Petards Group PLC Contract Award (0807K)
April 14 2015 - 2:00AM
UK Regulatory
TIDMPEG
RNS Number : 0807K
Petards Group PLC
14 April 2015
Petards Group plc / Index: AIM / Epic: PEG / Sector: Support
Services
14 April 2015
Petards Group plc
("Petards" or "the Company")
Contract Award
Petards, the AIM quoted developer of advanced security and
surveillance systems, announces that it has been awarded a GBP0.6
million contract by a major UK defence systems contractor to
provide test equipment for use on a UK Ministry of Defence ("MOD")
programme.
The contract is for the design, manufacture and supply of
equipment that will form part of a Defensive Aids Suite system
integration test rig that will enable the customer to carry out
verification of electronic countermeasure configurations prior to
their installation on aircraft. Most of the equipment is expected
to be delivered in the second half of 2015 and the project is
expected to be completed early in 2016.
Commenting, Raschid Abdullah, Petards Chairman said: "Petards
has established a market leading position in this aspect of
electronic countermeasures in the UK and we are very pleased to
have secured this contract, which will enhance the test
capabilities of our customer and add to the services it is able to
provide to the MOD."
**ENDS**
For further information:
Petards Group plc www.petards.com
Raschid Abdullah, Chairman Mb: 07768 905 004
Andy Wonnacott, Finance Tel: 0191 420 3000
Director
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 3713 4581
claire.noyce@hybridan.com
St Brides Partners Ltd www.stbridespartners.co.uk
Elisabeth Cowell, Charlotte Tel: 020 7236 1177
Heap
Notes
Petards is a cash generative global supplier of products to
original equipment manufacturers ('OEMs'), system integrators and
end users in the rail, security and defence markets in new build,
refurbishment and retrofit applications. The Company delivers
ruggedised electronic solutions including video and sensor data
surveillance, radio communications and threat simulation systems on
mobile platforms. Petards offers a range of services, supporting
its own and third party systems, spanning custom development,
manufacturing, commissioning, maintenance and obsolescence
management. Further information on its three product areas is
included below:
Transport
Petards' market-leading eyeTrain technology provides leading
edge products for on-board train video and sensing solutions,
including Driver Only Operation Systems, Passenger Counting
Systems, Saloon and Drivers View Video and Condition Based
Monitoring. These systems have been chosen for installation on
thousands of rail vehicles around the globe, helping to reduce
operating costs, increase safety and improve passenger
satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police
speed detection, surveillance and ANPR (Automatic Number Plate
Recognition) brands, comprising four components: In-Car Video,
Speed Enforcement, ANPR Systems and ANPR cameras. As well as
Petards' systems being used by many of the UK's police forces, the
brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to
the defence sector. The Company has established a strong reputation
for being a responsive, flexible and reliable partner in delivering
challenging military programmes. Petards excels in the disciplines
of Communications and Information Systems, Electronic
Countermeasure Systems, Ruggedised Electronic Control Systems and
in the provision of Engineering Services to UK MoD and other NATO
countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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