Pennant International Group plc (LON:PEN), the systems support and training solutions company, has provided the following update.
Strategic Software Investment
The Group’s programme of investment in its proprietary software suite has continued during the first half of the year, following a circa £1.3 million investment in 2023, with version 3 of GenS, the equipment configuration management solution, being released as planned on 30 April 2024.
The investment programme now moves into the next phase, which will see all three of Pennant’s core applications – GenS, Analyzer and R4i – being integrated into one, holistic solution which will provide its customers in defence and other sectors with a powerful, market-leading toolset to manage, model and utilise vast amounts of complex equipment data. The planned investment for 2024 is expected to be similar in quantum to 2023. This ‘integrated suite’ is targeted for launch by year-end, and marketing and early engagement with key customers has been ongoing since 2022.
