RCS - Petards Group PLC - Contract Renewal

PetardsAnnouncement

29/07/2025 07:00

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RNS Number : 8625S  Petards Group PLC  29 July 2025

This is a Reach (i.e. non-regulatory) announcement and the information
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management's expectations of the Company's performance

 

29 July 2025
 
 
PETARDS GROUP PLC
 ("Petards")

 

Contract Renewal

 

 

Petards, the AIM quoted developer of advanced security, communication and
surveillance systems, announces that an important rail industry customer has
renewed its existing contract for the provision of software licences,
maintenance and support services.

 

This renewal, secured by Petards' subsidiary RTS Solutions (RTS), is effective
immediately and runs until June 2026, the value of which is over £0.3
million.

 

Under the terms of the contract RTS will continue to provide software
licences, maintenance and third line support in respect of its real time
failure and incident management software used on the UK's rail network.

 

 

Commenting on the award, Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are very pleased to have secured this contract renewal for this
safety-related software application which RTS has delivered to its customer
for many years.

 

"This award, which follows the £360,000 SaaS software license renewal for
another customer announced last month, further adds to the Group's order book
and supports its strong core of recurring revenues for the current and
following year."

 

 

Contacts:

 

 Petards Group plc                              www.petards.com (http://www.petards.com/)
 Raschid Abdullah, Chairman                     Mb:  07768 905004

 Zeus, Nomad and Joint Broker
 Mike Coe / Darshan Patel (Investment Banking)  Tel:  020 3829 5000

 Hybridan LLP, Joint Broker                     www.hybridan.com (http://www.hybridan.com/)
 Claire Louise Noyce                            Tel:  020 3764 2341

                                                claire.noyce@hybridan.com (mailto:claire.noyce@hybridan.com)

 

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