Additional order received for Post Office

RNS Number : 4704V

Newmark Security PLC

15 January 2013

 

Newmark Security plc ("Newmark" or the "Group")

Additional order received after contract win with the UK Post Office

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that its wholly owned subsidiary, Safetell Limited ("Safetell"), has secured an additional order for £3.9 million for the supply of time-delayed security safes to the Post Office Limited branch network investment and support programme that started in July 2012. The order is for time-delayed security equipment of £2.6 million that will be required during the period January to March 2013 with the balance of £1.3 million for installations and additional reserve stock. This order is in addition to the initial order for £3.4 million from the Post Office announced on 14 June 2012.

The Board anticipates that the Group results for the full year to 30 April 2013 will be materially above market expectations. The interim results for the six months ended 31 October 2012 will be announced later this month.

Safetell is a provider of cashier security products to protect staff from attack or robbery, supplies cashier safes uniquely tailored to the Post Office business. The use of Safetell Cashier Safes facilitate open-plan trading, making possible a variety of benefits, such as combined trading, enhanced customer service, and potential business cost reductions.

Safetell Cashier Safes are ideal for use in cash-in cash-out operations to provide very low cost recycling of cash in-branch, to minimize cash held and increase security.

For further information:

Newmark Security plc
Maurice Dwek, Chairman	Tel: [phone]
Brian Beecraft, Finance Director	www.newmarksecurity.com

Seymour Pierce Limited
Mark Percy / David Foreman, Corporate Finance	Tel: [phone]
Katie Ratner, Corporate Broking	www.seymourpierce.com

Notes to editors

Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets.  Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Asset Protection), the Group listed on AIM in 1997.

Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range.  Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities.  More information can be found at www.gtl.biz

Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment.  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

 

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