The developer of advanced security and surveillance systems announced this week that it had been awarded a multi-year contract renewal for the provision of software licences, maintenance, and support services to Network Rail, in respect of its real time failure and incident management system that supports the UK's national rail infrastructure. The contract value is c. £1.3m in total. This is worth over £250k of high quality annual recurring revenue to Petards for five years.
02 Jul 2018
£1.3m contract extension for recent acquisition RTS
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£1.3m contract extension for recent acquisition RTS
Petards Group plc (PEG:LON) | 7.8 0 0.0% | Mkt Cap: 4.38m
- Published:
02 Jul 2018 -
Author:
Derren Nathan -
Pages:
7
The developer of advanced security and surveillance systems announced this week that it had been awarded a multi-year contract renewal for the provision of software licences, maintenance, and support services to Network Rail, in respect of its real time failure and incident management system that supports the UK's national rail infrastructure. The contract value is c. £1.3m in total. This is worth over £250k of high quality annual recurring revenue to Petards for five years.