PEG Petards Group Plc

RNS Number:6340D
Petards Group PLC
26 May 2006


                               Petards Group plc
                                  ("Petards")

                      Board Changes and Notice of Results

Petards, the AIM listed developer of advanced surveillance systems, announces
that David Hayes, Chief Executive will be leaving the company with effect from
31st May 2006. David joined the group in 2004 and was appointed Chief Executive
in March 2005. During that time he has overseen a major restructuring of the
business and, through the acquisition of PI Vision in September 2005,
established operations in the US.

Since September David has been spending an increasing proportion of his time in
the US to ensure proper integration of the UK and US activities from both a
product development and operations point of view. He will continue in a
consulting capacity with the group, in particular to help develop the group's US
activities.

The Board is pleased to announce that it has appointed Bill Conn as Chief
Executive with effect from 1st June 2006. Bill joined the group in September
2004 as Managing Director of Petards Joyce-Loebl having previously held senior
management roles within Alstom, Siemens, Rolls Royce and British Aerospace. He
joined the Petards Group board in February 2005.  Under his stewardship the
performance of Petards Joyce-Loebl has improved significantly in both the
defence and rail sectors.  In particular, it has become a leading supplier to
the rail CCTV market in the UK and Europe, securing contracts worth #7.5m over
the past year.  It is now well positioned to take advantage of other
opportunities both in the rail and metro sectors.  More recently it also secured
a #0.9m contract for the supply of displays to a European rail customer.

The group has undergone a transformation over the past year and will continue to
make operational improvements while investing further in sales and marketing
both in Europe and the US, where it sees excellent market opportunities over
both the short and medium term. It has contracted a Washington DC based
consultancy to assist in winning US federal and state surveillance systems
contracts.

In order to focus its resources, the group is continuing its drive for synergy
between its businesses, including EIMC, which was acquired earlier this year,
where additional production resource is being directed to eliminate an order
backlog. The group has further strengthened its senior sales team in the UK and
this has already led to an encouraging increase in the level of interest and
enquiries for its surveillance solutions. Further integration of its product
portfolio is planned, developing solutions for its customers in the security &
surveillance and defence markets.

Announcement of Preliminary Results

The Company expects to announce its preliminary results for the year ended 31
December 2005 on 13 June 2006.  As we announced on 20 February 2006, these
results will be broadly in line with market expectations.


ENDS

For further information, please contact:

Petards Group plc                                          www.petardsplc.net
Tim Wightman, Chairman                                     Tel: 07711 089 813

Parkgreen Communications                                   Tel: 020 7786 9600
Paul McManus                                               Mob: 07980 541 893



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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