Petards Group PLC Contract Announcement (6756S)
November 11 2013 - 4:07AM
UK Regulatory
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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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