Petards Group PLC Contract win (0223U)
July 09 2018 - 5:30AM
UK Regulatory
TIDMPEG
RNS Number : 0223U
Petards Group PLC
09 July 2018
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 GBP2.8 million, is for the
supply of Petards' eyeTrain systems to be fitted to five and ten
car BOMBARDIER AVENTRA Electrical Multiple Unit (EMU) trains to be
built by Bombardier for supply to South Western Railway.
Engineering activities will commence immediately with the first
equipment deliveries starting in September 2018 and it is expected
that the project will be completed in 2020.
Commenting, Petards Chairman Raschid Abdullah said: "We are
delighted that Petards' eyeTrain CCTV 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 2018 through to 2020."
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad and www.whirelandcb.com
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
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END
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