24th Oct 2013 08:35
LONDON (Alliance News) - AIM-listed Petards Group PLC Thursday said it had won another contract to install its CCTV system on trains, this time on 46 new Alstom trains being built for the Greater Stockholm Local Transport SL in Sweden.
The latest win comes after it earlier this month won a contract worth over GBP1.75 million to provide on-board digital CCTV systems for Electrostar trains being made by Bombardier for Southern Railway in the UK, and in September won a multi-million euro contract with Hitachi Rail Europe Ltd to supply passenger counting systems for new intercity trains for the Great Western Main Line.
It didn't give any financial details for the latest contract win.
Petards already has analogue CCTV systems on older trains run by the Stockholm transit provider and said the new systems will be fully inter-operable with the older ones.
Petards shares were up 14.3% at 12 pence Thursday morning, one of the biggest gains on AIM.
By Steve McGrath; [email protected]; @stevemcgrath1
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