Contract Win
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Petards, the AIM quoted developer of advanced security, communication and surveillance systems, announces that its subsidiary, Petards Joyce-Loebl (PJL), has received orders worth in excess of £0.5 million to supply a UK train builder with Petards eyeTrain systems.
The orders are for the supply Petards eyeTrain forward facing and track debris camera systems to enhance the video and data collection capability of additional trains within an existing fleet. This is forms part of an extension to a significant upgrade programme undertaken by one of the UK's leading rolling stock owners.
Activities will commence with a preliminary equipment supply scheduled for late 2024 and the main deliveries anticipated to be completed during the first half of 2025.
Raschid Abdullah, Chairman of Petards Group plc said:
"We are delighted to be awarded this contract and that Petards Rail's well proven advanced digital technology products have again been selected to enhance the operational capabilities of longstanding customer's UK fleet.
Our experienced team look forward to exhibiting in September at Innotrans, the International Trade Fair for Transport Technology, and to welcoming both existing and new customers to demonstrate our range of existing and future products."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.