Cohort PLC Contract Announcement (0532S)
July 06 2020 - 2:00AM
UK Regulatory
TIDMCHRT
RNS Number : 0532S
Cohort PLC
06 July 2020
6 July 2020
CONTRACT ANNOUNCEMENT
CHESS DYNAMICS WINS SURVEILLANCE EQUIPMENT CONTRACT
Cohort plc, the independent technology group, is pleased to
announce that its wholly owned subsidiary Chess Dynamics Ltd
("Chess") has been awarded a two-year contract to supply
surveillance equipment to a Northern European customer. The
contract has a value of approximately GBP20 million, with
deliveries expected to commence in the second half of the Group's
2021 financial year.
Andy Thomis, Cohort Chief Executive, said:
"This contract further demonstrates Chess's technological
leadership and ability to serve a diverse range of global
customers. Together with other recent contract wins across the
Group, this announcement further demonstrates the visibility of our
medium-term revenues."
- Ends -
For further information, please contact:
Cohort plc 0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc 020 7597 5970
Chris Baird / Daniel Adams
MHP Communications 020 3128 8591
Reg Hoare / Pete Lambie / Alice cohort@mhpc.com
McLaren
NOTES TO EDITORS
Cohort plc ( www.cohortplc.com ) is the parent company of five
innovative, agile and responsive businesses based in the UK and
Portugal, providing a wide range of services and products for
domestic and export customers in defence and related markets.
Chess Technologies, through its operating businesses Chess
Dynamics and Vision4ce, offers systems and technologies for
detecting, tracking, classifying and disrupting naval, land and air
threats. It was acquired by Cohort plc in December 2018.
www.chess-dynamics.com & www.vision4ce.com
EID designs and manufactures advanced communications systems for
the defence and security markets. Cohort acquired a majority stake
in June 2016. www.eid.pt
MASS is a specialist defence and technology business, focused on
electronic warfare, information systems and cyber security.
Acquired by Cohort in August 2006. www.mass.co.uk
MCL - an expert in sourcing, design and integration of
communications and surveillance technology, as well as support and
training for UK end users including the MOD and other government
agencies. MCL has been part of the Group since July 2014.
www.marlboroughcomms.com
SEA is an advanced electronic systems and software house
operating in the defence, transport and offshore energy markets.
Acquired by Cohort in October 2007. www.sea.co.uk
Cohort (AIM: CHRT) was admitted to London's Alternative
Investment Market in March 2006. It has its headquarters in
Reading, Berkshire and employs in total around 950 core staff there
and at its other operating company sites across the UK and in
Portugal.
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END
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