Contract win

RNS Number : 8650B

Petards Group PLC

12 October 2015

 

12 October 2015

 

 

PETARDS GROUP PLC

AIM: PEG

("Petards" or the "Group")

 

Contract award worth in excess of £1 million

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a further contract to supply Bombardier Transportation ("Bombardier") with Petards' eyeTrain systems.

The new contract, which is worth in excess of £1 million, is for the supply of eyeTrain saloon and Driver Only Operation (DOO) systems which will be fitted to new four-car Electrostar Electrical Multiple Unit (EMU) trains to be built by Bombardier.  Petards' deliveries are anticipated to commence during 2016 and to be substantially completed by the end of that year.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain systems continue to be the system of choice for fitment to Bombardier's Electrostar trains.  This order adds to the hundreds of Electrostar vehicles for which eyeTrain systems have previously been specified and further bolsters the Group's present order book for delivery in 2016."

**ENDS**

Contacts:

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 Limited, Financial PR	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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