Contract Announcement

RNS Number : 9590K

Cohort PLC

03 September 2019

 

3 September 2019

Cohort plc

("Cohort" or "the Group")

Contract Announcement

EID awarded €16.7m contract from the Portuguese army

Cohort, the independent technology group, is pleased to announce that its Portuguese subsidiary, EID, has been awarded a €16.7M contract to supply tactical radios and ancillary equipment for the Portuguese Army. Deliveries will start in 2019 and will continue until 2026.

This order follows on from earlier contracts with the Portuguese Army, allowing them to use a modern and powerful tactical communications system based on software-defined radio principles, with a high level of efficiency and compatibility with other NATO countries.

The PRC-525 combat net radio is currently the standard manpack and vehicular radio in the Portuguese Army. It covers HF, VHF and UHF frequency ranges, featuring frequency hopping and a wide range of waveforms. The contract includes the provision of other systems and components developed and manufactured by EID, including deployable base systems, power amplifiers for vehicular use and antenna tuning units.

Andy Thomis, Chief Executive of Cohort, said:

"I am very pleased that EID has been awarded this contract, continuing our long and deep relationship with the Portuguese Army. This contract will provide EID with an important long term revenue stream and together with other recent wins across the Group, will enhance the visibility of future Group revenue."

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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 8771
Reg Hoare / Ollie Hoare / Luke Briggs

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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