Newmark Security PLC Safetell secures £1.5 million contract extension (2413L)
April 18 2018 - 2:00AM
UK Regulatory
TIDMNWT
RNS Number : 2413L
Newmark Security PLC
18 April 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
18 April 2018
Newmark Security plc
("Newmark" or the "Company")
CONTRACT EXTENSION
Safetell Limited secures GBP1.5 million contract extension
Newmark Security plc (AIM: NWT), a leading security solutions
group, offering safety and security for organisations' personnel
and assets, is pleased to announce that its wholly-owned
subsidiary, Safetell Limited ("Safetell"), has now received a
formal contract extension for the supply of physical security
equipment and preventative maintenance to the UK branch network of
a leading worldwide supplier of retail banking services.
The contract consists of secured orders for the supply of
service and maintenance support for 'Fast Rising Screens' totalling
GBP1.2 million, along with the supply of new Fast Rising Screens
and auxiliary physical security products which is expected to total
not less than GBP300,000. This contract is a one-year extension to
an original contract agreed in March 2012, then amended in October
2014, and covers the period from 1 November 2017 to 31 October
2018.
Marie-Claire Dwek, CEO of Newmark, said: "We have supplied this
customer for the last 28 years and we are delighted that the
quality of our product and service offering continues to be
recognised. Safetell recently expanded its product and service
proposition to capitalise upon the burgeoning counter-terror market
and in response to the challenging market conditions as a result of
branch closures that are occurring in the banking sector, yet it is
reassuring to see continuing demand for our physical security
products and associated service and maintenance support from this
long-term customer."
Safetell designs, manufactures, installs and provides
maintenance for a range of bespoke physical security,
counter-terror, and target hardening solutions. Products include
security screens, doors and glazing, plus counterwork. Safetell
also provides a range of time delayed cash recycling safes for the
banking sector and other cash-in cash-out operations. The service
division of Safetell provides repair and maintenance support for
the branch networks of high street banks and the retail sector,
including lock repairs, CCTV services, access control support and
repair of physical security equipment.
For further information:
Newmark Security plc
Marie-Claire Dwek, Chief Executive Officer Tel: +44 (0) 20 7355 0070
Allenby Capital ltd.
Jeremy Porter / James Reeve / Liz Kirchner Tel: +44 (0)20 3328 5656
About Newmark Security plc
Newmark Security plc is a leading provider of electronic and
physical security systems, which focus on personal security, the
safety of assets and reduced operational cost. Operating through
two established and wholly owned divisions, Grosvenor Technology
(Electronic) and Safetell (Physical Security), the Group admitted
to trading on AIM in 1997.
Grosvenor Technology provides security and attendance solutions
via its Access Control and Workforce Management lines of business.
Its Janus access control product was the world's first Windows(c)
based access control platform and has been installed in over 10,000
sites globally. Its current Sateon platform protects some of the
world's most prestigious organisations.
The Workforce Management division provides hardware, software
and support services to some of the world's leading vendors of
Human Capital Management solutions. Grosvenor Technology delivers
solutions tailored to an organisation's working practices in a bid
to increase security, reduce risk and lower operational costs. The
business is increasingly supplying the workforce management sector
on a 'Software as a Service' (SaaS) basis.
End Users are multi-sector and include global blue-chip
organisations, government departments, the banking sector, high
street retailers and higher education institutions. More
information can be found at www.grosvenortechnology.com.
Safetell is considered the authority on bespoke physical
security solutions, mitigating the latest threats in criminal and
terrorist activity. Robust products are combined with their service
excellence that adds value to the security solutions on offer.
An extensive range of ballistic, blast and attack resistant
materials are combined with over 30 years of accreditation, trust,
and client collaboration to deliver working environments and
security strategies that mitigate criminal and terrorist
threat.
These decades of experience help clients streamline
specification processes, minimise disruption during installation,
and extend operational life through a nation-wide maintenance
scheme, designed to reduce lifecycle cost and offer peace of
mind.
Safetell's customers range from leading blue-chip organisations
to single sites including banks and building societies, police
forces and the Post Office, local authorities and government
departments, forecourt retailers, and supermarket chains. More
information can be found at www.safetell.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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