Gateshead firm Petards secures Siemens deal

Security specialists Petards have signed a five-year deal worth in excess of £1.5m with Siemens, the firm has announced

The Gateshead-based firm has signed a framework agreement to supply Siemens Sector Infrastructure and Cities, Rail Systems Division with train-related products and services.

The Agreement is for an initial five year term, covering the world-wide Siemens business, and it has also secured its first order to supply the global company with Petards eyeTrain on-board digital CCTV systems for the new super high-speed Velaro type trains which Siemens are building for the Turkish State Railway.

The order, worth more than £1.5m, will be carried out from Petards’ facility in Gateshead and engineering work has already started. Equipment deliveries are expected to start in the second half of this year and are due to be completed by the end of 2015.

Petards Chairman Raschid Abdullah said “We are delighted to have entered into this framework agreement with Siemens which is another major milestone in our strategic relationship with Siemens.

“The order for the Velaro high speed trains is the second significant project that Petards has been awarded by Siemens, following on from the award of the Thameslink Project and positions the company well in this growing sector.”

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