New Supply Agreement

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 £1m and £1.5m 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: [phone]                                              

Allenby Capital ltd.

Jeremy Porter / James Reeve / Liz Kirchner                         Tel: [phone]                               

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© 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.

 

END

 

 

AGRIMMBTMBMJBPP