PEG Petards Group Plc

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RNS Number : 6756S

Petards Group PLC

11 November 2013

11 November 2013

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

Contract Win

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Hyundai Rotem of South Korea with Petards eyeTrain on-board digital CCTV systems for Electrical Multiple Unit (EMU) trains that they are supplying to New Zealand.

The contract is for the supply of eyeTrain systems comprising saloon CCTV, forward facing cameras and automatic passenger counting to be installed on 70 additional 'Matangi' EMU cars that Hyundai Rotem will supply to Greater Wellington Railways as part of a new extension order. Petards already supplied the systems on the previous 96 'Matangi' EMU cars delivered by Hyundai Rotem to the same customer. The contract is worth over GBP1 million and deliveries are expected to commence in the second half of 2014 and to be completed by the end of that year.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"We are very pleased that Hyundai Rotem and Greater Wellington Railways have again chosen Petards eyeTrain systems for fitment to their Matangi trains and we look forward to having the opportunity to work with them both once more. We believe this is a good example of the opportunities for repeat business that exist once our equipment has been specified and installed onto particular classes of new trains."

Contacts:

 
 Petards Group plc                    www.petards.com 
 Raschid Abdullah, Chairman         Tel: 01483 452333 
                                     Mb: 07768 905004 
 WH Ireland Limited, Nomad and   www.wh-ireland.co.uk 
  Joint Broker 
 Mike Coe                          Tel: 0117 945 3470 
 
 
 Hybridan LLP, Joint Broker 
 Claire Louise Noyce                  Tel: 020 7947 4350 
                               claire.noyce@hybridan.com 
  William Lynne                       Tel: 020 7947 4361 
 

william.lynne@hybridan.com

This information is provided by RNS

The company news service from the London Stock Exchange

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