Petards Regulatory News (PEG)

19 July 2012

Petards Group plc ("Petards")

Contract win

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has secured a multi-million pound contract to supply Petards eyeTrain on-board digital CCTV systems.

The order, worth in the region of £8m, will be fulfilled and supported from Petards facility in Gateshead. Initial equipment deliveries are expected to commence later this year and to be completed by 2017. The highest proportion of equipment deliveries are scheduled to take place from 2014 onwards.

Commenting on the award, Petards Chairman Tim Wightman said "We are delighted to have been selected for this work and look forward to working with this new customer to bring this project to a successful conclusion."

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