Business
Chess awarded contract extension
Chess awarded contract extension.
About this update from Cohort Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n One Waterside Drive\n \n \n \n \n Arlington Business Park\n \n \n \n \n Reading\n \n \n \n \n Berks\n \n \n \n \n RG7 4SW\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 22 March 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n COHORT PLC\n \n \n \n \n (\"Cohort\" or \"the Group\")\n \n \n \n \n \n \n \n \n \n Chess awarded contract extension\n \n \n \n Cohort plc, the independent technology group, is pleased to announce that its wholly owned subsidiary Chess Dynamics Ltd (\"Chess\") has been awarded an extension to its existing contract announced on 6th July 2020 to supply surveillance equipment to a European customer.\n \n \n \n \n \n The contract extension has a value of approximately £11 million, with deliveries expected to commence in the second half of the Group's 2023/24 financial year. \n \n \n \n \n \n Andrew Thomis, Chief Executive of Cohort said:\n \n \n \n \n \n \"This is good news for Chess and the Group as a whole, and is a clear demonstration of the benefits of Chess' well-proven defence technologies. This contract extension further strengthens our order book and enhances the visibility of the Group's revenues in the coming financial year and beyond.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n ENDS\n \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n Cohort plc\n \n \n \n \n 0118 909 0390\n \n \n \n \n \n \n Andy Thomis, Chief Executive\n \n \n \n \n \n \n \n \n \n \n \n \n \n Simon Walther, Finance Director\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Investec Bank Plc (NOMAD and Broker)\n \n \n \n \n 020 7597 5970\n \n \n \n \n \n \n Carlton Nelson, Christopher Baird\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MHP Communications\n \n \n \n \n 020 3128 8276\n \n \n \n \n \n \n Reg Hoare, Ollie Hoare\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n NOTES TO EDITORS \n \n \n \n \n \n \n Cohort plc (\n \n \n www.cohortplc.com\n \n \n ) is the parent company of six innovative, agile and responsive businesses based in the ...