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PEG Petards Group Plc

7.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
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% 7.75 7.50 8.00 7.75 7.75 7.75 4,661 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 8.33 4.38M

Petards Group PLC Contract Win (9899F)

23/05/2017 1:49pm

UK Regulatory


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RNS Number : 9899F

Petards Group PLC

23 May 2017

PETARDS GROUP PLC ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain systems.

The new contract, which is worth GBP3 million, is for the supply of Petards eyeTrain systems to be fitted to five and ten car BOMBARDIER AVENTRA Electrical Multiple Unit (EMU) trains to be built by Bombardier. Engineering activities will commence immediately with the first equipment deliveries starting in July 2017 and it is expected that the project will be completed in 2019.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain CCTV systems continue to be the system of choice for fitment to Bombardier's AVENTRA trains. This new order adds to our already significant installed base and strengthens our position as the leader of on train video and data solutions. Additionally it further bolsters the Group's present order book for delivery in 2017 through to 2019"

Contacts:

 
 Petards Group plc            www.petards.com 
 Raschid Abdullah, Chairman   Mb: 07768 905 004 
 
 
 WH Ireland Limited, Nomad    www.wh-ireland.co.uk 
  and Joint Broker 
 Mike Coe / Ed Allsopp        Tel: 0117 945 3470 
 
 Hybridan LLP, Joint Broker   www.hybridan.com 
 Claire Louise Noyce          Tel: 020 3764 2341 
                               claire.noyce@hybridan.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTEAASDALLXEFF

(END) Dow Jones Newswires

May 23, 2017 08:49 ET (12:49 GMT)

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