Petards sells surveillance software business to BAE Systems

BALTIMORE, Md., 31 Dec. 2007. Petards Inc., 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, 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.

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.

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