Petards Group Gets GBP1.5 Million eyeTrain Order from Siemens
March 03 2015 - 4:30AM
Dow Jones News
LONDON--Petards Group PLC (PEG.LN) said Tuesday it has received
an order worth more than 1.5 million pounds ($2.32 million) to
supply Siemens mobility division with Petards eyeTrain
products.
The AIM-quoted developer of advanced security and surveillance
systems said engineering activities will start immediately with the
first equipment deliveries expected in the latter part of this
year.
It is anticipated that the majority of the equipment will be
delivered in 2016 and that the project will be completed during
2017, Petards said.
Shares at 0815 GMT up 1 pence, or 4.12%, at 13 pence valuing the
company at GBP4 million.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
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