Major Contract Awards (4213Y)
March 01 2012 - 2:02AM
UK Regulatory
TIDMQDG
RNS Number : 4213Y
Quadnetics Group PLC
01 March 2012
For Immediate Release 1 March 2012
Quadnetics Group plc
("Quadnetics" and or the "Group")
Major Contract Awards
Quadnetics Group PLC, a leader in the design, integration and
control of advanced surveillance technology, networked security
systems and strategic security solutions, is pleased to announce
new contract wins with an overall estimated value of GBP8.5
million.
Synectics Industrial Systems, a division of Quadnetics has
secured two substantial contracts for security systems in the oil
and gas energy sector. The contracts are for the TAKREER (Abu Dhabi
Oil Refining Company) Inter Refinery Pipeline (IRP-II) and the Abu
Dhabi National Oil Company's (ADNOC) Shah Gas projects and are
valued at more than GBP6 million in total.
In addition, Synectics Mobile Systems (SMS), another division of
Quadnetics has secured a five year CCTV support contract worth
GBP2.5 million with public transport company Abellio, to support
CCTV systems on over 600 buses across London and Surrey. SMS'
Genius telematics CCTV health checker and large network of support
engineers in London were key factors in Abellio's decision. In
addition to maintaining bus CCTV systems at Abellio's six depots,
SMS is also responsible for supporting all the back office
equipment needed to review CCTV footage.
John Shepherd, Chief Executive Officer of Quadnetics, commented
:
"We are delighted to announce these major contract awards which
highlight the continuing success of our strategy of creating
complex surveillance systems, increasingly differentiated to serve
the needs of the specialist customer sectors we target - critical
infrastructure, mobile/transport and hazardous areas."
For further information, please contact:
Quadnetics Group plc Tel: +44 (0) 1527 850080
John Shepherd, Chief Executive
Email: john.shepherd@quadnetics.com www.quadnetics.com
Westhouse Securities Limited Tel: +44 (0) 207 601 6100
Tom Griffiths
Buchanan Tel: +44 (0) 20 7466 5000
Tim Anderson/Isabel Podda Email: isabelp@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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