Cohort PLC Contract Wins (7104C)

TIDMCHRT

RNS Number : 7104C

Cohort PLC

21 October 2020

 
 21 October 2020 
 

COHORT PLC

("Cohort" or "the Group")

CHESS DYNAMICS WINS THREE NEW CONTRACTS

Cohort plc, the independent technology group, is pleased to announce that its subsidiary Chess Dynamics Ltd ("Chess") has been awarded three new contracts with UK and European customers, with a combined value of approximately GBP16 million. The three contracts cover its Naval, Land and Custom business areas. Initial work will commence in the Group's current financial year, and deliveries will take place from 2021 through to 2028.

Andy Thomis, Cohort Chief Executive, said:

"These contracts further demonstrate Chess's leading technological capability in ground based air defence, naval surveillance and high accuracy tracking and builds its export position. Together with other recent contract wins at Chess and across the Group, this announcement further demonstrates the visibility of our medium and long-term revenues."

ENDS

For further information, please contact:

 
Cohort plc                            0118 909 0390 
Andrew Thomis, Chief Executive 
 Simon Walther, Finance Director 
 Raquel McGrath, Company Secretary 
 
Investec Bank plc                     020 7597 5970 
Daniel Adams / Chris Baird 
 
MHP Communications                    020 3128 8100 
Reg Hoare / Pete Lambie / 
 Isabella Grace 
 

NOTES TO EDITORS

Cohort plc ( www.cohortplc.com ) is the parent company of five 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.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers electro-optical and electro-mechanical systems to the defence and security markets. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for the defence and security markets. Cohort

acquired a majority stake in June 2016.   www.eid.pt 

MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services and training support. Acquired by Cohort in August 2006. www.mass.co.uk

MCL designs, sources and supports advanced electronic and surveillance technology 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 delivers products and services into the defence and transport markets alongside performing specialist research, training and product support. Acquired by Cohort in October 2007. www.sea.co.uk

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total around 900 core staff there and at its other operating company sites across the UK and in Portugal.

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October 21, 2020 02:00 ET (06:00 GMT)