£1.02m of contracts for recen

RNS Number : 7734K

Westminster Group PLC

27 April 2010

 



27^th April 2010

Westminster Group Plc:

CTAC Ltd - £1.02million of new contract awards for bullion storage depots

CTAC Ltd ("CTAC" or the "Company"), the recently acquired specialist integrated provider of 'high end' security solutions of the Westminster Group Plc ("Westminster or the Group"), announces that it has been awarded two prestigious new contracts to provide high security solutions to bullion storage depots within the UK.

The contracts, with a combined value of £1.02, million are due to commence shortly and will be completed during 2010.

The contracts involve the provision of Intruder Alarm, CCTV, Access Control, Vehicle Blockers, Turnstiles, Fencing, Electronic Fence Detection, Vehicle Strainer Wire and External Electronic Beams to provide a high level of layered security to two high security bullion storage sites located within the UK.

Commenting on the new contracts Peter Fowler, CEO of Westminster, commented:

"I am delighted that our newly acquired subsidiary CTAC has secured these prestigious new contracts, which underpins their reputation in the high security market place and immediately justifies our decision to acquire the business as part of our growth strategy.

"At the time of our acquisition I stated that I believed the Company was at an exciting stage with tremendous growth prospects and was an excellent fit for our business. It is indeed pleasing to be able to issue significant contract news so soon after that statement".

Enquiries:

Peter Fowler                                        01295 756 300

Chief Executive - Westminster Group Plc

Nicholas Mearing-Smith                      01295 756 300

Finance Director - Westminster Group Plc

Nandita Sahgal                                    020 7107 8000

Catherine Leftley

Seymour Pierce                                 

Tom Cooper/Paul Vann                       0117 985 8989

Winningtons Financial                         0797 122 1972

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, risk assessments, close protection and monitoring 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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