REG - Petards Group PLC - Contract Win

PetardsAnnouncement

24/09/2024 12:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240924:nRSX4646Fa&default-theme=true

RNS Number : 4646F  Petards Group PLC  24 September 2024

24 September 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 awarded a contract worth in excess of £0.6 million for ANPR systems,
with an option for the customer to increase this further to £0.8 million.

 

The contract is for the supply and installation of QRO's NASBox roadside ANPR
systems to one of its existing UK police force customers. The new systems
represent an upgrade to the customer's current technology and will replace
systems previously installed by a competitor.

 

Deliveries are expected to commence in the final quarter of 2024 with £0.4
million scheduled to be delivered within the first year and the balance of
£0.2 million before the end of the second year.  The customer's option to
increase the order value by a further £0.2 million to procure other ANPR
equipment, may be exercised for deliveries within the next three years.

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are delighted at QRO's success in securing this significant contract and
that one of the UK's largest police forces has again selected QRO to supply
its ANPR  technology."

 

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

 Zeus Capital Limited, Nomad and Joint Broker
 Mike Coe / Sarah Mather                       Tel:  020 3829 5000

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

                                               claire.noyce@hybridan.com

 

 

Notes to editors:

 

QRO Solutions (QRO) is expert in providing and supporting critical ANPR and
mobile average speed solutions to the enforcement industry. Its customers
including leading companies and enforcement organisations across the world,
including the Home Office, police forces, local councils and MoD Police.

 

QRO's ANPR solutions cover both fixed site and mobile in-vehicle applications
and include its in-house developed solutions NASBox ANPR, QBox mobile ANPR,
Harrier AI cameras, Provida 4000 speed enforcement and software applications
such as QRO ANPR Management Server and its mobile phone VRN alerting
application known as Instant Alerting Console (IAC).

 

https://www.qrosolutions.co.uk/ (https://www.qrosolutions.co.uk/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTEAFNLAAXLEFA