Chess Dynamics awarded international contract

RNS Number : 6010P

Cohort PLC

11 June 2020

 

11 June 2020

COHORT PLC

("Cohort" or "the Group")

Contract Announcement

Chess Dynamics awarded international contract

Cohort, the independent technology group, is pleased to announce that its wholly owned subsidiary, Chess Dynamics ("Chess"), has been awarded a €7.5 million contract for its Air Guard Counter-Unmanned Aerial Systems (C-UAS) for air base and critical infrastructure protection for an international customer.  The majority of the contract is to be delivered during the current and next financial years.

Andy Thomis, Cohort Chief Executive, said: 

"I am delighted to confirm that Chess has secured this important contract, which speaks to the benefits of its well-proven defence technologies. Together with other recent wins across the Group, this contract further underpins Group revenues and our short and medium term outlook."

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For further information, please contact:

Cohort plc		0118 909 0390
Andrew Thomis, Chief Executive Simon Walther, Finance Director
Investec Bank plc		020 7597 5970
Daniel Adams / Chris Baird
MHP Communications		020 3128 8100
Reg Hoare / Pete Lambie / Alice McLaren		[e-mail]

NOTES TO EDITORS

Cohort plc ( www.cohortplc.com ) is the parent company of five innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers systems and technologies for detecting, tracking, classifying and disrupting naval, land and air threats. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016.  www.eid.pt

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.  Acquired by Cohort in August 2006.  www.mass.co.uk

MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007. www.sea.co.uk

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Reading, Berkshire and employs in total around 950 core staff there and at its other operating company sites across the UK and in Portugal.

 

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