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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Petards Group Plc | LSE:PEG | London | Ordinary Share | GB00B4YL8F73 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.50 | 7.00 | 8.00 | 7.50 | 7.50 | 7.50 | 25 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Security Systems Service | 9.42M | -1.05M | -0.0173 | -4.34 | 4.55M |
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RNS Number : 3570V
Petards Group PLC
01 November 2010
1 November 2010
Petards Group plc ("Petards")
Contract award
Petards, the AIM quoted developer of advanced security and surveillance systems,
announces that Petards Joyce-Loebl has been awarded a contract that forms part
of an upgrade to the air defence capability of an East Asian country.
The contract, worth in excess of GBP1m, has been awarded to Petards for the
supply of new ruggedized equipment designed to interface with the customer's
existing systems and will provide significant weight savings and improved
performance over the obsolescent units currently in use. Delivery of the
equipment is expected to be in the second half of 2011.
Commenting on the award, Petards Chief Executive Bill Conn said "We see this
ability to provide innovative solutions to obsolescence issues as a key strength
of Petards. In times of reducing budgets it allows customers to minimise
through equipment life costs while maintaining or enhancing the capabilities of
their systems. It is also particularly gratifying to see that we have the
quality of products and credibility necessary to compete and win business from
new export customers in this sector."
For further information:
+------------------------------+------------------------------+
| Petards Group plc | www.petards.com |
+------------------------------+------------------------------+
| Bill Conn, Chief Executive | Tel: 0191 420 3000 |
| Andy Wonnacott, Finance | |
| Director | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| WH Ireland Limited | www.wh-ireland.co.uk |
+------------------------------+------------------------------+
| Mike Coe / Marc Davies | +44 (0) 117 945 3470 |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Walbrook PR Limited | Tel: 020 7933 8787 |
+------------------------------+------------------------------+
| Paul McManus | Mob: 07980 541 893 |
+------------------------------+------------------------------+
| | paul.mcmanus@walbrookpr.com |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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