26 March 2018 – contract win
The surveillance technology group has announced that its has won a contract to supply networked video recording solutions for a fleet of new metro trains in a major German city. The initial value of the contract is in excess of €1m and the deal is in line with the group’s strategy of extending its strong position in the UK bus market into light rail and also overseas. Although only a relatively small contract it does vindicate the group’s strategy and we maintain our recommendation of BUY.