Petards Group PLC Contract win (5124R)
12 December 2016 - 7:00AM
UK Regulatory
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RNS Number : 5124R
Petards Group PLC
12 December 2016
12 December 2016
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 Siemens Mobility Division ("Siemens") with
Petards eyeTrain systems.
The contract has been placed under the framework agreement which
provides Petards the opportunity to supply Siemens' world-wide rail
vehicle business with its train related products and services. This
further order under the framework agreement is for Petards eyeTrain
on-board digital CCTV systems that will be fitted to new Desiro
City Electrical Multiple Unit (EMU) trains being built by
Siemens.
The equipment to be supplied provides the trains and their
drivers with enhanced capability in the areas of security and
surveillance through CCTV coverage, both internal and external, of
saloon areas combined with pantograph, forward facing and track
debris monitoring
The order is worth approximately GBP2 million. Engineering
activities will commence immediately with the first equipment
deliveries to be made at the end of the first quarter 2017 and it
is anticipated that the project will be completed during 2018.
Commenting, Petards Chairman Raschid Abdullah said: "We are
delighted that Petards has secured yet another key contract under
the global framework agreement with Siemens. This provides us with
yet another exciting rail project which further enhances our
position in the rail industry and significantly strengthens the
Group's present order book for delivery in 2017 and 2018."
Contacts:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
WH Ireland Limited, Nomad www.whirelandplc.com
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
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December 12, 2016 02:00 ET (07:00 GMT)