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PEG Petards Group Plc

6.75
0.00 (0.00%)
28 Mar 2024 - Closed
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% 6.75 6.50 7.00 6.75 6.75 6.75 25,143 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 7.26 3.82M

Petards Group PLC Contract win (9533X)

16/08/2018 7:01am

UK Regulatory


Petards (LSE:PEG)
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RNS Number : 9533X

Petards Group PLC

16 August 2018

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 in excess of GBP2.7 million, is for the supply of Petards eyeTrain systems as part of a Class 172 modifications project for supply to West Midlands Trains. A total of 35 trains will be modified to have Petards Automatic Selective Door Opening system "ASDO", Driver Controlled Operation CCTV "DCO CCTV" and Automatic Passenger Counting "APC" systems installed. Engineering activities will commence immediately with the first equipment deliveries starting in January 2019 and it is expected that the project will be completed in 2020.

Commenting, Petards Chairman Raschid Abdullah said: "We are delighted that Petards has been selected by Bombardier to work with them on this exciting project and supply our innovative ASDO, DCO CCTV and APC systems. 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 2019 through to 2020"

Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) ("MAR") prior to its release as part of this announcement and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

Contacts:

 
 Petards Group plc               www.petards.com 
 Raschid Abdullah, Chairman      Mb: 07768 905 004 
 
 
 WH Ireland Limited, Nomad and   www.whirelandcb.com 
  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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

CNTEAFPSFEXPEAF

(END) Dow Jones Newswires

August 16, 2018 02:01 ET (06:01 GMT)

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