SaaS licensing renewal

Petards

24/06/2025 07:00

RNS Number : 0390O

Petards Group PLC

24 June 2025

 

This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on 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
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
Claire Louise Noyce
Tel: 020 3764 2341
claire.noyce@hybridan.com

 

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