Westminster Group PLC
18 March 2008
18th March 2008
Westminster Group Plc: New contract win
Specialist Interception System - Sub-Saharan Africa
Westminster Group plc ('Westminster'), the AIM listed supplier of system
solutions and products to the security, defence, fire protection and safety
markets worldwide, announces that it has secured a new contract to provide a
specialist GSM interception system for a government in Sub-Saharan Africa.
The contract valued at 900,000 USD was awarded to Westminster following a
thorough technical analysis of Westminster's solutions. Due to the confidential
nature of the contract further details are restricted however an initial payment
of 400,000 USD has been received by Westminster, with the system being delivered
in full over the next few weeks.
Commenting on the latest contract award, Peter Fowler, Chief Executive of
Westminster Group, said:
'I am delighted that our international division has secured this important new
contract, which in addition to other contract wins recently announced to the
market, clearly proves Westminster's growing international reputation.
Westminster's target market of providing bespoke solutions to governments and
governmental agencies worldwide, has huge potential'.
Enquiries:
Peter Fowler 01295 756 300
Chief Executive - Westminster Group Plc
Clive Carver 020 7600 1658
JM Finn & Co
Tom Cooper/Paul Vann 0117 920 0092
Winningtons Financial
Notes:
Westminster Group plc is a leader in the supply of system solutions and products
to the security, defence, fire protection and safety markets worldwide. It was
admitted to the Alternative Investment Market of the London Stock Exchange in
June 2007 at which time it raised approximately £2.5million net of expenses by
way of a Placing of 4,537,336 new Ordinary Shares at 67.5pence per share through
J M Finn & Co Ltd, the Company's nominated adviser and broker. Its market value
at flotation was £10million.
Westminster's principal activity is the design, supply and ongoing support of
advanced technology security solutions. These can range from product only
assignments, such as the supply of specialised scanners, to the design and
implementation of an integrated system solution such as a border detection and
surveillance system. The majority of its customer base, by value, comprises
governments and government agencies, non governmental organisations and blue
chip commercial organisations
This information is provided by RNS
The company news service from the London Stock Exchange
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