Cohort Regulatory News (CHRT)

15 Jan 2008 07:00

Cohort PLC15 January 2008 15 January 2008 COHORT PLC SEA awarded over £5.5M TfL and Network Rail contracts Cohort plc, a leading independent technical services business, is pleased toannounce that its subsidiary company, SEA Group, has been awarded contracts fromTransport for London (TfL) and Network Rail with a combined value in excess of£5.5 million. TfL's 4-year Framework contract (initially valued at over £3.5M) is for thedesign, development, roll-out and operation of a new Digital Traffic EnforcementSystem (DTES). DTES will replace TfL's current analogue traffic enforcementsystem and reduce the cost of collecting, processing and storing evidence of buslane, parking and red route infringements, whilst improving the quality andreliability of future enforcement operations. With the introduction of theTraffic Management Act (2004) concerning the decriminalisation of moving trafficoffences, (due to become law in Spring 2008), there is the potential fordeployment of the DTES technology by other Local Authorities around the country. The Network Rail contracts (circa £2M) are for a Signal Sighting Asset DataStore (SSADS) and the automation of Signallers Forms (SF). SSADS will enableNetwork Rail to improve the management of signal assets condition assessmentsand the planning of signalling renewals. SF will provide Network Rail with amore effective means of capturing, storing and disseminating information betweenSignallers and other Operational third parties. Both contracts will run for aperiod of 12 months. Nick Prest CBE, Chairman of Cohort plc, commented: "This is a good start to2008. We are delighted to have been awarded these important contracts from twosuch prestigious clients. They consolidate our position and provide an excellentbasis for further opportunities and developments within the Transport market." For further information, please contact Cohort plc 01491 843150 Stanley Carter, Chief Executive Simon Walther, Finance Director Investec 020 7597 5970 Michael Ansell Hogarth Partnership Limited 020 7357 9477 Julian Walker, Andrew Jaques, Vicky Watkins NOTES TO EDITORS Cohort plc (www.cohortplc.com) Cohort is a defence technical services group. It operates through threewholly-owned subsidiaries, MASS Consultants ("MASS"), Systems ConsultantsServices ("SCS") and SEA Group ("SEA") , all of which are leading independentservice providers, working for defence (air, land and sea), wider government andindustry clients. • MASS (www.mass.co.uk) was acquired by Cohort in August 2006 for an initial consideration of £12.5m and is an independent UK Systems House focused on the defence and aerospace markets. MASS offers specialist skills in four main business areas: Managed Services, Electronic Warfare, Secure Communications and Information Systems. • SCS (www.scs-ltd.co.uk), Cohort's original operating company, provides independent consultancy support, which combines technical expertise with practical experience and domain knowledge, primarily but not exclusively to the defence sector. • SEA (www.sea.co.uk) is an independent systems engineering and software company operating primarily in the defence sector, but with three other divisions focused on the space, transport and offshore arenas. SEA was acquired by Cohort on 31 October 2007 for an initial consideration of £20.7m. Cohort was specifically established to capitalise on consolidation and organicgrowth opportunities in the defence technical services market and was admittedto trading on AIM on 8 March 2006. This information is provided by RNS The company news service from the London Stock Exchange