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08 Oct 2018 | 08:32

Cohort says subsidiary SEA secures contracts with Network Rail

Technology group Cohort said Monday its subsidiary SEA had been awarded contracts worth more than £3m by Network Rail to supply and install its Metro Red Light enforcement system at selected level crossing sites. Metro Red Light had been developed by SEA to support Network Rail's drive to improve safety at level crossings.

Under these contracts SEA would deliver and install over 30 systems at selected level crossings, Cohort said.

'The Metro Red Light system is the latest member of SEA's successful Roadflow family and it builds on our experience of delivering over 750 traffic enforcement systems in the UK and overseas. This contract award, together with other recent wins, enhances the visibility of future Group revenue,' said Andy Thomis, Chief Executive of Cohort.

At 8:32am: (LON:CHRT) Cohort PLC share price was +5p at 420p

Story provided by StockMarketWire.com
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