REG - Petards Group PLC - Contract Win

PetardsAnnouncement

14/10/2020 07:01

RNS Number : 9812B
  
Petards Group PLC
  
14 October 2020
  
 

14 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 Porterbrook Maintenance Limited with Petards eyeTrain systems.
 
The new contract, which is worth in excess of £1.3 million, is for the supply of Petards eyeTrain systems. These will be fitted to 19 Class 769 Flex trains, which are the UK's first tri-mode trains, capable of running on overhead and third rail electric lines as well as under their own diesel power. The trains will be operated by Great Western Railway and are expected to be introduced on services running between Reading and Gatwick during 2021. Deliveries are expected to be completed during the first quarter of 2021.
Commenting, Petards Chairman Raschid Abdullah said; 
"We are delighted that Petards has been selected by Porterbrook and Great Western Railway to work with them on this exciting first UK tri-mode trains project. This new contract provides us with a strong start to 2021 and builds upon our order book."
 
 
 
 
 
Contacts:
 




Petards Group plc


www.petards.com


 




Raschid Abdullah, Chairman


Mb:  07768 905 004


 




 


 


 




WH Ireland Limited, Nomad and Joint Broker


www.wh-ireland.co.uk 


 




Mike Coe / Chris Savidge


Tel:  0207 220 1666


 




 


 


 




Hybridan LLP, Joint Broker


www.hybridan.com 




Claire Louise Noyce
 


Tel:  020 3764 2341
claire.noyce@hybridan.com




 
 

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