Contract Award

RNS Number : 0807K

Petards Group PLC

14 April 2015

 

Petards Group plc / Index: AIM / Epic: PEG / Sector: Support Services

14 April 2015

Petards Group plc

("Petards" or "the Company")

Contract Award

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a £0.6 million contract by a major UK defence systems contractor to provide test equipment for use on a UK Ministry of Defence ("MOD") programme.

The contract is for the design, manufacture and supply of equipment that will form part of a Defensive Aids Suite system integration test rig that will enable the customer to carry out verification of electronic countermeasure configurations prior to their installation on aircraft.  Most of the equipment is expected to be delivered in the second half of 2015 and the project is expected to be completed early in 2016.

Commenting, Raschid Abdullah, Petards Chairman said: "Petards has established a market leading position in this aspect of electronic countermeasures in the UK and we are very pleased to have secured this contract, which will enhance the test capabilities of our customer and add to the services it is able to provide to the MOD."

**ENDS**

For further information:

Petards Group plc	www.petards.com
Raschid Abdullah, Chairman	Mb:  07768 905 004
Andy Wonnacott, Finance Director	Tel: [phone]
WH Ireland Limited, Nomad and Joint Broker	www.wh-ireland.co.uk
Mike Coe, Ed Allsopp	Tel:  [phone]
Hybridan LLP, Joint Broker	www.hybridan.com
Claire Louise Noyce	Tel:  [phone] [e-mail]
St Brides Partners Ltd	www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Heap	Tel: [phone]

Notes

Petards is a cash generative global supplier of products to original equipment manufacturers ('OEMs'), system integrators and end users in the rail, security and defence markets in new build, refurbishment and retrofit applications. The Company delivers ruggedised electronic solutions including video and sensor data surveillance, radio communications and threat simulation systems on mobile platforms. Petards offers a range of services, supporting its own and third party systems, spanning custom development, manufacturing, commissioning, maintenance and obsolescence management. Further information on its three product areas is included below:

Transport

Petards' market-leading eyeTrain technology provides leading edge products for on-board train video and sensing solutions, including Driver Only Operation Systems, Passenger Counting Systems, Saloon and Drivers View Video and Condition Based Monitoring.  These systems have been chosen for installation on thousands of rail vehicles around the globe, helping to reduce operating costs, increase safety and improve passenger satisfaction.

Emergency Services

Petards' ProVida is one of the world's leading in-car police speed detection, surveillance and ANPR (Automatic Number Plate Recognition) brands, comprising four components: In-Car Video, Speed Enforcement, ANPR Systems and ANPR cameras.  As well as Petards' systems being used by many of the UK's police forces, the brand has stretched to over 20 countries.

Defence

Petards provide a range of specialist engineering services to the defence sector. The Company has established a strong reputation for being a responsive, flexible and reliable partner in delivering challenging military programmes.  Petards excels in the disciplines of Communications and Information Systems, Electronic Countermeasure Systems, Ruggedised Electronic Control Systems and in the provision of Engineering Services to UK MoD and other NATO countries.

 

END

 

 

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