Petards Group PLC Contract win (8650B)
12 October 2015 - 5:00PM
UK Regulatory
TIDMPEG
RNS Number : 8650B
Petards Group PLC
12 October 2015
12 October 2015
PETARDS GROUP PLC
AIM: PEG
("Petards" or the "Group")
Contract award worth in excess of GBP1 million
Petards, the AIM quoted developer of advanced security and
surveillance systems, announces that it has been awarded a further
contract to supply Bombardier Transportation ("Bombardier") with
Petards' eyeTrain systems.
The new contract, which is worth in excess of GBP1 million, is
for the supply of eyeTrain saloon and Driver Only Operation (DOO)
systems which will be fitted to new four-car Electrostar Electrical
Multiple Unit (EMU) trains to be built by Bombardier. Petards'
deliveries are anticipated to commence during 2016 and to be
substantially completed by the end of that year.
Commenting, Petards Chairman Raschid Abdullah said;
"We are delighted that Petards' eyeTrain systems continue to be
the system of choice for fitment to Bombardier's Electrostar
trains. This order adds to the hundreds of Electrostar vehicles for
which eyeTrain systems have previously been specified and further
bolsters the Group's present order book for delivery in 2016."
**ENDS**
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
Andy Wonnacott, Finance Tel: 0191 420 3000
Director
WH Ireland Limited, Nomad www.wh-ireland.co.uk
and Joint Broker
Mike Coe / Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
St Brides Partners Limited, www.stbridespartners.co.uk
Financial PR
Elisabeth Cowell, Charlotte Tel: 020 7236 1177
Heap
Notes
Petards is a cash generative global supplier of products to
original equipment manufacturers ('OEMs'), system integrators and
end users in the rail, security and defence markets in new build,
refurbishment and retrofit applications. The Company delivers
ruggedised electronic solutions including video and sensor data
surveillance, radio communications and threat simulation systems on
mobile platforms. Petards offers a range of services, supporting
its own and third party systems, spanning custom development,
manufacturing, commissioning, maintenance and obsolescence
management. Further information on its three product areas is
included below:
Transport
Petards' market-leading eyeTrain technology provides leading
edge products for on-board train video and sensing solutions,
including Driver Only Operation Systems, Passenger Counting
Systems, Saloon and Drivers View Video and Condition Based
Monitoring. These systems have been chosen for installation on
thousands of rail vehicles around the globe, helping to reduce
operating costs, increase safety and improve passenger
satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police
speed detection, surveillance and ANPR (Automatic Number Plate
Recognition) brands, comprising four components: In-Car Video,
Speed Enforcement, ANPR Systems and ANPR cameras. As well as
Petards' systems being used by many of the UK's police forces, the
brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to
the defence sector. The Company has established a strong reputation
for being a responsive, flexible and reliable partner in delivering
challenging military programmes. Petards excels in the disciplines
of Communications and Information Systems, Electronic
Countermeasure Systems, Ruggedised Electronic Control Systems and
in the provision of Engineering Services to UK MoD and other NATO
countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTEALENELASFFF
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