Cohort:SEA Wins EUR3.5M Contract

15th Jul 2010 12:40

LONDON (Dow Jones)--Cohort PLC (CHRT.LN), a independent technology group, said Thursday that its subsidiary SEA has been selected by Surrey Satellite Technology Ltd. (SSTL) to provide an Instrument Control Unit for the European Space Agency's EarthCARE mission, a contract valued at EUR3.5 million. MAIN FACTS: -Under this contract, SEA will work alongside the prime, SSTL, to develop and produce the ICU for the Multi-Spectral Imager instrument on board the EarthCARE satellite, a EUR263 million joint Japanese-European project, which will be used to gain a better understanding of the interactions between cloud, radioactive and aerosol processes that play a role in climate regulation. -Shares at 1140 GMT up 2 pence, or 2.45%, at GBP83.50 pence, valuing the company at GBP34.06 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 15, 2010 07:40 ET (11:40 GMT)