Petards

Contract Award

13 June 2012

Petards, the AIM quoted listed developer of advanced security and surveillance systems, announces that the Ministry of Defence (MOD) has exercised its option to extend the Group's existing enabling contract to supply the MOD with private mobile radio equipment, ancillaries and engineering services.|

Petards, the AIM quoted listed developer of advanced security and surveillance systems, announces that the Ministry of Defence (MOD) has exercised its option to extend the Group's existing enabling contract to supply the MOD with private mobile radio equipment, ancillaries and engineering services.

Annual revenues arising from the contract are anticipated to be in excess of £1m over the contract term which now runs until September 2014. As well as supplying commercially available equipment, the contract also utilises Petards design engineering skills to identify and supply solutions to complex military communications requirements.

Commenting on the award Petards Group Finance Director Andy Wonnacott said "We are very pleased that MOD has confirmed the extension of this contract which we believe demonstrates MOD's satisfaction with the high level of customer service and experience that Petards provides in supporting their requirements."

In addition the Company can confirm that the notice convening the Company's Annual General Meeting and the Company's Annual Report and Accounts for the period ended 31 December 2011 have been dispatched to shareholders. The Company's Annual Report and Accounts and the Notice of its Annual General Meeting are available on the Company's website: www.petards.com.

 Download RNS Announcement

The information contained in this part of our website is being disclosed in accordance with Rule 26 of the AIM Rules.