Information  X 
Enter a valid email address

Petards Group PLC (PEG)

  Print          Annual reports

Wednesday 10 April, 2019

Petards Group PLC

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 AVENTRATM 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:  0117 945 3470



Hybridan LLP, Joint Broker

www.hybridan.com

 

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 

 

Square 1 Consulting, Financial PR

www.square1consulting.co.uk

 

David Bick 

Mb: 07831 381 201

Tel: 020 7929 5599

[email protected]

 

                                                                                          


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
CNTEAKLNEEPNEFF

a d v e r t i s e m e n t