7 April 2015 – contract extension
The company has announced that its has won two contract extensions to supply advanced CCTV systems for one of the UK’s leading rail franchises. The larger of the two is worth £1.1m and most of this income is due to be received in the current financial year to 31 December 2015 with the smaller contract extension worth £0.2m which should be received by 31 December 2016. These contracts are an important breakthrough for the company’s rail division and we re-iterate our recommendation of BUY.