Newmark Security PLC New Supply Agreement (5817M)
April 30 2018 - 7:10AM
UK Regulatory
TIDMNWT
RNS Number : 5817M
Newmark Security PLC
30 April 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
30 April 2018
Newmark Security plc
("Newmark" or the "Company")
NEW SUPPLY AGREEMENT
Safetell Limited Secures New Supply Agreement
Newmark Security plc (AIM: NWT), a leading security solutions
group, offering safety and security for organisations' personnel
and assets, is pleased to announce today that its wholly-owned
subsidiary, Safetell Limited ("Safetell"), has secured a new supply
agreement for physical security equipment including time-delayed
cash handling equipment and secure cash storage units, for a major
UK high street financial institution.
The agreement will run from April 2018 for five years with
options to extend for up to 11 years in total. Safetell is unable
to provide exact revenue expectations due to the bespoke nature of
the solutions created, which are designed to suit various branch
sizes across the UK. However, the customer's first-year projections
are estimated to generate between GBP1m and GBP1.5m of product and
installation revenue for Safetell.
Anton Pieterse, Managing Director of Safetell, said: "We have
supplied this customer for over 14 years which reflects the quality
of our bespoke solutions and enduring support for major
organisations all over the globe. We have been working in
partnership with the client to develop customised security screens
and parcel hatches that will be installed in various branches
around the UK. We are proud that major high street retailers not
only choose Safetell but collaborate with us to develop physical
security and counter-terror solutions that evolve with their
customer requirements and ever-changing risk profile."
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 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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