Quadnetics Group (AIM: QDG) said its subsidiary Look CCTV has been awarded a £3.7 million contract to supply and install its CCTV systems on the Stagecoach Group’s (LSE: SCG) new buses. The contract will last for three years and builds an existing business relationship. The CCTV specialist said that the mobile CCTV market is a major focus for its R&D investment and growth plans.
Stagecoach operates 7,000 buses across the UK and already uses Look CCTV technology throughout its fleet. All new Stagecoach buses ordered up to the end of 2012, will be fitted with the digital CCTV systems. Quadnetics said hundreds of new Stagecoach buses will be fitted with LOOK systems per year.
LOOK CCTV supplies and maintains digital CCTV systems to bus and coach operators. It already has over 18,000 systems installed. The LOOK system includes wireless network applications, which can streamline CCTV maintenance and provide high capacity data logging for video and audio recording. http://www.proactiveinvestors.co.uk/companies/news/12480/quadnetics-look-cctv-awarded-new-stagecoach-deal-worth-37-mln-12480.html
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