Agreement with major high street bank

RNS Number : 0567G

Newmark Security PLC

06 May 2011

 



Press Release

6 May 2011

Newmark Security plc

("Newmark Security" or the "Group")

Agreement with major high street bank

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that it has, through its subsidiary Safetell Limited ("Safetell"), secured an agreement with a major high street bank ("the Bank") to supply support, repair and maintenance of the Bank's security equipment.

The agreement, effective from March 2011, is worth approximately £2 million over a three year period.  Safetell will supply service and maintenance support on a range of equipment for the major UK bank which has in excess of 2,000 branches nationwide.  Safetell was awarded the work following a competitive tender process of around five months.

Alongside Safetell's product division which offers staff and asset protection through the supply of fixed and reactive security screens, reception counters, cash management systems and associated security equipment, Safetell's service division uses its own helpdesk and nationwide network of directly employed service technicians.

Maurice Dwek, Chairman of Newmark Security plc, said: "I am delighted that Newmark has been awarded this work which clearly demonstrates Safetell's capability in providing organisations with cost effective and high quality support solutions in the field of asset and staff protection. It will also offer potential revenue opportunities going forward from Safetell's product division should the Bank require the replacement of any security equipment highlighted under the service and support agreement."

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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

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.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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