Petards Group PLC AGM Statement (3238D)
April 26 2017 - 1:00AM
UK Regulatory
TIDMPEG
RNS Number : 3238D
Petards Group PLC
26 April 2017
26 April 2017
PETARDS GROUP PLC
("Petards" or the "Group")
AGM Statement
Petards, the AIM quoted software developer of advanced security
and surveillance systems will hold its AGM at 11.00 a.m. this
morning at The Country Club, 158 High Street, Guildford, Surrey,
GU1 3HU.
At the AGM, Petards Chairman, Raschid Abdullah will make the
following statement:
"I am pleased to advise you that since my Chairman's statement
in the Report and Accounts, we have been successful in securing a
GBP4.3 million order from Stadler Bussnang AG for the provision of
Petards eyeTrain CCTV and Automatic Selective Door Opening Systems
('ASDO'). Stadler is a quality Swiss based global train builder and
a new customer. This represents an excellent opportunity for
Petards to develop internationally.
"Investment in UK rolling stock is at record levels giving rise
to significant opportunities for Petards. I am pleased to report we
are presently in active negotiations with existing customers over
new contracts.
"Whilst our defence business has been slow on order intake
during the first quarter, indications are that there is further
MOD, NATO and third party business in the pipeline. The renewal
last December of the three year MOD Systems Adaptive Counter
Measures Dispensing Systems Contract is anticipated to bring
additional business throughout its duration.
"The QRO acquisition, completed April 2016, together with its
management team has integrated well into the Group. Petards Provida
range of products in the Emergency Services division and QRO are
both seeing increased enquiries from many police forces throughout
the UK at the start of their financial year.
"We entered 2017 with an order book of GBP20 million. At the 31
March this year, it stood at GBP21 million of which GBP13 million
is scheduled for delivery by the end of the year.
"The strength of the order book gives the Board confidence of a
good outcome for the year and I look forward to reporting further
progress in the interim results in September."
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad www.whirelandplc.com
and Joint Broker
Mike Coe / Ed Allsopp Tel: 0117 945 3470
Hybridan LLP, Joint Broker www.hybridan.com
Claire Louise Noyce Tel: 020 3764 2341
claire.noyce@hybridan.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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