Petards Regulatory News (PEG)

01 July 2021.

PETARDS GROUP PLC

 ("Petards" or the "Group")

Contract Win

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been recently awarded an export contract worth over £0.5 million to supply ProVida systems to a new overseas customer.

The contract, awarded to Petards' subsidiary QRO Solutions (QRO), is for the supply of 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."

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

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