REG - Cohort PLC - Contract Win

CohortAnnouncement

05/12/2023 07:00

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RNS Number : 6357V  Cohort PLC  05 December 2023

 One Waterside Drive

 Arlington Business Park

 Reading

 Berks

 RG7 4SW

 05 December 2023

 

 

COHORT PLC

("Cohort", "the Company" or "the Group")

 

Contract Win

 

ELAC Sonar GmbH ("ELAC") awarded €16 million contract by Italian customer

 

 

Cohort, the AIM-listed independent technology group, announces that its German
subsidiary ELAC has been awarded a 60-month follow-on contract with a value of
€16 million.  Under the contract, ELAC will deliver the sonar system for an
additional unit of a new build submarine program for the Italian Navy. This is
the third unit of the overall program, with ELAC also supplying the sonar
systems for the first two units.

 

Andy Thomis, Cohort Chief Executive, said:

 

"This important order confirms ELAC Sonar's position as a world-leading
provider of submarine sonar systems. ELAC's cutting-edge technology for
passive sonar systems significantly improves detection accuracy and allows for
multi-functional operator stations to execute various sonar applications
aboard the submarines. Together with other recent 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
 Emily McBride, Group Head of Marketing and Corporate Communications
 Raquel McGrath, Company Secretary

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

 MHP (PR)                                                             020 3128 8276
 Reg Hoare, Ollie Hoare, Hugo Harris                                  cohort@mhpgroup.com (mailto: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 1,200 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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