Petards Subsidiary Secures Major Police Contract

Petards (GB:PEG) has released an update.

Petards Group PLC, a company specializing in security and surveillance systems, has announced that its subsidiary, QRO Solutions, has won a contract worth over £0.6 million to supply and install ANPR systems for a UK police force, with potential expansion to £0.8 million. The deal involves upgrading the force’s existing technology and is set to begin in the last quarter of 2024. Chairman Raschid Abdullah expressed delight in QRO’s success in securing the contract and the continued trust from one of the UK’s largest police forces.

For further insights into GB:PEG stock, check out TipRanks’ Stock Analysis page.