REG - Petards Group PLC - Multi-year framework agreement renewal

PetardsAnnouncement

Today 07:02

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250805:nRSE9162Ta&default-theme=true

RNS Number : 9162T  Petards Group PLC  05 August 2025

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.

 
5 August 2025
 
PETARDS GROUP PLC

 

 ("Petards" or the "Group")

 

Multi-year framework agreement renewal

 

Petards, the AIM quoted developer of advanced security, communication, and
surveillance systems, announces that its subsidiary, Affini Technology
(Affini), has agreed the multi-year renewal of an existing customer framework
agreement.

 

The agreement covers the supply of critical communications equipment and
related installation and engineering support services. Its term will now run
until 31 December 2029 and the customer has the option to extend this by up to
two years, which if fully exercised, would increase its term to six years.

 

As it is a framework agreement, there is no contractually committed value, but
Affini anticipates that the related future revenues arising will be in excess
of £1 million per annum over the initial four-year contract term.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are delighted that this customer has chosen to renew its framework
agreement with Affini, giving it the opportunity to continue to work with them
to deliver their critical communications infrastructure.

 

"While the Group's order book value will only reflect the benefit of this
framework agreement as contractual purchase orders are placed over its
four-year term, this renewal provides a strong under pinning of Affini's
future trading over the coming 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

 

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
significant 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/)

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRBLGDIGXGDGUS