Petards receives £750k of orders for eyeTrain and QRO systems

Surveillance firm Petards said on Tuesday that it has received orders totalling £750,000 for its eyeTrain software and support services and QRO ANPR systems.

Petards said its Petards Joyce-Loebl unit had received orders worth over £500,000 from two train builders for its eyeTrain software, with roughly 25% of related revenues expected to be delivered in the current trading year.

The AIM-listed group stated the QRO order was for the supply and installation of its NASBox roadside ANPR systems and was worth £250,000 under a framework agreement with a UK police force. Petards stated the order was scheduled to be delivered and installed during FY24.

Chairman Raschid Abdullah said: "We are delighted to have received these orders, and that these Petards developed technologies have been selected by our customers to deliver safety, efficiency and operational benefits to the UK's rail and road networks."

As of 1020 BST, Petards shares were down 3.71% at 7.22p.

Reporting by Iain Gilbert at Sharecast.com