Cohort PLC SEA wins GBP4.6m upgrade contract for overseas navy

TIDMCHRT

Cohort PLC

20 August 2021

 
 One Waterside Drive 
  Arlington Business Park 
  Reading 
  Berks 
  RG7 4SW 
 
 
 
  20 August 2021 
 

COHORT PLC

("Cohort" or "the Group")

Contract Win

SEA wins GBP4.6m upgrade contract for overseas navy

Cohort, the AIM-listed independent technology group, announces that its subsidiary Systems Engineering & Assessment Limited ("SEA") has been awarded a contract to the value of GBP4.6 million, by a Ministry of Defence in the Asia Pacific region to upgrade the communications systems on two naval surface vessels. The contract will commence in September 2021 and be completed by the end of 2025. This contract is for the first of four planned project phases.

The contract was won in competition after SEA conducted an equipment assessment in collaboration with its in-country partner and electrical services experts in June 2021. SEA will work in partnership with local subcontractors to install the new system, conduct training and ensure knowledge transfer to local partners and the in-country navy.

Andy Thomis, Cohort Chief Executive, said:

"This contract is a significant win for SEA, expanding its presence in the Asia Pacific region and delivers improved communications systems and lower through-life costs for the customer. Together with other recent contract wins across the Group, this contract further underpins our order book and enhances the visibility of future revenues."

ENDS

For further information please contact:

 
 Cohort plc                                0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 
 Investec Bank Plc (NOMAD and Broker)      020 7597 5970 
 Daniel Adams, Christopher Baird 
 
 MHP Communications                        020 3128 8570 
 Reg Hoare, Pete Lambie                  [e-mail] 
 

NOTES TO EDITORS

Cohort plc ( www.cohortplc.com ) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany 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 surveillance, tracking and fire-control systems to the defence and security markets. A majority stake was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a

majority stake in June 2016.   www.eid.pt 

ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval

marketplace.  Acquired by Cohort in December 2020.   www.elac-sonar.de 

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 and supports technology-based products for the defence and transport markets alongside specialist research and training services. 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 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

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August 20, 2021 02:00 ET (06:00 GMT)