Member Article

Petards secure multi-million euro Hitachi contract

Petards, the Team Valley-based suppliers of security systems has secured a multi-million euro framework contract to build systems for Hitachi trains.

The firm will supply passenger counting systems for the Class 800 series trains for the Intercity Express Programme (IEP).

The initial “Call Off” contract is for the Great Western Main Line, the value of which is in excess of €1.1m, will be supplied over the next 3 years.

Petards’ chairman Raschid Abdullah said; “The board of Petards is delighted to have established a supply relationship for its products to a new train customer. Hitachi has demonstrated significant commitment to the UK Rail Sector with its significant investment in the North East in new train building.

“While the majority of the order will not be fulfilled until 2015 and 2016 the longer term nature of orders from new build train manufacturers provides visibility for future earnings and the ability to forge enduring relationships with them.

“We look forward to working closely with Hitachi in this important project to provide high speed trains for the Great Western IEP network and the East Coast IEP network and further to developing a long term relationship with them.”

This was posted in Bdaily's Members' News section by Tom Keighley .