Contract Win

RNS Number : 6772V

Petards Group PLC

10 April 2019

 

10 April 2019

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 in excess of £1.5 million is for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER AVENTRA^TM Electrical Multiple Unit (EMU) trains to be built by Bombardier. Activities will commence immediately with the first equipment deliveries starting in mid 2019 and it is expected that the deliveries will be completed in 2020.

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 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 2019 through to 2020 and provides additional underpinning to existing market expectations."

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 / Chris Savidge	Tel:  [phone]
Hybridan LLP, Joint Broker	www.hybridan.com
Claire Louise Noyce	Tel:  [phone] [e-mail]
Square 1 Consulting, Financial PR	www.square1consulting.co.uk
David Bick	Mb: 07831 381 201 Tel: [phone] [e-mail]

 

END

 

 

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