Cohort PLC Contract Wins (7104C)
October 21 2020 - 2:00AM
UK Regulatory
TIDMCHRT
RNS Number : 7104C
Cohort PLC
21 October 2020
21 October 2020
COHORT PLC
("Cohort" or "the Group")
CHESS DYNAMICS WINS THREE NEW CONTRACTS
Cohort plc, the independent technology group, is pleased to
announce that its subsidiary Chess Dynamics Ltd ("Chess") has been
awarded three new contracts with UK and European customers, with a
combined value of approximately GBP16 million. The three contracts
cover its Naval, Land and Custom business areas. Initial work will
commence in the Group's current financial year, and deliveries will
take place from 2021 through to 2028.
Andy Thomis, Cohort Chief Executive, said:
"These contracts further demonstrate Chess's leading
technological capability in ground based air defence, naval
surveillance and high accuracy tracking and builds its export
position. Together with other recent contract wins at Chess and
across the Group, this announcement further demonstrates the
visibility of our medium and long-term revenues."
ENDS
For further information, please contact:
Cohort plc 0118 909 0390
Andrew Thomis, Chief Executive
Simon Walther, Finance Director
Raquel McGrath, Company Secretary
Investec Bank plc 020 7597 5970
Daniel Adams / Chris Baird
MHP Communications 020 3128 8100
Reg Hoare / Pete Lambie /
Isabella Grace
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 electro-optical and
electro-mechanical systems to the defence and security markets. 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 data technology company serving the defence
and security markets, focused on electronic warfare, digital
services and training support. Acquired by Cohort in August 2006.
www.mass.co.uk
MCL designs, sources and supports advanced electronic and
surveillance technology 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 delivers products and services into the defence and
transport markets alongside performing specialist research,
training and product support. 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 headquarters in Reading,
Berkshire and employs in total around 900 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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