REG - Petards Group PLC - Contract Win

PetardsAnnouncement

23/08/2024 13:45

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RNS Number : 6373B  Petards Group PLC  23 August 2024

23 August 2024
 
PETARDS GROUP PLC
 ("Petards" or the "Group")

 

Contract Win

 

 

 

Petards, the AIM quoted developer of advanced security, communication and
surveillance systems, announces that its subsidiary, Petards Joyce-Loebl
(PJL), has received orders worth in excess of £0.5 million to supply a UK
train builder with Petards eyeTrain systems.

 

The orders are for the supply Petards eyeTrain forward facing and track debris
camera systems to enhance the video and data collection capability of
additional trains within an existing fleet.  This is forms part of an
extension to a significant upgrade programme undertaken by one of the UK's
leading rolling stock owners.

 

Activities will commence with a preliminary equipment supply scheduled for
late 2024 and the main deliveries anticipated to be completed during the first
half of 2025.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are delighted to be awarded this contract and that Petards Rail's well
proven advanced digital technology products have again been selected to
enhance the operational capabilities of longstanding customer's UK fleet.

 

Our experienced team look forward to exhibiting in September at Innotrans, the
International Trade Fair for Transport Technology, and to welcoming both
existing and new customers to demonstrate our range of existing and future
products."

 

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the
Company's obligations under Article 17 of those Regulations.

 

Contacts:

 

 

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

 Zeus Capital Limited, Nomad and Joint Broker
 Mike Coe / Sarah Mather                       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

 

 

Notes to editors:

 

Petards Rail supports its customers in maximising passenger safety and
optimising train and rail service performance levels through its in-house
designed technology that includes Automatic Selective Door Operation, Driver
Controlled Operation systems, on-train passenger camera monitoring systems,
forward and rear facing cameras, track debris cameras, and pantograph
surveillance systems.

 

eyeTrain Connect, Petards back-office software system, provides real-time,
accurate analysis rail vehicles and on-board equipment, including status,
usage and condition data on a train-by-train level. It allows train operators
to monitor and analyse train status, condition, and positional data in
real-time to reduce service delays and the risk and impact of incidents. It
enables interrogation of historical data to identify trends, analyse incidents
and make informed decisions regarding rail fleet performance.

 

Petards have developed its PTeye solution incorporating the latest in AI-ready
technology, to prevent passenger "trap and drag" incidents before train
dispatch.

 

These systems will be exhibited on Petards stand at Innotrans, the
International Trade Fair for Transport Technology, being held in Berlin 24 to
27 September 2024: Stand G-460 Hall 2.2.

 

https://petardsrailsolutions.com/ (https://petardsrailsolutions.com/)

 

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