Business
Business Update: New Contract Wins
Business Update: New Contract Wins.
About this update from Pennant International Group Plc
[{"type":"text","content":"\n\n \n \n 13 June 2023\n\n \nPENNANT INTERNATIONAL GROUP PLC\n \nBusiness Update: New Contract Wins\n \n \nPennant International Group plc (AIM:PEN), the IPS software and services company, is pleased to report further progress as it implements its new business model, with the following new orders secured :\n \n· a contract on an Australian defence programme, to supply software solutions and technical services worth AUD$5.2 million over five years;\n \n· an upgrade on an existing Australian contract to provide specialist facilities and services worth AUD$1.2 million over five years;\n \n· a £250,000 perpetual software licence to a European defence department;\n \n· a contract for technical railway mapping services in the UK, worth circa £130,000 this year.\n \nThe first order is particularly significant as it represents the first sale of Pennant's new GenS software, which will be fully launched to market in early 2024.\n \nGenS is the successor product to OmegaPS and is the next generation of Integrated Product Support software - a Windows application, hosted on premise or via the cloud, deployable on laptops or tablets, and which enables the seamless management of equipment data across complex programmes. \n \nPhil Walker, Group CEO commented: \"These new contract wins demonstrate that recent momentum has been maintained in building our new business model. It is especially pleasing to secure the first sale of the new GenS solution.\" \n \n...