Contract Win

RNS Number : 9899F

Petards Group PLC

23 May 2017

 

PETARDS GROUP PLC ("Petards" or the "Group")

 

Contract Win

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

The new contract, which is worth £3 million, is for the supply of Petards eyeTrain systems to be fitted to five and ten car BOMBARDIER AVENTRA Electrical Multiple Unit (EMU) trains to be built by Bombardier. Engineering activities will commence immediately with the first equipment deliveries starting in July 2017 and it is expected that the project will be completed in 2019.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain CCTV systems continue to be the system of choice for fitment to Bombardier's AVENTRA trains. This new order adds to our already significant installed base and strengthens our position as the leader of on train video and data solutions. Additionally it further bolsters the Group's present order book for delivery in 2017 through to 2019"

Contacts:

Petards Group plc	www.petards.com
Raschid Abdullah, Chairman	Mb:  07768 905 004
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]

 

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