Cohort PLC Contract Win (6357V)

TIDMCHRT

RNS Number : 6357V

Cohort PLC

05 December 2023

 
 One Waterside Drive 
  Arlington Business Park 
  Reading 
  Berks 
  RG7 4SW 
 
 
  05 December 2023

COHORT PLC

("Cohort", "the Company" or "the Group")

Contract Win

ELAC Sonar GmbH ("ELAC") awarded EUR16 million contract by Italian customer

Cohort, the AIM-listed independent technology group, announces that its German subsidiary ELAC has been awarded a 60-month follow-on contract with a value of EUR16 million. Under the contract, ELAC will deliver the sonar system for an additional unit of a new build submarine program for the Italian Navy. This is the third unit of the overall program, with ELAC also supplying the sonar systems for the first two units.

Andy Thomis, Cohort Chief Executive, said:

"This important order confirms ELAC Sonar's position as a world-leading provider of submarine sonar systems. ELAC's cutting-edge technology for passive sonar systems significantly improves detection accuracy and allows for multi-functional operator stations to execute various sonar applications aboard the submarines. Together with other recent wins across the Group, this contract further underpins our order book and enhances the visibility of future revenues."

ENDS

For further information please contact:

 
 Cohort plc                                          0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance Director 
 Emily McBride, Group Head of Marketing and 
  Corporate Communications 
 Raquel McGrath, Company Secretary 
 
 Investec Bank Plc (NOMAD and Broker)                020 7597 5970 
 Carlton Nelson, Christopher Baird 
 
 MHP (PR)                                            020 3128 8276 
 Reg Hoare, Ollie Hoare, Hugo Harris           cohort@mhpgroup.com

NOTES TO EDITORS

Cohort plc ( www.cohortplc.com ) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total over 1,200 core staff there and at its other operating company sites across the UK, Germany, and Portugal.

The group is split into two segments - Communications and Intelligence, and Sensors and Effectors:

Communications and Intelligence

-- EID designs and manufactures advanced communications systems for naval and military customers. Cohort

acquired a majority stake in June 2016.   www.eid.pt

-- MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services, and training support. Acquired by Cohort in August 2006. www.mass.co.uk

-- MCL designs, sources, and supports advanced electronic and surveillance technology for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

Sensors and Effectors

-- Chess Dynamics offers surveillance, tracking and fire-control systems to the defence and security markets. Chess has been part of the Group since December 2018. www.chess-dynamics.com

-- ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the

naval marketplace.  Acquired by Cohort in December 2020.   www.elac-sonar.de

-- SEA delivers and supports technology-based products for the defence and transport markets alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

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END

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December 05, 2023 02:00 ET (07:00 GMT)

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