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Petards sells surveillance software business to BAE Systems

BALTIMORE, Md., 31 Dec. 2007. Petards Inc. (www.petards.com), a developer of advanced surveillance systems, announced that its parent company, Petards Group plc, sold its U.K. Government and Commercial software business, including the Universal Video Management System (UVMS), to BAE Systems Integrated System Technologies Ltd. for $5 million. Petards Inc. will continue to provide UVMS in North America through a licensing arrangement with BAE Systems.

Petards will continue to sell its other security products and solutions, including its advanced Hawk camera line for license plate recognition and its rapidly deployable Swift wireless cameras, throughout the U.S. and Canada.



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