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PEG Petards Group Plc

7.75
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petards Group Plc LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.75 7.50 8.00 7.75 7.75 7.75 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 8.33 4.38M

Petards Group PLC Contract Win

30/01/2024 7:00am

RNS Regulatory News


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

 

Raschid Abdullah, Chairman

Mb:  07768 905 004

 

 

 

 

WH Ireland Limited, Nomad and Joint Broker

www.whirelandplc.com/capital-markets

 

Mike Coe / Sarah Mather

Tel:  0117 945 3470

 



 

Hybridan LLP, Joint Broker

www.hybridan.com

Claire Louise Noyce

 

Tel:  020 3764 2341

claire.noyce@hybridan.com

 

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 or visit 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.
 
END
 
 
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