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IN BRIEF: Petards shares surge on GBP350,000 contract win

19th Feb 2024 10:29

Petards Group PLC - London-based developer of security and surveillance systems - Says its subsidiary, QRO Solutions, has won an order worth around GBP350,000 for "one of the UK's largest police forces", adding a new police force to QRO's list of customers. Says the order is for the supply of QRO's Q-Box Merlin IP in-vehicle ANPR solution with High Definition DVRs, which the end customer is fitting to a number of vehicles in its fleet. This order is expected to be fully delivered during 2024.

Chair Raschid Abdullah says: "We are delighted to add this police force to the list of customers who have selected QRO's ANPR solutions, further building upon QRO's position in the UK as a leading supplier of ANPR technologies."

Current stock price: 7.38 pence, up 26% in London on Monday

12-month change: down 33%

By Sophie Rose, Alliance News senior reporter

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