Cohort Regulatory News (CHRT)

COHORT PLC

("Cohort" or "the Group")

CONTRACT WIN

ELAC SONAR WINS DOMESTIC CONTRACT FOR SUPPLY OF HYDROACOUSTIC EQUIPMENT

Cohort plc, the AIM listed technology group, is pleased to announce that its German subsidiary ELAC Sonar has been awarded a contract to supply hydroacoustic equipment by Fassmer Shipyard, working on behalf of BAAINBw (the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support). The contract, worth around €4m, will see the equipment fitted in two SVK Boote vessels for the German WTD 71 (Technical Centre for Ships and Naval Weapons, Maritime Technology and Research). The contract is expected to be completed by Q4/2023.

ELAC Sonar are specialists in advanced sonar systems and were selected by the domestic customer as part of a competitive tender for the hydroacoustic equipment and associated technical services. The SVK Boote vessels will be used for military operations such as protection during the salvage of torpedos and escorting of submarines during trials in shallow waters, as well as for the deployment of autonomous underwater vehicles (AUV´s). The equipment includes ELAC's Pinger Locating Sonar (ELAC PILOS 2.0), a passive sonar used to detect and track underwater noise and signals mainly generated by sonar systems or other acoustic sources. ELAC's Underwater Communication System (ELAC UT 3000 2G) will provide analogue and digital communications for the vessels.

Bernd Szukay, Managing Director of ELAC Sonar said, "ELAC is very pleased to deliver its Pinger Locating Sonar and its Underwater Communication System to contribute to this prestigious program. Our state-of-the-art equipment will be an asset for the operators to perform their missions safely.

We are proud of the trust placed in us from both parties which underlines our commitment to deliver outstanding solutions to the Bundeswehr."

Andy Thomis, Cohort Chief Executive said, "I am delighted to confirm that we have been awarded this contract to deliver equipment to the Bundeswehr. Together with other recent wins across the Group, this contract will enhance visibility of future Group revenue."

For further information on ELAC Sonar please visit: elac-sonar.de

For further information on Cohort plc please visit cohortplc.com 

ENDS

For further information please contact:

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Chess offers surveillance, tracking and fire-control systems to the defence and security markets. A majority stake was acquired by Cohort plc in December 2018. www.chess-dynamics.com

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016. www.eid.pt

ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval marketplace. Acquired by Cohort in December 2020. www.elac-sonar.de 

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 and supports technology-based products for the defence and transport markets alongside specialist research and training services. 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 1,000 core staff there and at its main operating company sites across the UK, Germany and Portugal.

.