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Petards Group PLC (PEG)

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Wednesday 14 October, 2020

Petards Group PLC

Contract Win

RNS Number : 9812B
Petards Group PLC
14 October 2020
 

14 October 2020

 

 

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 Porterbrook Maintenance Limited with Petards eyeTrain   systems.

 

The new contract, which is worth in excess of £1.3 million, is for the supply of Petards eyeTrain systems. These will be fitted to 19 Class 769 Flex trains, which are the UK's first tri-mode trains, capable of running on overhead and third rail electric lines as well as under their own diesel power. The trains will be operated by Great Western Railway and are expected to be introduced on services running between Reading and Gatwick during 2021. Deliveries are expected to be completed during the first quarter of 2021.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards has been selected by Porterbrook and Great Western Railway to work with them on this exciting first UK tri-mode trains project. This new contract provides us with a strong start to 2021 and builds upon our order book . "

 

 

 

 

 

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:  0207 220 1666

 

 

 

 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 

 

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