Pennant International has continued its investment in its proprietary software suite, following a £1.3 million investment in 2023. Version 3 of GenS, their equipment configuration management solution, was released on 30 April 2024. The next phase involves integrating GenS, Analyzer, and R4i into a single, comprehensive toolset for customers in defence and other sectors, with a similar investment planned for 2024. This integrated suite is set to launch by the end of the year, with ongoing marketing and customer engagement since 2022.
Pennant International expects several significant sales prospects to materialise into new orders in the second half of the year, subject to contracts and defence department processes. Resource allocation is being actively managed, including exiting two premises not needed for upcoming opportunities.
