1 March 2016 – contract wins
The award of two contracts, together worth around £0.5m, has been announced. The Fleet Systems division has secured a contract worth around £0.3m with one of the UK’s major passenger transport operators. This will involve electrical power supply modifications work for ‘on-board’ IT sub-systems. Work is due to complete in the first half of 2016. The Integrated Systems division has won its first contract with a local authority for the upgrade of its urban security scheme. The contract is worth £0.2m and involves converting to the latest IP technology. The project includes a new control complex incorporating video management, command and control systems. We continue to rate the shares as a BUY.