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The facts are:
Shot Spotter did not “acquire part of QinetiQ” or a “unit of QinetiQ.” It acquired our SECURES product technology which was a parallel product to their ShotSpotter technology.
Shot Spotter did not buy Planning Systems Inc. Planning Systems Inc. invented the SECURES technology that was sold to ShotSpotter. Planning Systems Inc. is still a part of the Technology Solutions Group of QinetiQ North America, which has more than 6,400 employees in the US.
The agreement with ShotSpotter does not include our Ears/SWATS counter sniper detection system.
We are QinetiQ North America Operations LLC and our United Kingdom-based parent company is named QinetiQ Group plc. What was reported was a hybrid of the two companies (QinetiQ Group plc North America).
QinetiQ North America is not listed on the New York Stock Exchange as QNA. Rather, QinetiQ Group plc is listed on the London Stock Exchange as QQ.
For more information please contact:
Matt Warnock
Director, Public Relations
QinetiQ North America Operations LLC
O: 703-752-6528
M: 703-853-5511
Matthew.Warnock@QinetiQ-NA.com