Petards Group PLC Contract Win (0437Q)

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RNS Number : 0437Q

Petards Group PLC

09 October 2013

9 October 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 secured a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain on-board digital CCTV systems for Bombardier Electrostar Electrical Multiple Unit (EMU) trains.

Petards eyeTrain saloon and Driver Only Operation (DOO) CCTV systems have been selected by Bombardier to be fitted to the 116 new Bombardier Electrostar EMU vehicles that they are building for Southern Railway which will initially operate on the Thameslink route before being cascaded onto newly electrified routes. The order is worth over GBP1.75 million and deliveries are expected to commence and be completed during 2014.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"We are delighted to have secured this contract and look forward to working with Bombardier to deliver a world class solution on this important project which we anticipate will make a significant contribution to our revenues in 2014.

While we work closely with Bombardier on many projects it is pleasing that we are again supplying equipment onto one of their prestigious new build train programmes."

Contacts:

 
 Petards Group plc            www.petards.com 
 Raschid Abdullah, Chairman   Tel: 01483 452333 
                              Mb: 07768 905004 
 WH Ireland Limited           www.wh-ireland.co.uk 
 Mike Coe                     Tel: 0117 945 3470

This information is provided by RNS

The company news service from the London Stock Exchange

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