Petards

Contract award worth in excess of £1 million

13 October 2015

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a further contract to supply Bombardier Transportation ("Bombardier") with Petards’ eyeTrain systems.|

PETARDS GROUP PLC
AIM: PEG
("Petards" or the "Group")

Contract award worth in excess of £1 million

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a further contract to supply Bombardier Transportation ("Bombardier") with Petards’ eyeTrain systems.

The new contract, which is worth in excess of £1 million, is for the supply of eyeTrain saloon and Driver Only Operation (DOO) systems which will be fitted to new four-car ELECTROSTAR Electrical Multiple Unit (EMU) trains to be built by Bombardier. Petards' deliveries are anticipated to commence during 2016 and to be substantially completed by the end of that year.

Commenting, Petards Chairman Raschid Abdullah said;

"We are delighted that Petards' eyeTrain systems continue to be the system of choice for fitment to Bombardier's ELECTROSTAR trains. This order adds to the hundreds of ELECTROSTAR vehicles for which eyeTrain systems have previously been specified and further bolsters the Group's present order book for delivery in 2016."

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