Pennant International Regulatory News (PEN)

30 January 2018

Pennant International Group plc: 

CELEBRATING 60 YEARS OF GROWTH AND INNOVATION

1958 - 2018

Pennant International Group plc ("Pennant" or the "Group"), the AIM quoted supplier of integrated training and support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, will be 60 years old on 25 February, 2018.

Over the past six decades it has evolved, from modest beginnings, into a market-leading technology-led business with a truly global customer base. It has come a long way since its founder, John Williams commenced developing animated displays using a patented light system, the forerunners of today's sophisticated software training systems. Following on from these beginnings, capabilities were extended to include the manufacture of specially designed scaled models, where early projects included collaboration with Sir Christopher Cockerell to produce prototype designs of the world's first Hovercraft. In 1965, Brian Crawford and David Henderson joined the Company and introduced new technology which opened up the markets of education and training.

This resulted in substantial growth for the business, with increased demand for procedural and maintenance trainers for civil and military equipment. The Company continued to expand its technical capabilities, embracing technological advances by taking on larger programmes and producing ever more sophisticated training aids as well as expanding its product offerings still further to include Omega PS LSAR software.

The Company's flotation on the London Stock Exchange in March 1998 not only provided much easier access to capital to finance further growth but also a considerably greater public profile which in turn helped to open the doors to a number of government, defence and international markets and facilitate further significant expansion.

Today, the Group is recognised as one of the world's leading suppliers of integrated training and support systems, products and services.

Commenting on this major milestone for Pennant and also looking ahead to its continued growth and development, Phil Walker, Group CEO, said:

"I'm proud to be a part of a Company with such a rich heritage and one which has very much moved with the times. Any business is only as good as its people, and I would like to take this opportunity to thank employees past and present for their skills, support and dedication and for making Pennant what it is today, an internationally acknowledged leader in its chosen markets.

"Looking to the future, I believe the business is well placed to deliver further growth and innovation, continuing to develop new products and services as we enter the next phase in Pennant's long and distinguished history."

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