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IN BRIEF: Petards subsidiary QRO Solutions wins £500,000 ANPR orders

ALN

Petards Group PLC - Guildford, England-based security, communication and surveillance systems developer - Subsidiary QRO Solutions receives purchase orders totalling £500,000 for the provision of automatic number plate recognition equipment and support. The first order, for £400,000, is from an existing police force customer in the north of England and the first to be received under a previously announced four year framework contract. The second, worth £100,000, is for a new overseas customer and is for the supply of ANPR equipment that will form part of the Government of Gibraltar’s recently announced enhanced border security measures. Both orders are scheduled to be delivered during the current financial year. Raschid Abdullah, chair, says: ‘We believe that these new contracts demonstrate the confidence that existing and new customers have in the ability of QRO’s technologies to meet the exacting standards required for their high profile security and surveillance applications.’

Current stock price: 10.50 pence

12-month change: up 27%

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