Security technology specialist Petards has secured a £1.5m contract extension to supply train makers Bombardier with on-board CCTV systems.
The Team Valley-based firm is producing its eyeTrain system – which comprises recorded digital camera equipment – for use on Bombardier Electrostar Electrical Multiple Unit (EMU) trains.
This latest contract builds on an agreement from October 2013, and will see Petards provide additional sets of the equipment already being supplied to Bombardier.
It means Petards’ technology will be in use on trains bound for Govia Thameslink Railway’s Gatwick Express route.
In September Petards said a deal to supply eyeTrain for carriages to be used on the Turkish State Railway had helped to move the firm back into profit in the first half of the year.
Deliveries from the new contract are expected to begin in the first half of 2015, finishing later in the year.
Petards’ chairman Raschid Abdullah said: “We are pleased that Bombardier has again selected Petards technology to incorporate onto these new Class 387/2 Bombardier Electrostar trains and we look forward to working closely with them on this project.
“We believe that this contract award is another example of the growth opportunity available to enable Petards to develop its business in this exciting market sector.”
In an update to shareholders earlier this year Petards said pre-tax profits had risen to £237,000 in the six months to the end of June, from a pre-tax loss of £338,000 in the same period last year.
Petards nearly doubled revenues from £3.57m to £7.16m in the same period, driven by contract wins with the Ministry of Defence and Emergency Services.