REG - Petards Group PLC - Contract Win

PetardsAnnouncement

25/09/2024 07:00

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RNS Number : 5079F  Petards Group PLC  25 September 2024

25 September 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 recently acquired subsidiary, Affini
Technology (Affini), has been awarded an order worth over £0.4 million for a
critical communication system.

 

The order is for the supply and installation of a new wireless communications
system to support the customer's ongoing activities at a major UK site.
Deliveries are expected to commence in October and the order is scheduled to
be fully delivered within the current year.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"It is very pleasing that this customer has chosen to award this contract to
Affini and giving it the opportunity to work with them in delivering their
critical communications infrastructure project.

 

This order adds to the contract award successes announced by both Petards Rail
and QRO in recent weeks further adding to the current Group's order book."

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

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:

 

Affini Technology (Affini) was acquired by Petards in June 2024 and is a UK
based wireless critical communications solutions provider to the transport,
blue light, energy defence and construction sectors. Affini's expertise covers
the entire life cycle, enabling it to offer an end-to-end service from
strategy and design to maintenance and service management.

 

Affini delivers voice, video and data communication solutions alongside
telematics, telemetry and asset/people tracking services and generates
signbificant recurring revenues. It supplies services to a number of blue chip
clients, with many customer relationships spanning 10 years or more.

 

The Affini business  originates from 1974 when the radio division of the
organisation that formed British Airways was carved out as a separate
business. Historically, Affini's core capability was the design, deployment
and ongoing maintenance of critical communications networks within the
aviation sector.  The foundation of these solutions focused on radio
technologies, for both landside and airside Private Mobile Radio (PMR)
networks as well as ground to air communications within airports.

 

https://affini.co.uk/ (https://affini.co.uk/)

 

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