23 August 2024
PETARDS GROUP PLC
("Petards" or the
"Group")
Contract Win
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."
This announcement includes inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Contacts:
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Petards Group plc
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www.petards.com
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Raschid Abdullah, Chairman
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Mb: 07768 905 004
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Zeus
Capital Limited, Nomad and Joint Broker
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Mike Coe /
Sarah Mather
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Tel: 020 3829 5000
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Hybridan LLP, Joint Broker
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www.hybridan.com
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Claire Louise Noyce
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Tel: 020 3764 2341
claire.noyce@hybridan.com
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Notes to editors:
Petards Rail supports its customers
in maximising passenger safety and optimising train and rail
service performance levels through its in-house designed technology
that includes Automatic Selective Door Operation, Driver Controlled
Operation systems, on-train passenger camera monitoring systems,
forward and rear facing cameras, track debris cameras, and
pantograph surveillance systems.
eyeTrain Connect, Petards back-office
software system, provides real-time, accurate analysis rail
vehicles and on-board equipment, including status, usage and
condition data on a train-by-train level. It allows train operators
to monitor and analyse train status, condition, and positional data
in real-time to reduce service delays and the risk and impact of
incidents. It enables interrogation of historical data to identify
trends, analyse incidents and make informed decisions regarding
rail fleet performance.
Petards have developed its PTeye
solution incorporating the latest in AI-ready technology, to
prevent passenger "trap and drag" incidents before train
dispatch.
These systems will be exhibited on
Petards stand at Innotrans, the International Trade Fair for
Transport Technology, being held in Berlin 24 to 27 September 2024:
Stand G-460 Hall 2.2.
https://petardsrailsolutions.com/