Pennant International Group PLC Business Update: New Contract Wins (4627C)
13 Junho 2023 - 3:00AM
UK Regulatory
TIDMPEN
RNS Number : 4627C
Pennant International Group PLC
13 June 2023
13 June 2023
PENNANT INTERNATIONAL GROUP PLC
Business Update: New Contract Wins
Pennant International Group plc (AIM:PEN), the IPS software and
services company, is pleased to report further progress as it
implements its new business model, with the following new orders
secured :
-- a contract on an Australian defence programme, to supply
software solutions and technical services worth AUD$5.2 million
over five years;
-- an upgrade on an existing Australian contract to provide
specialist facilities and services worth AUD$1.2 million over five
years;
-- a GBP250,000 perpetual software licence to a European defence department;
-- a contract for technical railway mapping services in the UK,
worth circa GBP130,000 this year.
The first order is particularly significant as it represents the
first sale of Pennant's new GenS software, which will be fully
launched to market in early 2024.
GenS is the successor product to OmegaPS and is the next
generation of Integrated Product Support software - a Windows
application, hosted on premise or via the cloud, deployable on
laptops or tablets, and which enables the seamless management of
equipment data across complex programmes.
Phil Walker, Group CEO commented: "These new contract wins
demonstrate that recent momentum has been maintained in building
our new business model. It is especially pleasing to secure the
first sale of the new GenS solution."
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
Enquiries:
Pennant International Group www.pennantplc.co.uk
plc
Philip Walker, CEO
David Clements, Commercial &
Risk Director
Michael Brinson, CFO +44 (0) 1452 714 914
WH Ireland Limited (Nomad and https://www.whirelandplc.com/capital-markets
Broker)
Mike Coe / Sarah Mather (Corporate
Finance) +44 (0) 20 7220 1666
Fraser Marshall / George Krokos
(Sales)
Walbrook PR (Financial PR) pennant@walbrookpr.com
Paul Vann +44 (0)20 7933 8780
Joe Walker Mob: +44 (0)7768 807631
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END
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(END) Dow Jones Newswires
June 13, 2023 02:00 ET (06:00 GMT)
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