Team Valley tech firm Petards has secured a £500,000 contract to supply a new overseas customer.
The AIM-listed software developer, which makes security and surveillance systems for the rail, traffic and defence sectors, has been awarded an export contract to supply ProVida systems to the new customer.
The contract has been awarded to Petards’ subsidiary QRO Solutions (QRO), for the ProVida in-car speed enforcement systems and associated online training and support.
The equipment is expected to be fully delivered during the second half of 2021 and will be installed by the end user in its fleet of police vehicles.
Raschid Abdullah, chairman of Petards Group plc said: “We are delighted that ProVida has been selected for this overseas application for in-car speed detection and enforcement capability and to have added a significant new customer to QRO’s customer list, and we look forward to the possibility of working with them on future projects.”
The contract win comes a week after the firm announced that a key customer had extended an existing contract for the provision of software licences, maintenance and support services.
The extension, secured by Petards’ subsidiary RTS Solutions (RTS), is worth more over £500,000 and with annual revenues in excess of £250,000.
Under the terms of the contract RTS will continue to provide software licences, maintenance and third line support in respect of its real time failure and incident management system that supports the UK’s national rail infrastructure.
Mr Abdullah added: “We are delighted to have secured this contract extension and that our customer has recognised the expertise and high levels of customer service it has received from RTS over many years.
“This award, together with the three-year renewal of licensing and support agreements for WMS software announced in May, adds to RTS’s order book and provides it with a strong core of recurring revenues for the current and following years.”
