Petards Group PLC Contract Win (9899F)
23 May 2017 - 10:49PM
UK Regulatory
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RNS Number : 9899F
Petards Group PLC
23 May 2017
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 been awarded a
contract to supply Bombardier Transportation ("Bombardier") with
Petards eyeTrain systems.
The new contract, which is worth GBP3 million, is for the supply
of Petards eyeTrain systems to be fitted to five and ten car
BOMBARDIER AVENTRA Electrical Multiple Unit (EMU) trains to be
built by Bombardier. Engineering activities will commence
immediately with the first equipment deliveries starting in July
2017 and it is expected that the project will be completed in
2019.
Commenting, Petards Chairman Raschid Abdullah said;
"We are delighted that Petards' eyeTrain CCTV systems continue
to be the system of choice for fitment to Bombardier's AVENTRA
trains. This new order adds to our already significant installed
base and strengthens our position as the leader of on train video
and data solutions. Additionally it further bolsters the Group's
present order book for delivery in 2017 through to 2019"
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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