Major Contract Awards

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 £8.5 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 £6 million in total.

In addition, Synectics Mobile Systems (SMS), another division of Quadnetics has secured a five year CCTV support contract worth £2.5 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: [phone]
John Shepherd, Chief Executive
Email: [e-mail]	www.quadnetics.com

Westhouse Securities Limited	Tel: [phone]
Tom Griffiths
Buchanan	Tel: [phone]
Tim Anderson/Isabel Podda	Email: [e-mail]

 

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