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Share Price: 7.75

Bid: 7.50

Ask: 8.00

Change: 0.00 (0.00%)

Spread: 0.50 (6.667%)

Open: 7.75

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Petards To Supply EyeTrain Systems Under New Deal With Bombardier

Mon, 07th Oct 2019 09:34

(Alliance News) - Petards Group PLC on Monday said it has been awarded a GBP1.3 million worth contract to supply Bombardier Transportation with its eyeTrain systems.

The security software developer said it will supply Petards eyeTrain systems to be fitted to Bombardier Electrostar electrical multiple unit trains as part of an upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway.

The upgrade will further enhance the Electrostar's video and data collection capability through the addition of the Petards eyeTrain forward facing CCTV, track debris camera, and digital video recording systems, Petards said.

Activities will commence immediately with the first equipment deliveries starting early 2020, Petards said, and it is expected that the deliveries will be completed in 2021.

"We are delighted that Petards' eyeTrain systems continue to be the system of choice for fitment to Bombardier's trains," said Chair Raschid Abdullah.

"Additionally it further bolsters the group's present order book for delivery in 2020 through to 2021," added Abdullah.

Petards shares were untraded in London on Monday morning, last closing at 14.31 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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Petards To Supply EyeTrain Systems Under New Deal With Bombardier

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