce                Tel: 020 3713 4581 
                                     claire.noyce@hybridan.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTUUUURSKAUUAA

Petards (LSE:PEG)
Historical Stock Chart
From Jun 2024 to Jul 2024

Petards (LSE:PEG)
Historical Stock Chart
From Jul 2023 to Jul 2024