Pennant International Group PLC Pennant International Group plc: 60th Anniversary
January 30 2018 - 1:00AM
RNS Non-Regulatory
TIDMPEN
Pennant International Group PLC
30 January 2018
30 January 2018
Pennant International Group plc:
CELEBRATING 60 YEARS OF GROWTH AND INNOVATION
1958 - 2018
Pennant International Group plc ("Pennant" or the "Group"), the
AIM quoted supplier of integrated training and support solutions,
products and services, principally to the defence, rail, aerospace
and naval sectors and to Government Departments, will be 60 years
old on 25 February, 2018.
Over the past six decades it has evolved, from modest
beginnings, into a market-leading technology-led business with a
truly global customer base. It has come a long way since its
founder, John Williams commenced developing animated displays using
a patented light system, the forerunners of today's sophisticated
software training systems. Following on from these beginnings,
capabilities were extended to include the manufacture of specially
designed scaled models, where early projects included collaboration
with Sir Christopher Cockerell to produce prototype designs of the
world's first Hovercraft. In 1965, Brian Crawford and David
Henderson joined the Company and introduced new technology which
opened up the markets of education and training.
This resulted in substantial growth for the business, with
increased demand for procedural and maintenance trainers for civil
and military equipment. The Company continued to expand its
technical capabilities, embracing technological advances by taking
on larger programmes and producing ever more sophisticated training
aids as well as expanding its product offerings still further to
include Omega PS LSAR software.
The Company's flotation on the London Stock Exchange in March
1998 not only provided much easier access to capital to finance
further growth but also a considerably greater public profile which
in turn helped to open the doors to a number of government, defence
and international markets and facilitate further significant
expansion.
Today, the Group is recognised as one of the world's leading
suppliers of integrated training and support systems, products and
services.
Commenting on this major milestone for Pennant and also looking
ahead to its continued growth and development, Phil Walker, Group
CEO, said:
"I'm proud to be a part of a Company with such a rich heritage
and one which has very much moved with the times. Any business is
only as good as its people, and I would like to take this
opportunity to thank employees past and present for their skills,
support and dedication and for making Pennant what it is today, an
internationally acknowledged leader in its chosen markets.
"Looking to the future, I believe the business is well placed to
deliver further growth and innovation, continuing to develop new
products and services as we enter the next phase in Pennant's long
and distinguished history."
Enquiries:
Pennant International www.pennantplc.co.uk
Group plc
Philip Walker, CEO
David Clements, Commercial +44 (0) 1452 714 914
Director +44 (0) 1452 714 914
WH Ireland Limited www.whirelandplc.com
Mike Coe / Ed Allsopp +44 (0) 117 945 3470
Walbrook PR (Financial paul.vann@walbrookpr.com
PR)
Paul Vann / Tom Cooper +44 (0)20 7933 8780
Mob: +44 (0)7768 807631
This information is provided by RNS
The company news service from the London Stock Exchange
END
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