Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has announced that it has acquired the IP rights, software and related inventory of Nexus ANPR Smart Box from Telematics Technologies. The consideration being paid comprises an upfront payment of £79,000, a further payment of £70,000 in six months and a deferred cash element of up to £900,000 dependent upon units sold over the next seven years.
07 May 2020
WHI First Light: Petards (PEG)
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WHI First Light: Petards (PEG)
Petards Group plc (PEG:LON) | 7.8 0 0.0% | Mkt Cap: 4.38m
- Published:
07 May 2020 -
Author:
John Cummins -
Pages:
4
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has announced that it has acquired the IP rights, software and related inventory of Nexus ANPR Smart Box from Telematics Technologies. The consideration being paid comprises an upfront payment of £79,000, a further payment of £70,000 in six months and a deferred cash element of up to £900,000 dependent upon units sold over the next seven years.