Last checked at 3 Mar 2016 08:45
3 March 2016
Petards Group plc
("Petards" or "the Company")
Contract Award
Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a £0.8 million contract from the UK Ministry of Defence ("MOD") for the provision of communications equipment and related services.
Petards has a long established reputation as a supplier of radio communications equipment together with related engineering services to the MOD and the award of this new £0.8 million project covers the delivery of radio equipment and engineering support services, a good proportion which is expected to be delivered during the first half of 2016.
Commenting, Raschid Abdullah, Petards Chairman said: "Petards is very proud of its long established relationship with the MOD in this field and we believe that our consistently high levels of customer service together with our longstanding accreditations and expertise in supporting the MOD has again been recognised through the award of this contract."
Petards expects to announce its preliminary results for the year ended 31 December 2015 on 15 March 2016.
**ENDS**
For further information:
Petards Group plc | www.petards.com |
Raschid Abdullah, Chairman | Mb: 07768 905 004 |
WH Ireland Limited, Nomad and Joint Broker | www.wh-ireland.co.uk |
Mike Coe, Ed Allsopp | Tel: 0117 945 3470 |
Hybridan LLP, Joint Broker | www.hybridan.com |
Claire Louise Noyce | Tel: 020 3764 2341 claire.noyce@hybridan.com |
Notes
Petards is a cash generative global supplier of products to original equipment manufacturers ('OEMs'), system integrators and end users in the rail, security and defence markets in new build, refurbishment and retrofit applications. The Company delivers ruggedised electronic solutions including video and sensor data surveillance, radio communications and threat simulation systems on mobile platforms. Petards offers a range of services, supporting its own and third party systems, spanning custom development, manufacturing, commissioning, maintenance and obsolescence management. Further information on its three product areas is included below:
Transport
Petards' market-leading eyeTrain technology provides leading edge products for on-board train video and sensing solutions, including Driver Only Operation Systems, Passenger Counting Systems, Saloon and Drivers View Video and Condition Based Monitoring. These systems have been chosen for installation on thousands of rail vehicles around the globe, helping to reduce operating costs, increase safety and improve passenger satisfaction.
Emergency Services
Petards' ProVida is one of the world's leading in-car police speed detection, surveillance and ANPR (Automatic Number Plate Recognition) brands, comprising four components: In-Car Video, Speed Enforcement, ANPR Systems and ANPR cameras. As well as Petards' systems being used by many of the UK's police forces, the brand has stretched to over 20 countries.
Defence
Petards provide a range of specialist engineering services to the defence sector. The Company has established a strong reputation for being a responsive, flexible and reliable partner in delivering challenging military programmes. Petards excels in the disciplines of Communications and Information Systems, Electronic Countermeasure Systems, Ruggedised Electronic Control Systems and in the provision of Engineering Services to UK MoD and other NATO countries.