25 May 2012

Contracts cheer Pentagon 

19/11/2008 Robert Tyerman

Depressed anti-shatter window and bomb blast protection specialist Pentagon Protection is celebrating two contracts worth £100,000.   

The Acton-based company, which pared its losses 23 per cent to £79,311 in the six months to March, says one contract, awarded by ‘one of the UK and Ireland’s leading construction groups’, will provide an anchor to laminated glazing within newly built administration offices in Wales.

The second, worth £30,000, is for the supply and installation of high-tensile blast protection film for a ‘major’ oil and gas company in the Kurdish region of Iraq.

Floated at 3p five years ago, Pentagon shares reached 4.25p in 2005 before almost evaporating to 0.12p last month. They have now rallied to 0.22p, valuing the company at a mere £1.2 million.   

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Sector: Automobiles & Parts

Companies: Pentagon Protection

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