Petards Group PLC Contract Win
August 06 2024 - 1:00AM
RNS Non-Regulatory
RNS Number : 2518Z
Petards Group PLC
06 August 2024
NON-REGULATORY
6 August 2024
PETARDS GROUP PLC
("Petards" or the
"Group")
Contract Win
Petards, the AIM quoted developer of
advanced security, communication and surveillance systems,
announces that its subsidiary, QRO Solutions (QRO), has been
recently awarded a further order worth over £0.25 million for
Artificial Intelligence (AI) enabled ANPR cameras.
This order had been anticipated and
is for the supply, installation, and ongoing support of QRO's
"all-in-one" Harrier AI ANPR camera and is expected to be delivered
in the second half of 2024.
The award followed successful
customer trials that demonstrated Harrier AI's technical
capabilities and performance, which QRO believes sets a new
benchmark for ANPR traffic management and surveillance
applications.
The contract brings the number of UK
customers that have invested in Harrier AI cameras to five since
the first Harrier AI order was announced back in February 2024,
which was for a UK national highways application.
The Harrier AI camera was launched
in December 2023 and is designed and built in the UK by QRO. It
delivers real-time analytics ANPR software-enabled data processing
and is powered by machine learning algorithms, making it adaptive
and responsive to ever-changing road conditions.
Raschid Abdullah, Chairman of Petards Group plc
said:
"We are excited about the level of
customer interest and orders received for Harrier AI since its
launch last December and believe that it has strong sales potential
as its operational capabilities are exposed to additional
customers. This should be further enhanced when the mobile
version of Harrier AI is launched which we anticipate will be later
this year.
Our initial engagements with
integrators operating outside of the UK have also given us
confidence that in the medium term, Harrier AI has the potential to
be sold through distributors into international
markets."
Contacts:
Petards Group plc
|
www.petards.com
|
Raschid Abdullah, Chairman
|
Mb: 07768 905 004
|
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