Petards’ QRO wins four-year ANPR framework with Northumbria Police

An announcement from Petards ( (GB:PEG) ) is now available.

Petards’ subsidiary QRO Solutions has secured a four-year framework contract with Northumbria Police to supply automatic number plate recognition equipment and related support services. The agreement covers fixed and mobile ANPR systems and enables Northumbria, Durham and newly added customer Cleveland Police to procure QRO’s technology, reinforcing QRO’s position as a leading UK ANPR provider.

QRO ranked first in the ANPR lot of Northumbria Police’s IT hardware tender and is now the preferred supplier for direct awards under the framework, which has an estimated ANPR value of at least £650,000. The win broadens QRO’s customer base, underpins recurring support and maintenance revenues, and underscores continuing demand for its ANPR and speed enforcement solutions in the modern policing market.

Spark’s Take on PEG Stock

According to Spark, TipRanks’ AI Analyst, PEG is a Neutral.

The score is primarily supported by improving financial stabilization in 2025 (better margins and positive free cash flow) and a constructive technical trend with price above major moving averages. These positives are tempered by continued net losses (negative P/E) and historically uneven growth/returns, which keep the overall score moderate.

To see Spark’s full report on PEG stock, click here.

More about Petards

Petards Group is an AIM-quoted developer of advanced security, communication and surveillance systems, operating through subsidiaries such as QRO Solutions. QRO specialises in automatic number plate recognition (ANPR) and mobile average speed enforcement technologies for the enforcement industry, supplying police forces, government agencies and other public sector bodies in the UK and internationally.

Average Trading Volume: 45,047

Technical Sentiment Signal: Buy

Current Market Cap: £6.22M

See more insights into PEG stock on TipRanks’ Stock Analysis page.