RCS - Petards Group PLC - SaaS licensing renewal

PetardsAnnouncement

24/06/2025 07:00

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RNS Number : 0390O  Petards Group PLC  24 June 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

24 June 2025
 
 
PETARDS GROUP PLC

 ("Petards")

 

SaaS licensing renewal

 

Petards, the AIM quoted developer of advanced security, communication and
surveillance systems, announces that its subsidiary, RTS Solutions (UK), has
received an order for the renewal of SaaS licenses for its rail focussed
software applications.

 

The order is from a leading supplier to the UK rail industry, and renews the
customer's licenses for RTS's work, resource and asset management SaaS
applications for a further two years. This renewal is worth £360,000 over the
two year period, with further smaller supplementary orders for licenses and
other work expected to follow.

 

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

 

"We are delighted to have secured this license renewal from such a important
customer and the award adds to RTS's order book and provides it with a strong
core of recurring revenues for the current and following years."

 

Contacts:

 

 Petards Group plc                              www.petards.com (http://www.petards.com)
 Raschid Abdullah, Chairman                     Mb:  07768 905 004

 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

 

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