Information  X 
Enter a valid email address

Petards Group PLC (PEG)

  Print          Annual reports

Wednesday 21 October, 2020

Petards Group PLC

Contract win

RNS Number : 7013C
Petards Group PLC
21 October 2020
 

21 October 2020

 

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 for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER ELECTROSTARTM Electrical Multiple Unit (EMU) trains as part of a £55m upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway (GTR). The upgrade will further enhance the ELECTROSTAR'S video and data collection capability with the addition of the Petards eyeTrain Track Debris/Third Rail Cameras throughout the fleet. Activities will commence immediately with the first equipment deliveries starting early 2021 and it is expected that the deliveries will be completed early 2023.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain   systems continue to be the system of choice for fitment to Bombardier's 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 to £12.3 million of which £6.9 million is scheduled for delivery in 2021." 

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

 

Contacts:

 

 

Petards Group plc

www.petards.com

 

Raschid Abdullah, Chairman

Mb:  07768 905 004

 

 

 

 

 

 

 

WH Ireland Limited, Nomad and Joint Broker

www.whirelandplc.com

 

Mike Coe / Chris Savidge

Tel:  0117 945 3470

 

 

 

 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

[email protected]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTEAKEEAANEFFA

a d v e r t i s e m e n t