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Petards Group PLC (PEG)

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Monday 09 July, 2018

Petards Group PLC

Contract win

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 £2.8 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 Joint Broker

www.whirelandcb.com

 

Mike Coe / Ed Allsopp

Tel:  0117 945 3470

 



 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 


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