Petards Regulatory News (PEG)

27 October 2025

PETARDS GROUP PLC

 ("Petards" or the "Group")

Rail Order Win

Petards, the AIM quoted developer of advanced security, communication and surveillance systems, announces that its subsidiary, Petards Joyce-Loebl (PJL), has received a further order from a UK train builder to supply Petards eyeTrain hardware to be retrofitted to an existing fleet.

This expected order was referred to in the Chairman's interim results statement of 18 September 2025 and accompanies the post June 2025 order received for the related engineering activities reported at that time. This project's value has now risen by £0.3 million to over £0.7 million and increases post June eyeTrain system orders to over £1 million.

The system hardware is to be retrofitted to a small number of vehicles providing them with the latest Driver Controlled Operation (DCO), forward facing and on-train passenger camera monitoring capability, compliant with the latest international cyber security regulations and rail industry best practice. The project will also utilise Petards eyeBoS data-as-a-service solution.

An initial equipment delivery is scheduled for late 2025 with the main deliveries anticipated to be completed during the first half of 2026.

Raschid Abdullah, Chairman of Petards Group plc said:

"We are delighted to be awarded this project and that Petards Rail's advanced digital technology products have again been selected to enhance the operational capabilities of train fleets operating in the UK.

"This class of train has not previously been fitted with Petards eyeTrain systems and our customer is investing in the engineering required for it to benefit from eyeTrain capability and we anticipate that additional future orders will be placed for fitment to other UK fleets of the same train class."

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Contacts:

Notes to editors:

Petards Rail supports its customers in maximising passenger safety and optimising train and rail service performance levels through its in-house designed technology that includes Automatic Selective Door Operation, Driver Controlled Operation systems, on-train passenger camera monitoring systems, forward and rear facing cameras, track debris cameras, and pantograph surveillance systems.

eyeTrain Connect, Petards back-office software system, provides real-time, accurate analysis rail vehicles and on-board equipment, including status, usage and condition data on a train-by-train level. It allows train operators to monitor and analyse train status, condition, and positional data in real-time to reduce service delays and the risk and impact of incidents. It enables interrogation of historical data to identify trends, analyse incidents and make informed decisions regarding rail fleet performance.

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