Cheltenham-based Pennant International, a leading provider of training technology, has announced that its trading performance for the year to date has met expectations, with ongoing investments in its development programme. Additionally, the group has introduced a new chairperson.
In the first half of the year, Pennant continued its investment in its proprietary software suite. This follows a £1.3 million investment in 2023, leading to the release of version 3 of GenS, their equipment configuration management solution, on 30 April 2024.
The investment initiative has now advanced to the next stage, aiming to integrate Pennant’s three core applications – GenS, Analyzer, and R4i – into a single, comprehensive solution. This integration will offer customers in defence and other sectors a powerful toolset for managing, modelling, and utilising large volumes of complex equipment data.
Pennant anticipates that the investment for 2024 will be similar to that of 2023. The integrated suite is scheduled for launch by the end of the year, with marketing and early customer engagement having been underway since 2022.
In governance updates, Phillip Cotton has stepped down from his role, allowing chair designate Ian Dighé to assume the position immediately. Cotton will retire as a director and leave the board following the AGM.
Ian Dighé, the new chair, expressed gratitude for Cotton’s five years of service and extended best wishes for his future endeavours. He also announced that the search for a new independent non-executive director, with complementary skills to the existing board, is now commencing.
Pennant International Group plc (LON:PEN) was established over 60 years ago and is a leading global provider of technology-based maintainer training and integrated product support solutions. The Group operates worldwide, with offices in Europe, North America and Australasia.
