REG - Petards Group PLC - Contract Win

PetardsAnnouncement

10/04/2019 07:05

RNS Number : 6772V
Petards Group PLC
10 April 2019
 


10 April 2019
 
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 Bombardier Transportation ("Bombardier") with Petards eyeTrain systems.
 
The new contract, which is worth in excess of £1.5 million is for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER AVENTRATM Electrical Multiple Unit (EMU) trains to be built by Bombardier. Activities will commence immediately with the first equipment deliveries starting in mid 2019 and it is expected that the deliveries will be completed in 2020.
Commenting, Petards Chairman Raschid Abdullah said;
"We are delighted that Petards' eyeTrain systems continue to be the system of choice for fitment to Bombardier's AVENTRA trains. This new order adds to our already significant installed base and strengthens our position as the leader of on train video and data solutions. Additionally it further bolsters the Group's present order book for delivery in 2019 through to 2020 and provides additional underpinning to existing market expectations."
 
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:  0117 945 3470














Hybridan LLP, Joint Broker


www.hybridan.com


 




Claire Louise Noyce
 


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


 




Square 1 Consulting, Financial PR


www.square1consulting.co.uk


 




David Bick 


Mb: 07831 381 201
Tel: 020 7929 5599
david.bick@square1consulting.co.uk


 



                                                                                          




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTEAKLNEEPNEFF