SEA awarded contracts
Cohort PLC
15 January 2008
15 January 2008
COHORT PLC
SEA awarded over £5.5M TfL and Network Rail contracts
Cohort plc, a leading independent technical services business, is pleased to
announce that its subsidiary company, SEA Group, has been awarded contracts from
Transport for London (TfL) and Network Rail with a combined value in excess of
£5.5 million.
TfL's 4-year Framework contract (initially valued at over £3.5M) is for the
design, development, roll-out and operation of a new Digital Traffic Enforcement
System (DTES). DTES will replace TfL's current analogue traffic enforcement
system and reduce the cost of collecting, processing and storing evidence of bus
lane, parking and red route infringements, whilst improving the quality and
reliability of future enforcement operations. With the introduction of the
Traffic Management Act (2004) concerning the decriminalisation of moving traffic
offences, (due to become law in Spring 2008), there is the potential for
deployment of the DTES technology by other Local Authorities around the country.
The Network Rail contracts (circa £2M) are for a Signal Sighting Asset Data
Store (SSADS) and the automation of Signallers Forms (SF). SSADS will enable
Network Rail to improve the management of signal assets condition assessments
and the planning of signalling renewals. SF will provide Network Rail with a
more effective means of capturing, storing and disseminating information between
Signallers and other Operational third parties. Both contracts will run for a
period of 12 months.
Nick Prest CBE, Chairman of Cohort plc, commented: 'This is a good start to
2008. We are delighted to have been awarded these important contracts from two
such prestigious clients. They consolidate our position and provide an excellent
basis for further opportunities and developments within the Transport market.'
For further information, please contact
Cohort plc 01491 843150
Stanley Carter, Chief Executive
Simon Walther, Finance Director
Investec 020 7597 5970
Michael Ansell
Hogarth Partnership Limited 020 7357 9477
Julian Walker, Andrew Jaques, Vicky Watkins
NOTES TO EDITORS
Cohort plc (www.cohortplc.com)
Cohort is a defence technical services group. It operates through three
wholly-owned subsidiaries, MASS Consultants ('MASS'), Systems Consultants
Services ('SCS') and SEA Group ('SEA') , all of which are leading independent
service providers, working for defence (air, land and sea), wider government and
industry clients.
• MASS (www.mass.co.uk) was acquired by Cohort in August 2006 for an
initial consideration of £12.5m and is an independent UK Systems House
focused on the defence and aerospace markets. MASS offers specialist skills
in four main business areas: Managed Services, Electronic Warfare, Secure
Communications and Information Systems.
• SCS (www.scs-ltd.co.uk), Cohort's original operating company, provides
independent consultancy support, which combines technical expertise with
practical experience and domain knowledge, primarily but not exclusively to
the defence sector.
• SEA (www.sea.co.uk) is an independent systems engineering and software
company operating primarily in the defence sector, but with three other
divisions focused on the space, transport and offshore arenas. SEA was
acquired by Cohort on 31 October 2007 for an initial consideration of
£20.7m.
Cohort was specifically established to capitalise on consolidation and organic
growth opportunities in the defence technical services market and was admitted
to trading on AIM on 8 March 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
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