Contract Win

RNS Number : 7868N

Petards Group PLC

31 October 2016

 

31 October 2016

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 secured an additional framework contract and two "Call Off" contracts with Hitachi Rail Europe Limited (Hitachi) for Petards to supply Automatic Passenger Counting Systems.

The new "Call Off" contracts are for the East Coast Main Line as part of the Intercity Express Programme and the Great Western Railway West of England service, the value of which are in excess of €1.2m and will be supplied over the next 3 years.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"The board of Petards is delighted that we continue to develop our long term relationship with Hitachi. These two exciting projects further enhance our position as a leading supplier to the rail industry and strengthen the Group's present order book for delivery in 2017, 2018 and into 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]

Notes

Petards is a 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. Fixed site, mobile, re-deployable and hand-held ANPR systems together with the integrating software, are also offered by the Petards subsidiary QRO Solutions enabling coverage across many of the UK's police forces. The Provida brand has also 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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