Cohort Regulatory News (CHRT)

21 Feb 2008 07:01

Cohort PLC21 February 2008 21 February 2008 Cohort wins £9M research programme to support UK armed forces Cohort plc, a leading independent defence technical services business, ispleased to announce that one of its subsidiary companies, SEA, has been awardeda framework contract by the MoD's Defence Technology and Innovation Centre(DTIC), valued at circa £9M over three years, for the DTIC's ExpeditionaryLogistics & Support research programme. This programme is targeted at developing new techniques, processes andtechnology to support expeditionary operations by the UK armed forces. It coversan extremely broad range of capabilities from strategic mobility, theatremaritime, ground and medical sustainment. Efficient expeditionary logistics andsupport are critical to maintaining effective operations in such places asAfghanistan and Iraq. SEA's approach to managing the research programme, including open forums for thediscussion of requirements and the pull through of innovative ideas to meet themwill ensure that the DTIC gains maximum benefit from the knowledge and researchactivities of SEA and its broad team of participating companies. Nick Prest CBE, Chairman of Cohort plc, commented: "We regard this as a keyresearch programme that will benefit from SEA's ability to manage research wellacross a broad area with many interested parties. Following on the award of theFuture Dismounted Close Combat (FDCC) research programme in 2007, itdemonstrates the MOD's confidence in SEA to undertake these important researchprogrammes." For further information, please contact Cohort plc 014 9184 3150Simon Walther, Finance DirectorInvestec 020 7597 5970Michael AnsellHogarth Partnership Limited 020 7357 9477Julian Walker, Andrew Jaques, Vicky Watkins Notes to Editors: Cohort plc (www.cohortplc.com) is a technology group working primarily fordefence (air, land and sea), wider government and industry clients, throughthree market-facing subsidiary companies: • MASS (www.mass.co.uk) - a specialist defence and aerospace systems developer focused mainly on Electronic Warfare, Information Systems, Managed Services and Secure Communications. Acquired by Cohort in August 2006 for an initial consideration of £12.5m. • SCS (www.scs-ltd.co.uk) - primarily an independent defence consultancy, combining technical expertise with practical experience and domain knowledge. • SEA (www.sea.co.uk) - an advanced surveillance systems and software house with hardware development capability operating in the defence, space, transport and offshore market sectors. Acquired by Cohort in October 2007 for an initial consideration of £20.7m. Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market inMarch 2006. It has its headquarters in Oxfordshire and, through its operatingcompanies, employs in total around 450 staff there and at bases in Bristol,Cambridgeshire, Oxfordshire, Lincolnshire and Somerset. This information is provided by RNS The company news service from the London Stock Exchange