Petards

Contract Win

31 October 2016

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has secured an additional framework contract and two “Call Off” contracts with Hitachi Rail Europe Limited (Hitachi) for Petards to supply Automatic Passenger Counting Systems.|

PETARDS GROUP PLC ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has secured an additional framework contract and two “Call Off” contracts with Hitachi Rail Europe Limited (Hitachi) for Petards to supply Automatic Passenger Counting Systems.

The new "Call Off" contracts are for the East Coast Main Line as part of the Intercity Express Programme and the Great Western Railway West of England service, the value of which are in excess of €1.2m and will be supplied over the next 3 years.

Commenting on the award, Petards Chairman Raschid Abdullah said;

"The board of Petards is delighted that we continue to develop our long term relationship with Hitachi. These two exciting projects further enhance our position as a leading supplier to the rail industry and strengthen the Group’s present order book for delivery in 2017, 2018 and into 2019.”

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