Contract Win
Petards Group PLC's subsidiary, QRO Solutions, has secured a four-year framework contract with Northumbria Police for ANPR equipment and support, with Durham and Cleveland Police also able to procure services under this agreement. The estimated value of the ANPR Lot in the tender was £650,000, though QRO anticipates this figure to be a minimum. This announcement is considered non-material and not expected to significantly impact management's expectations of the company's performance.
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Petards, the AIM quoted developer of advanced security, communication and surveillance systems, announces that its subsidiary, QRO Solutions (QRO), has signed a four year framework contract with Northumbria Police for the provision of ANPR equipment and support.
The award follows a tender process run by Northumbria Police for all its IT hardware, with QRO being ranked first in the Lot related to the provision of ANPR equipment and support. QRO is therefore now the preferred supplier for any direct awards for ANPR systems and support placed under this framework.
Each of Northumbria Police, Durham Police and Cleveland Police are able to procure QRO's fixed and mobile ANPR systems and related support and maintenance services using this contract. While Northumbria and Durham are existing customers, Cleveland is a new addition to QRO's customer base.
The estimated value of the ANPR Lot set out in the tender was £650,000, although current market indications lead QRO to believe that this estimated value to be a floor.
Raschid Abdullah, Chairman of Petards Group plc said:
"We are delighted to see customers are continuing to recognise QRO as a leading player in the UK ANPR market, and its ability to deliver the quality, service and value for money required in the modern policing market."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.