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.

any recent news, anyone?