Contract Award

RNS Number : 4697A
Petards Group PLC
22 December 2014
 



22 December 2014

 

 

PETARDS GROUP PLC ("Petards" or the "Group")

 

Contract Win

 

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain on-board digital CCTV systems for Bombardier Electrostar Electrical Multiple Unit (EMU) trains.

Petards eyeTrain saloon and Driver Only Operation (DOO) CCTV systems will be fitted to  new four-car Bombardier Electrostar trains that Bombardier are building for Govia Thameslink Railway for operation on the Gatwick Express route. The contract has a total value in the region of £1.5 million and is for additional sets of equipment of the type presently being supplied on an order awarded to Petards in October 2013.  It will be supplied as an extension to that order and deliveries are expected to commence in the first half of 2015 and be completed during that year.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"We are pleased that Bombardier has again selected Petards technology to incorporate onto these new Class 387/2 Bombardier Electrostar trains and we look forward to working closely with them on this project.

We believe that this contract award is another example of the growth opportunity available to enable Petards to develop its business in this exciting market sector."

 

Contacts:

 

 

Petards Group plc

www.petards.com

 

Raschid Abdullah, Chairman

Mb:  07768 905 004

 

Andy Wonnacott, Finance Director

Tel: 0191 420 3000

 



 

WH Ireland Limited, Nomad and Joint Broker

www.wh-ireland.co.uk

 

Mike Coe / Ed Allsopp

Tel:  0117 945 3470

 



 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3713 4581

claire.noyce@hybridan.com

 


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