New $3.48m USD Contract Award - Asia

RNS Number : 8635W

Westminster Group PLC

24 April 2019

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

New $3.48m USD Contract Award - Asia

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and technology-based security solutions worldwide, is pleased to announce that its Technology Division has been awarded a contract for the provision of advanced container screening solutions to two separate ports in an Asian country.

The contract, which has been under negotiation for several months, entails the provision of advanced screening of containers at two ports in Asia.

The project will commence as soon as export licencing has been granted. Under the contract circa $3.05m relates to the supply and installation of the systems, which are expected to be largely delivered during Quarter 4 2019, and circa $430k relates to maintenance services over the next two years.

Commenting on the contract award Peter Fowler, Chief Executive of Westminster Group, said:

"I am delighted to be able to announce this latest new contract award for large scale screening solutions, which has been secured after a prolonged period of negotiations.

"Having recently delivered the remainder of the $4.5m USD vehicle screening contract in the Middle East, which the Company secured in 2018, this latest award for container screening at two ports in Asia is a testament to Westminster's expertise and global reach.

"We have commenced 2019 on a strong note ahead of budget and this latest award underpins our expectations for the year. 

"Security of ports, like airports, is a high priority for governments around the world and Westminster have been developing wide ranging solutions covering various aspects of port and airport security. This contract is one of several large-scale projects we are currently negotiating in different parts of the world."

For further information please contact:

Westminster Group Plc	Media enquiries via Walbrook PR
Rt. Hon. Sir Tony Baldry - Chairman
Peter Fowler - Chief Executive Officer
Mark Hughes - Chief Financial Officer
S. P. Angel Corporate Finance LLP (NOMAD & Joint Broker)
Stuart Gledhill	020 3470 0470
Caroline Rowe
SVS Securities PLC (Joint Broker)
Elliot Hance	020 3700 0100
Walbrook (Investor Relations)
Tom Cooper	020 7933 8780
Paul Vann	0797 122 1972
	[e-mail]

Notes:

Westminster Group plc is a specialist security and services group operating worldwide via an extensive international network of agents and offices in over 50 countries.

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, encompassing a wide range of surveillance, detection, tracking and interception technologies and the provision of long-term managed services contracts such as the management and running of complete security services and solutions in airports, ports and other such facilities together with the provision of manpower, consultancy and training services. The majority of its customer base, by value, comprises governments and government agencies, non-governmental organisations (NGO's) and blue-chip commercial organisations.

 

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