Photo-Scan gets on the buses

Deal to install security systems on London buses could mean revenues of more than 40m

Photo-Scan PLC said it has signed a long term partnership agreement with Crystal Eyes Ltd to supply, install and maintain security and information systems for buses in London and in other major cities. Photo-Scan shares jumped 20.2% to 110p.

Under the agreement, both companies will work together over the next five years to win orders for a minimum of 6,000 new installed systems on buses. This could generate revenues in excess of 40 mln stg for Photo-Scan.

Crystal Eyes is a private company formed to develop the systems capable of

providing comprehensive information and security for bus operators.

Under the deal, Photo-Scan will be the exclusive supplier for the

installation and maintenance of these systems over the next five years.

PHOTO-SCAN REACHES AGREEMENT ON SIGNIFICANT PURCHASE AND LEASE-BACK DEAL WITH
MAJOR UK MULTI-SITE SERVICE PROVIDER



Photo-Scan plc, the security and surveillance systems specialist, has signed a
Heads of Agreement to enter into a 7 year purchase and lease-back contract worth
#5.3m to modernise the electronic security systems of a major UK multi-site
service provider.



In this first contract of its kind for the security industry, the agreement also
includes the provision of a fully comprehensive maintenance and replacement
service by Photo-Scan throughout the lease period.



The agreement marks a major step forward in the implementation of Photo-Scan's
new business strategy announced earlier in the year. The Company's strategy is
to generate more recurring and visible revenues by securing long-term
partnerships with major clients requiring broader product offerings and making
best use of new technologies.



Peter Hawksworth, chief executive of Photo-Scan plc said:

"This is precisely the type of agreement we have been targeting since
implementing our new business strategy. In this case our client's security and
surveillance systems nationwide will be maintained and modernised to the highest
standards at a certain cost to the client over the life of the contract."



Note to editors

Photo-Scan is a market-leading provider of innovative and customised security
solutions to a broad range of commercial clients. Its advanced-technology
solutions are backed by partnership agreements, financing and service support
packages that are designed to guarantee best value. These include CCTV, the
provision of access control to areas and buildings, remote monitoring, perimeter
protection, Internet Protocol systems, networking and fibre optic
infrastructures. Photo-Scan's clients include some of the largest retailers,
property companies, local authorities, transport companies, manufacturers and
financial services companies in the country.

Up 25% today on the back of results and trading statement.

This is a very well run company paying a good dividend.
The above contracts are yet to reflect in the figures, the company is still undervalued.

With increased security CCTV is still a growing area, with Photo scan the market leaders.

Photo-Scan receives unsolicited offer approach
AFX
Talks not exclusive

Photo-Scan PLC said it has recently received an unsolicited approach regarding a possible offer for the company, but has decided that it is inappropriate to progress those discussions on an exclusive basis. Its shares jumped 10.2% to 145p.

The board said it is now investigating the possibility that other potential strategic partners may be interested in acquiring Photo-Scan in order to accelerate the further development of the company through exploitation of the current market opportunities available.

The board said it remains committed to its long-term strategy of building shareholder value whether as an independent company or as part of a larger group.

any recent news, anyone?