Petards Group PLC Contract Award (8894O)
07 October 2019 - 5:00PM
UK Regulatory
TIDMPEG
RNS Number : 8894O
Petards Group PLC
07 October 2019
7 October 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 GBP1.3 million is for the
supply of Petards eyeTrain systems to be fitted to BOMBARDIER
ELECTROSTAR(TM) Electrical Multiple Unit (EMU) trains as part of an
upgrade programme with train owner Porterbrook and train operator
Govia Thameslink Railway (GTR). The upgrade will further enhance
the ELECTROSTAR'S video and data collection capability through the
addition of the Petards eyeTrain Forward Facing CCTV, Track
Debris/Third Rail Camera and Digital Video Recording (DVR) systems.
Activities will commence immediately with the first equipment
deliveries starting early 2020 and it is expected that the
deliveries will be completed in 2021.
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 trains. This new
order adds to our already significant installed base and reinforces
our position as a leader of on train video and data solutions.
Additionally it further bolsters the Group's present order book for
delivery in 2020 through to 2021"
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad and www.whirelandcb.com
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTCKQDPPBDDCKK
(END) Dow Jones Newswires
October 07, 2019 02:00 ET (06:00 GMT)
Petards (LSE:PEG)
Historical Stock Chart
From Apr 2024 to May 2024
Petards (LSE:PEG)
Historical Stock Chart
From May 2023 to May 2024