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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quadnetics Grp | LSE:QDG | London | Ordinary Share | GB0007156838 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 290.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMQDG
RNS Number : 4213Y
Quadnetics Group PLC
01 March 2012
For Immediate Release 1 March 2012
Quadnetics Group plc
("Quadnetics" and or the "Group")
Major Contract Awards
Quadnetics Group PLC, a leader in the design, integration and control of advanced surveillance technology, networked security systems and strategic security solutions, is pleased to announce new contract wins with an overall estimated value of GBP8.5 million.
Synectics Industrial Systems, a division of Quadnetics has secured two substantial contracts for security systems in the oil and gas energy sector. The contracts are for the TAKREER (Abu Dhabi Oil Refining Company) Inter Refinery Pipeline (IRP-II) and the Abu Dhabi National Oil Company's (ADNOC) Shah Gas projects and are valued at more than GBP6 million in total.
In addition, Synectics Mobile Systems (SMS), another division of Quadnetics has secured a five year CCTV support contract worth GBP2.5 million with public transport company Abellio, to support CCTV systems on over 600 buses across London and Surrey. SMS' Genius telematics CCTV health checker and large network of support engineers in London were key factors in Abellio's decision. In addition to maintaining bus CCTV systems at Abellio's six depots, SMS is also responsible for supporting all the back office equipment needed to review CCTV footage.
John Shepherd, Chief Executive Officer of Quadnetics, commented :
"We are delighted to announce these major contract awards which highlight the continuing success of our strategy of creating complex surveillance systems, increasingly differentiated to serve the needs of the specialist customer sectors we target - critical infrastructure, mobile/transport and hazardous areas."
For further information, please contact:
Quadnetics Group plc Tel: +44 (0) 1527 850080 John Shepherd, Chief Executive Email: john.shepherd@quadnetics.com www.quadnetics.com Westhouse Securities Limited Tel: +44 (0) 207 601 6100 Tom Griffiths Buchanan Tel: +44 (0) 20 7466 5000 Tim Anderson/Isabel Podda Email: isabelp@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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