Petards wins £4.3m contract with Stadler Bussnang AG

Software developer of advanced security and surveillance systems company Petards has won a contract worth £4.3m to supply Stadler Bussnang AG with its eyeTrain CCTV and Automatic Selective Door Opening (ASDO) systems.

The AIM-traded company said the contract was for the design, development and supply of CCTV and ASDO systems integrated into Stadler's FLIRTUK trains.

It added that engineering activities would commence immediately with the first equipment deliveries starting in June 2017. Petards said it expected the project would be completed during Q2 2019.

Petards said the equipment would provide the trains and the driver with enhanced capability in the areas of security and surveillance through CCTV coverage of both the internal and external of saloon areas combined with pantograph, forward facing and track debris monitoring systems integrated with our video management software.

"Additionally, the ASDO system delivers improved passenger operations at stations where the platforms are shorter than the trains."

At 11:32 GMT, shares in Petards were up 14.04% to 32.5p each.