Petards Group PLC Contract win (9533X)
August 16 2018 - 2:01AM
UK Regulatory
TIDMPEG
RNS Number : 9533X
Petards Group PLC
16 August 2018
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 GBP2.7 million, is
for the supply of Petards eyeTrain systems as part of a Class 172
modifications project for supply to West Midlands Trains. A total
of 35 trains will be modified to have Petards Automatic Selective
Door Opening system "ASDO", Driver Controlled Operation CCTV "DCO
CCTV" and Automatic Passenger Counting "APC" systems installed.
Engineering activities will commence immediately with the first
equipment deliveries starting in January 2019 and it is expected
that the project will be completed in 2020.
Commenting, Petards Chairman Raschid Abdullah said: "We are
delighted that Petards has been selected by Bombardier to work with
them on this exciting project and supply our innovative ASDO, DCO
CCTV and APC systems. 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"
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) ("MAR") prior to its release as part
of this announcement and is disclosed in accordance with the
Company's obligations under Article 17 of those Regulations.
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 / Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
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END
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