Pennant International Group PLC
16 February 2004
16 February 2004
Press Information
Pennant Wins Canadian Defence Contract worth up to £4 million.
Gloucestershire based training systems, data services and software specialist
Pennant International Group plc, has won a major contract from the Canadian
Government. The contract involves supplying consulting services to the Canadian
Department of National Defence (DND) and is in support of Pennant's OmegaPS
software products, which are already widely used throughout the DND.
The contract was awarded for an initial 15 month term through to the 31st of
March 2005 and has a maximum value of $CA4.2 million (£1.68 million). In
addition, extension options in the contract, will, if exercised, extend the
contract to March 31st, 2007 and raise its maximum value to $CA10 million (£4
million).
'This contract will ensue that the Canadian Department of Defence derives
maximum benefit from the use of the OmegaPS software suite,' said Brian
MacDonald Chief Operating Officer of Pennant Information Services Inc in Canada.
'The length and value of the contract will further strengthen Pennant's
operations in Canada and it endorses the effectiveness of the software and
services we have provided to date.'
Pennant Information Services Inc is a wholly owned subsidiary of Pennant
International Group plc, based in Cheltenham, England and listed on the
Alternative Investment Market (AIM) of the London Stock Exchange.
The company's preliminary results for the year ended 31st December 2003 are due
to be announced on March 22nd 2004
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For further information, visit www.pennantplc.co.uk or contact:
Joe Thompson, Chief Executive, Pennant International Group plc:
Tel: +44 (0) 1452 714881
Mobile: 07860 715196
Brian Macdonald, Pennant Information services Inc Tel: +1 613 745 3811
Barrie Newton,Rowan Dartington & Co Ltd. Tel: +44 (0) 117 925 3377
Ken Rees, Binns Winningtons: Tel: +44 (0) 117 317 9477
Mobile: 07802 466 567
This information is provided by RNS
The company news service from the London Stock Exchange
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