Contract Announcement

RNS Number : 0532S

Cohort PLC

06 July 2020

 

6 July 2020

CONTRACT ANNOUNCEMENT

CHESS DYNAMICS WINS SURVEILLANCE EQUIPMENT CONTRACT

Cohort plc, the independent technology group, is pleased to announce that its wholly owned subsidiary Chess Dynamics Ltd ("Chess") has been awarded a two-year contract to supply surveillance equipment to a Northern European customer. The contract has a value of approximately £20 million, with deliveries expected to commence in the second half of the Group's 2021 financial year.

Andy Thomis, Cohort Chief Executive, said:

"This contract further demonstrates Chess's technological leadership and ability to serve a diverse range of global customers. Together with other recent contract wins across the Group, this announcement further demonstrates the visibility of our medium-term revenues."

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For further information, please contact:

Cohort plc	0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc	020 7597 5970
Chris Baird / Daniel Adams
MHP Communications	020 3128 8591
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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