REG - Cohort PLC - Contract Win

CohortAnnouncement

30/05/2023 08:00

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RNS Number : 9919A  Cohort PLC  30 May 2023

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 30 May 2023

 

COHORT PLC

("Cohort" or "the Group")

 

Contract Win

 

SEA wins £7m Anti-Submarine Warfare contract for South-East Asian Navy

 

 

Cohort, the AIM-listed independent technology group, announces that its
subsidiary Systems Engineering & Assessment Limited ("SEA") has been
awarded a contract to the value of £7 million by a South-East Asian Navy to
provide Anti-Submarine Warfare capability on two vessels. The contract will
commence in May 2023, and be completed by the end of 2026.

 

SEA will work in partnership with local subcontractors to install the new
system, conduct training and ensure knowledge transfer to local partners and
the end user.

 

Andy Thomis, Cohort Chief Executive, said:

 

"This contract is a significant win for SEA and will deliver a modern
Anti-Submarine Warfare capability with lower size, weight, and power
requirements than traditional systems, and with lower through-life costs. It
also expands the Group's presence in the strategically important Asia Pacific
region. Together with other recent contract wins across the Group, this
contract further underpins our order book and enhances the visibility of
future revenues."

 

ENDS

 

 

For further information please contact:

 Cohort plc                            0118 909 0390
 Andy Thomis, Chief Executive
 Simon Walther, Finance Director

 Investec Bank Plc (NOMAD and Broker)  020 7597 5970
 Carlton Nelson, Christopher Baird

 MHP Group                             020 3128 8276
 Reg Hoare, Ollie Hoare, Hugo Harris   cohort@mhpgroup.com

 

 

NOTES TO EDITORS

 

Cohort plc (www.cohortplc.com (http://www.cohortplc.com/) ) is the parent
company of six innovative, agile and responsive businesses based in the UK,
Germany and Portugal, providing a wide range of services and products for
domestic and export customers in defence and related markets.

 

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in
March 2006. It has headquarters in Reading, Berkshire and employs in total
over 1,000 core staff there and at its other operating company sites across
the UK, Germany, and Portugal.

 

The group is split into two segments - Communications and Intelligence, and
Sensors and Effectors:

 

Communications and Intelligence

·    EID designs and manufactures advanced communications systems for
naval and military customers. Cohort acquired a majority stake in June
2016.  www.eid.pt (http://www.eid.pt/)

 

·    MASS is a specialist data technology company serving the defence and
security markets, focused on electronic warfare, digital services, and
training support.  Acquired by Cohort in August 2006. www.mass.co.uk
(http://www.mass.co.uk/)

 

·    MCL designs, sources, and supports advanced electronic and
surveillance technology for UK end users including the MOD and other
government agencies. MCL has been part of the Group since July
2014. www.marlboroughcomms.com (http://www.marlboroughcomms.com/)

 

Sensors and Effectors

·      Chess Dynamics offers surveillance, tracking and fire-control
systems to the defence and security markets. Chess has been part of the Group
since December 2018. www.chess-dynamics.com (http://www.chess-dynamics.com/)

 

·      ELAC SONAR supplies advanced sonar systems and underwater
communications to global customers in the naval marketplace.  Acquired by
Cohort in December 2020.  www.elac-sonar.de (http://www.elac-sonar.de/)

 

·      SEA delivers and supports technology-based products for the
defence and transport markets alongside specialist research and training
services. Acquired by Cohort in October 2007. www.sea.co.uk
(http://www.sea.co.uk/)

 

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