Contract win
October 19 2009 - 1:00AM
UK Regulatory
TIDMPEG
RNS Number : 9597A
Petards Group PLC
19 October 2009
Petards Group plc ("Petards" or "the Company")
Contract award
Petards, the AIM quoted developer of advanced security and surveillance systems,
announces that it has been awarded a contract to supply Construcciones y
Auxiliar de Ferrocarriles, S.A of Spain ("CAF") with Petards eyeTrain on-board
digital CCTV systems for new Class 4000 trains.
CAF are supplying Translink with twenty new 3-car Class 4000 trains that are to
be operated by Northern Ireland Railways. The new trains are to be configured
so as to enable a future increase in the number of cars per train, and they will
run on the whole Northern Ireland network. This is the first contract that CAF
have awarded to Petards for eyeTrain on-board digital CCTV systems.
The contract is worth approximately GBP0.3m and deliveries, which are expected
to commence mid 2010, will be completed during 2011.
Commenting on the award, Petards Chief Executive Bill Conn said "I am delighted
that CAF has chosen Petards technology to provide the on-board digital CCTV for
these class 4000 trains. We view this as another important step for us both in
the supply of equipment onto new-build trains and in the expansion of our
overseas customer base.
We are looking forward to working with them on this and other projects. CAF are
an increasing force in the rail industry and their significant growth in recent
times demonstrates their ability to penetrate rail markets world-wide."
For further information:
+------------------------------------+------------------------------------+
| Petards Group plc | www.petards.com |
+------------------------------------+------------------------------------+
| Bill Conn, Chief Executive | Tel: 0191 420 3000 |
| Andy Wonnacott, Finance Director | |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Collins Stewart Europe Limited | |
+------------------------------------+------------------------------------+
| Piers Coombs, Stewart Wallace | Tel: 020 7523 8350 |
+------------------------------------+------------------------------------+
| | |
+------------------------------------+------------------------------------+
| Walbrook PR Limited | Tel: 020 7933 8788 |
+------------------------------------+------------------------------------+
| Ben Knowles | Mob: 07900 346 978 |
+------------------------------------+------------------------------------+
| | ben.knowles@walbrookpr.com |
+------------------------------------+------------------------------------+
Editor's Notes:
About Petards
Petards has been providing on-board CCTV systems to the rail industry for a
decade. Its latest generation of on-board CCTV system, eyeTrain , is rail-proven
and fully digital, with superb image quality and terabyte storage capacity. It
captures video from the seating and doorway areas of passenger vehicles to
clearly identify any offenders. eyeTrain also links to other train sub-systems
that can include automatic passenger counting, alarms, entertainment, public
address and information systems. Forward facing cameras can be added to capture
the view from the driver's window - a vital piece of evidence for investigations
into trackside incidents.
Construcciones y Auxiliar de Ferrocarriles (CAF), S.A, is one of the market
leaders in the design, manufacture, maintenance and supply of trains, equipment
and components for railway systems with revenues in 2008 of over EUR1 billion.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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