as announced prior to Christmas and "confirmed" by Quiktrak's Chairman.....when he said.
"While QuikTrak directors have yet to calculate the numbers in the new China contract, executive chairman Andrew Unterweger said it looked like the new deal would match the earlier contract for revenue."
and he went onto say...........
"QuikTrak directors also admitted to an error of omission in the first contract, which was for the supply of a monitoring system and monitoring services for the city of Beijing.
At the time, directors said the Beijing contract would be worth $380 million over five years. On Friday, they announced the contract was actually worth $US380 million ($A510 million)."
QTK have secured over $1 billion dollars worth of work according to the Quiktrak Chairman.
as a foot note........QTK secured a second network for Beijing in its launch of its first ever static security deal......which was announced after the Hubei province deal.
I would say QTK have well in excess of $1 billion dollars worth of work...........going on the ASX advice and the Chairmans reporting.
QTK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
