REG - Petards Group PLC - Contract Win

PetardsAnnouncement

30/01/2024 07:00

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RNS Number : 2775B  Petards Group PLC  30 January 2024

30 January 2024
 
 
PETARDS GROUP PLC
 ("Petards" or the "Group")

 

Contract Win

 

 

Petards, the AIM quoted developer of advanced security and surveillance
systems, announces that its subsidiary, QRO Solutions (QRO), has been recently
awarded an order worth £0.4 million for Artificial Intelligence (AI) enabled
ANPR cameras.

 

The order is the first for the supply and installation of QRO's newly
developed Harrier AI ANPR cameras. The project forms part of a three year
programme being undertaken by the end-user, with QRO having already secured
and supplied other roadside ANPR equipment for the first year in 2023. This
new order is expected to be fully delivered during 2024.

 

The cameras will be installed at several strategic highway locations in the UK
allowing QRO the opportunity to showcase the Harrier AI nationally to existing
and potential police force customers.

 

The Harrier AI camera was launched in December 2023 and is designed and built
by QRO in the UK. 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 delighted that Harrier AI cameras have been selected by our customer
for this UK highways application demonstrating their confidence in QRO's
technology, high levels of customer service and support. This win reinforces
QRO's market position both as an innovator and a leading supplier of ANPR
technologies in the UK."

 

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

Contacts:

 

 

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

 WH Ireland Limited, Nomad and Joint Broker  www.whirelandplc.com/capital-markets
                                             (http://www.whirelandplc.com/capital-markets)
 Mike Coe / Sarah Mather                     Tel:  0117 945 3470

 Hybridan LLP, Joint Broker                  www.hybridan.com (http://www.hybridan.com)
 Claire Louise Noyce                         Tel:  020 3764 2341

                                             claire.noyce@hybridan.com

 

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