REG - Petards Group PLC - Contract Wins

PetardsAnnouncement

03/09/2024 07:00

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RNS Number : 6167C  Petards Group PLC  03 September 2024

3 September 2024
 
PETARDS GROUP PLC
 ("Petards" or the "Group")

 

Contract Wins

 

 

 

Petards, the AIM quoted developer of advanced security, communication and
surveillance systems, announces that has received orders totalling in excess
of £0.75 million for Petards eyeTrain software and support services, and QRO
ANPR systems.

 

Petards Joyce-Loebl (PJL) has received orders worth over £0.5 million from
two train builders; the first for eyeTrain software upgrades and the second,
for the renewal of an annual service level agreement. Around 25% of the
related revenues are expected to be delivered in the current financial year,
with the balance scheduled for next year weighted towards the first half of
2025.

 

The software upgrades will add additional functionality to the Petards
eyeTrain Automatic Selective Door Operation (ASDO) smart train door solution
already utilised by the train builder's end customer.

 

The renewed annual service level agreement commences this month and is for a
UK train fleet maintained by the train builder, for which Petards eyeTrain
systems were installed as part of the train fleet's original equipment.

 

The QRO order is for the supply and installation its NASBox roadside ANPR
systems worth over £0.25 million under a framework agreement with a UK police
force. The order is scheduled to be delivered and installed during the current
financial year.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"We are delighted to have received these orders, and that these Petards
developed technologies have been selected by our customers to deliver safety,
efficiency and operational benefits to the UK's rail and road networks."

 

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the
Company's obligations under Article 17 of those Regulations.

 

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:

 

Petards Rail supports its customers in maximising passenger safety and
optimising train and rail service performance levels through its in-house
designed technology that includes Automatic Selective Door Operation, Driver
Controlled Operation systems, on-train passenger camera monitoring systems,
forward and rear facing cameras, track debris cameras, and pantograph
surveillance systems.

 

eyeTrain Connect, Petards back-office software system, provides real-time,
accurate analysis rail vehicles and on-board equipment, including status,
usage and condition data on a train-by-train level. It allows train operators
to monitor and analyse train status, condition, and positional data in
real-time to reduce service delays and the risk and impact of incidents. It
enables interrogation of historical data to identify trends, analyse incidents
and make informed decisions regarding rail fleet performance.

 

Petards have developed its PTeye solution incorporating the latest in AI-ready
technology, to prevent passenger "trap and drag" incidents before train
dispatch.

 

These systems will be exhibited on Petards stand at Innotrans, the
International Trade Fair for Transport Technology, being held in Berlin 24 to
27 September 2024: Stand G-460 Hall 2.2.

 

https://petardsrailsolutions.com/ (https://petardsrailsolutions.com/)

 

 

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/)

 

 

 

 

 

 

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