Petards Group PLC Contract Win (6772V)
10 April 2019 - 4:05PM
UK Regulatory
TIDMPEG
RNS Number : 6772V
Petards Group PLC
10 April 2019
10 April 2019
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 in excess of GBP1.5 million is
for the supply of Petards eyeTrain systems to be fitted to
BOMBARDIER AVENTRA(TM) Electrical Multiple Unit (EMU) trains to be
built by Bombardier. Activities will commence immediately with the
first equipment deliveries starting in mid 2019 and it is expected
that the deliveries will be completed in 2020.
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 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 2019 through to 2020 and provides
additional underpinning to existing market expectations."
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad and www.wh-ireland.co.uk
Joint Broker
Mike Coe / Chris Savidge Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
Square 1 Consulting, Financial www.square1consulting.co.uk
PR
David Bick Mb: 07831 381 201
Tel: 020 7929 5599
david.bick@square1consulting.co.uk
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END
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