Petards Group PLC Contract award (2234H)
16 August 2016 - 4:00PM
UK Regulatory
TIDMPEG
RNS Number : 2234H
Petards Group PLC
16 August 2016
16 August 2016
Petards Group plc
("Petards" or "the Company")
Contract Award
Petards, the AIM quoted 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 the AVENTRA
Electrical Multiple Unit (EMU) trains to be built by Bombardier for
the London Overground. Petards deliveries are due to commence
during the latter part of this year with completion expected during
the second quarter of 2018.
Commenting, Petards Chairman Raschid Abdullah said: "We are very
pleased to be working with Bombardier with the supply of our well
established eyeTrain system for applications on to their new
AVENTRA Electrical Multiple Unit trains."
**ENDS**
For further information:
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
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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August 16, 2016 02:00 ET (06:00 GMT)