Cohort PLC Contract Announcement (2037D)

TIDMCHRT

RNS Number : 2037D

Cohort PLC

08 October 2018

8 October 2018

Cohort plc

("Cohort" or "the Group")

Contract Announcement

SEA awarded GBP3m Network Rail enforcement system contracts

Cohort, the independent technology group, is pleased to announce that its subsidiary SEA has been awarded contracts worth more than GBP3m by Network Rail to supply and install its Metro Red Light enforcement system at selected level crossing sites.

Metro Red Light has been developed by SEA to support Network Rail's drive to improve safety at level crossings. The system uses video analytics to detect and capture evidential images and video of any vehicle which crosses a level crossing while the red lights are activated. The system has been proven at a number of sites where it has successfully reduced offending.

Under these contracts SEA will deliver and install over 30 systems at selected level crossings.

Andy Thomis, Chief Executive of Cohort, said:

"The Metro Red Light system is the latest member of SEA's successful Roadflow family and it builds on our experience of delivering over 750 traffic enforcement systems in the UK and overseas. This contract award, together with other recent wins, enhances the visibility of future Group revenue."

Ends

For further information, please contact:

 
 
 Cohort plc                         0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 
 Investec Bank Plc                  020 7597 5970 
 Keith Anderson / Daniel Adams 
 
 MHP Communications                 020 3128 8771 
 Reg Hoare / Ollie Hoare 
 

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company of four innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security. Acquired by Cohort in August 2006. www.mass.co.uk

MCL - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets. Acquired by Cohort in October 2007.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort acquired a majority stake in June 2016. www.eid.pt

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 800 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey, Scotland and Portugal.

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October 08, 2018 02:00 ET (06:00 GMT)