Westminster To Protect Nation

RNS Number : 8921U

Westminster Group PLC

01 July 2009

 



1st July 2009

Westminster Group Plc: 

Westminster selected to protect National Bank of Ethiopia

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 achieved preferred bidder status for the provision of comprehensive security solutions to the National Bank of Ethiopia.

Following a lengthy tender assessment and evaluation process, Westminster has received a formal letter of invitation confirming Westminster’s proposals have been conditionally accepted and inviting Westminster’s CEO, Peter Fowler, to the Bank’s Headquarters in Addis Ababa within the next ten days for final price negotiations.

The project, with a value of up to US $800,000, subject to final negotiations, comprises of a comprehensive security and surveillance solution involving circa 140 high performance CCTV surveillance cameras covering the National Bank’s three main buildings within Addis Ababa including the Mint, all of which will be controlled and monitored from a new central Control & Command system installed by Westminster.

The project is expected to commence immediately following contract signature and be largely completed during 2009.

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

 

“I am particularly delighted that Westminster has been selected as preferred bidder on this project as we have been pursuing this opportunity for a number of years with an ever increasing scope of works requirement. The final tender process involved bidding companies from around the world. After a detailed evaluation process, Westminster’s proposals were deemed to be the best technically suited to the Bank’s security requirements.

'This is yet again a testament to our ability to design and provide solutions to meet our clients' needs and to be able to deploy those solutions internationally as required'.

Enquiries:

Peter Fowler                                                  01295 756 300

Chief Executive - Westminster Group Plc

Nicholas Mearing-Smith                                01295 756 300

Finance Director - Westminster Group Plc

Clive Carver                                                   020 7600 1658

FinnCap

Tom Cooper/Paul Vann                                 0117 920 0092

Winningtons Financial

Notes to Editors:

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, risk assessments and close protection services. 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.

 

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