PEG.GB Petards Group Plc

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RNS Number : 9812B

Petards Group PLC

14 October 2020

14 October 2020

PETARDS GROUP PLC ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has

been awarded a contract to supply Porterbrook Maintenance Limited with Petards eyeTrain   systems. 

The new contract, which is worth in excess of GBP1.3 million, is for the supply of Petards eyeTrain systems. These will be fitted to 19 Class 769 Flex trains, which are the UK's first tri-mode trains, capable of running on overhead and third rail electric lines as well as under their own diesel power. The trains will be operated by Great Western Railway and are expected to be introduced on services running between Reading and Gatwick during 2021. Deliveries are expected to be completed during the first quarter of 2021.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards has been selected by Porterbrook and Great Western Railway to work with them on this exciting first UK tri-mode trains project. This new contract provides us with a strong start to 2021 and builds upon our order book . "

Contacts:

 
 Petards Group plc               www.petards.com 
 Raschid Abdullah, Chairman      Mb: 07768 905 004 
 
 WH Ireland Limited, Nomad and   www.wh-ireland.co.uk 
  Joint Broker 
 Mike Coe / Chris Savidge        Tel: 0207 220 1666 
 
 Hybridan LLP, Joint Broker      www.hybridan.com 
 Claire Louise Noyce             Tel: 020 3764 2341 
                                  claire.noyce@hybridan.com 
 

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October 14, 2020 02:00 ET (06:00 GMT)

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