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On June 24, 2025, Petards Group PLC announced that its subsidiary, RTS Solutions (UK), received an order for the renewal of SaaS licenses for its rail-focused software applications. This order, from a leading supplier to the UK rail industry, renews the customer's licenses for a further two years. The renewal is valued at £360,000 over the two-year period.
| Date | 24 Jun 2025 |
| Time | 07:00:10 |
| Category | Miscellaneous |
| ID | 0390O |
This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance
SaaS licensing renewal
Petards, the AIM quoted developer of advanced security, communication and surveillance systems, announces that its subsidiary, RTS Solutions (UK), has received an order for the renewal of SaaS licenses for its rail focussed software applications.
The order is from a leading supplier to the UK rail industry, and renews the customer's licenses for RTS's work, resource and asset management SaaS applications for a further two years. This renewal is worth £360,000 over the two year period, with further smaller supplementary orders for licenses and other work expected to follow.
Commenting on the award, Raschid Abdullah, Chairman of Petards Group plc said:
"We are delighted to have secured this license renewal from such a important customer and the award adds to RTS's order book and provides it with a strong core of recurring revenues for the current and following years."
Contacts:
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Petards Group plc |
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Raschid Abdullah, Chairman |
Mb: 07768 905 004 |
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Zeus, Nomad and Joint Broker |
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Mike Coe / Darshan Patel (Investment Banking) |
Tel: 020 3829 5000 |
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Hybridan LLP, Joint Broker |
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Claire Louise Noyce
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Tel: 020 3764 2341 |
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