Contract win with the UK Post Office

RNS Number : 3085F

Newmark Security PLC

14 June 2012

 

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

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 a £3.4 million order for the supply of security equipment to the recently announced Post Office Limited branch network investment and support programme.

Safetell have been supplying and maintaining time delayed security safes to the UK Post Office since 2004 and is proud to be associated with the largest investment and network programme in the history of the Post Office.

The £3.4 million order for the time delayed security safes will cover the initial stock of which approximately £ 2 million will be installed by the end of April 2013.  The balance of £1.4 million  relates to replenishment stock required to maintain the Post Office minimum stock levels during the transformation programme.  Further substantial orders are expected as the network transformation programme continues through to May 2015.

The Post Office has over 11,500 branches across the UK, which means an estimated 90% of the UK population live within one mile of a post office.

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]
	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.

About Safetell

Founded in 1989, Safetell was created with the vision of supplying bullet resistant cashier protection screens for banks. Over the past 20 years, Safetell has grown to supply a wide variety of security and operational products, and nationwide support services for banks, retailers, and corporate clients.

More information can be found at www.safetell.co.uk

Safetell Media Contact:

Nick Paget

Safetell Limited

Tel: + 44 (0) 1322 22 32 33

 

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