Westminster Group PLC
22 April 2008
22nd April 2008
Westminster Group Plc: New contract Award
Integrated Bank Security Systems - West Africa
Westminster Group plc ('Westminster' or 'the Group'), the AIM listed supplier of
system solutions and products to the security, defence, fire protection and
safety markets worldwide, announces that it has been awarded a further contract
with Ecobank, a leading independent West African Banking Group, with an initial
value of circa USD90,000.
Ecobank serves wholesale and retail customers from its network of over 350
branches across 18 countries throughout West and Central Africa.
Westminster conducted a pilot installation for Ecobank in 2007 with a view to
testing its integrated security solutions for roll out throughout the branch
network. As a result of the successful pilot, Westminster has already installed
systems in seven Ecobank branches within Ghana. The latest contract is for two
additional branches in Accra, Ghana.
This contract involves the installation of high security, fully integrated
security systems at each branch including CCTV surveillance, bespoke ATM
monitoring equipment, access control and intruder alarm systems. The branch
systems have the capability of automatically reporting to Ecobank's Head Office
to allow remote Control & Command, interrogation and monitoring of each
individual branch.
It is Ecobank's intention that Westminster will install similar security
protection throughout its entire branch network. A further 6 branches have
already been surveyed and are currently under consideration.
Commenting on the latest contract award, Peter Fowler, Chief Executive of
Westminster Group, said:
'I am very pleased to announce this latest contract award especially as this is
repeat business from an important client. It further demonstrates our ability to
build long-term relationships and provide high quality services to emerging and
third world economies.
'We see great opportunities for Westminster in the African, Asian and Middle
Eastern markets. Our strategy of providing consultancy advice and technical
support at a local level through our international agency network will, we
believe, enable us to generate significant additional revenues from these
regions. In this particular case, the potential to supply the system to
Ecobank's entire 350 branch network, including ongoing maintenance and technical
support, would substantially boost our recurring revenues.'
Enquiries:
Peter Fowler 01295 756 300
Chief Executive - Westminster Group Plc
Clive Carver 020 7600 1658
FinnCap
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.
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.