RCS - Petards Group PLC - Contract Win

PetardsAnnouncement

06/08/2024 07:00

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RNS Number : 2518Z  Petards Group PLC  06 August 2024

NON-REGULATORY

 

6 August 2024
 
 
PETARDS GROUP PLC
 ("Petards" or the "Group")

 

Contract Win

 

 

Petards, the AIM quoted developer of advanced security, communication and
surveillance systems, announces that its subsidiary, QRO Solutions (QRO), has
been recently awarded a further order worth over £0.25 million for Artificial
Intelligence (AI) enabled ANPR cameras.

 

This order had been anticipated and is for the supply, installation, and
ongoing support of QRO's "all-in-one" Harrier AI ANPR camera and is expected
to be delivered in the second half of 2024.

 

The award followed successful customer trials that demonstrated Harrier AI's
technical capabilities and performance, which QRO believes sets a new
benchmark for ANPR traffic management and surveillance applications.

 

The contract brings the number of UK customers that have invested in Harrier
AI cameras to five since the first Harrier AI order was announced back in
February 2024, which was for a UK national highways application.

 

The Harrier AI camera was launched in December 2023 and is designed and built
in the UK by QRO. It delivers real-time analytics ANPR software-enabled data
processing and is powered by machine learning algorithms, making it adaptive
and responsive to ever-changing road conditions.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are excited about the level of customer interest and orders received for
Harrier AI since its launch last December and believe that it has strong sales
potential as its operational capabilities are exposed to additional
customers.  This should be further enhanced when the mobile version of
Harrier AI is launched which we anticipate will be later this year.

 

Our initial engagements with integrators operating outside of the UK have also
given us confidence that in the medium term, Harrier AI has the potential to
be sold through distributors into international markets."

 

 

Contacts:

 

 

 Petards Group plc           www.petards.com (http://www.petards.com)
 Raschid Abdullah, Chairman  Mb:  07768 905 004

 

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