Petards Group PLC Contract Win (7868N)
31 October 2016 - 6:00PM
UK Regulatory
TIDMPEG
RNS Number : 7868N
Petards Group PLC
31 October 2016
31 October 2016
PETARDS GROUP PLC ("Petards" or the "Group")
Contract Win
Petards, the AIM quoted software developer of advanced security
and surveillance systems, announces that it has secured an
additional framework contract and two "Call Off" contracts with
Hitachi Rail Europe Limited (Hitachi) for Petards to supply
Automatic Passenger Counting Systems.
The new "Call Off" contracts are for the East Coast Main Line as
part of the Intercity Express Programme and the Great Western
Railway West of England service, the value of which are in excess
of EUR1.2m and will be supplied over the next 3 years.
Commenting on the award, Petards Chairman Raschid Abdullah
said;
"The board of Petards is delighted that we continue to develop
our long term relationship with Hitachi. These two exciting
projects further enhance our position as a leading supplier to the
rail industry and strengthen the Group's present order book for
delivery in 2017, 2018 and into 2019."
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad and Joint Broker www.wh-ireland.co.uk
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
Notes
Petards is a 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. Fixed site,
mobile, re-deployable and hand-held ANPR systems together with the
integrating software, are also offered by the Petards subsidiary
QRO Solutions enabling coverage across many of the UK's police
forces. The Provida brand has also 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
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