Rail Order Win
Petards Group PLC announced that its subsidiary, Petards Joyce-Loebl, received a further order from a UK train builder to supply eyeTrain hardware for retrofitting. This order, previously mentioned in the interim results statement, increases the project's value by £0.3 million, bringing it to over £0.7 million. The post-June eyeTrain system orders now exceed £1 million. The hardware will equip vehicles with Driver Controlled Operation, forward-facing cameras, and passenger monitoring, compliant with cybersecurity regulations. Initial equipment delivery is scheduled for late 2025, with main deliveries expected in the first half of 2026, also utilizing Petards eyeBoS data-as-a-service solution.
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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 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."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.