Picture of Petards logo

PEG Petards News Story

0.000.00%
gb flag iconLast trade - 00:00
TechnologyHighly SpeculativeMicro CapValue Trap

RCS - Petards Group PLC - Contract Win

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250220:nRST7625Xa&default-theme=true

RNS Number : 7625X  Petards Group PLC  20 February 2025

This is a Reach (i.e. non-regulatory) announcement and the information
contained is not considered to be material or to have a significant impact on
management's expectations of the Company's performance

 

20 February 2025
 
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
received an order worth over £0.4 million for in-vehicle ANPR systems.

 

This order has been placed by an existing UK Police Force customer and is for
the supply of QRO's QBox in-vehicle ANPR and ANPR/DVR systems. It is one of
the largest in-vehicle ANPR systems orders ever secured by the company.

 

Initial deliveries of the systems will commence during the first quarter of
this year and all deliveries are expected to be completed during 2025.

 

 

Raschid Abdullah, Chairman of Petards Group plc said:

 

"These are exciting times for QRO and it is pleasing to see another of its
customers placing a significant order for its ANPR systems, demonstrating the
confidence customers have both in QRO's technologies and in the high levels of
customer support it provides."

 

 

Contacts:

 

 

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

 Zeus Capital Limited, Joint Broker
 Mike Coe / Darshan Patel (Investment Banking)  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 Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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  NRAEAXANFALSEFA

Recent news on Petards

See all news