Pennant International Group plc (LON:PEN), the IPS software and services company, has reported further progress as it implements its new business model, with the following new orders secured :
- a contract on an Australian defence programme, to supply software solutions and technical services worth AUD$5.2 million over five years;
- an upgrade on an existing Australian contract to provide specialist facilities and services worth AUD$1.2 million over five years;
- a £250,000 perpetual software licence to a European defence department;
- a contract for technical railway mapping services in the UK, worth circa £130,000 this year.
The 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.
GenS 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.
Phil 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.”
Pennant International Group plc, together with its subsidiaries, provides integrated training and support solutions, products, and services in the United Kingdom, rest of Europe, North America, and Australia. It offers generic trainers, such as generic fastener installation, hand skill, stores loading, and flying controls trainers; basic helicopter maintenance trainers; hydraulic system principles trainers; integrated avionics maintenance trainers; crew escape and safety trainers; and engine starting system trainers, as well as wiring boards.
The company also provides virtual reality (VR) solutions, including virtual loadmaster and parachute training systems; virtual reality shunter trainers; and synthetic environment cargo compartment and procedural trainers. In addition, it offers engineered solutions, as well as emulation and simulation solutions comprising basic principles switching simulators, virtual aircraft training systems, and avionics and electrical system emulators.
Further, the company provides technical training services and support; and studio services, including 2D and 3D design, VR media development, film and media production, E-learning and CBT, illustration, authoring, copywriting, and translation. Additionally, it offers track access portal, railway survey, signal sighting, rail simulation, and driver training products and services; and integrated product support/integrated logistic support software and services. The company serves the defense, rail, aerospace, and naval sectors, as well as government departments. Pennant the company was founded in 1958 and is based in Cheltenham, the United Kingdom.
