Newmark Security PLC Strategic Partnership with UniKey Technologies

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Newmark Security PLC

23 May 2017

23 May 2017

Newmark Security plc

("Newmark Security" or the "Company")

Strategic Partnership with UniKey Technologies

Newmark Security Plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that Grosvenor Technology, its UK based Security and Attendance solutions provider, has entered into a development and commercial partnership with US based UniKey Technologies, Inc. ("UniKey") to develop its access control technology and provide new products.

As an internet-of-things ("IoT") leader focused on best-in-class mobile access solutions, UniKey's patented and proprietary 'CORE' platform provides a "frictionless at door experience" for the end user. It is anticipated that Grosvenor Technology's first products incorporating UniKey's technology will be seen later in 2017.

Marie-Claire Dwek, CEO of Newmark Security, Grosvenor Technology's parent company, said:

"We are excited about the advantage UniKey will bring to Grosvenor Technology compared to its peers in several strategically important markets. This technology leap will bring further differentiation to both our Access Control and Workforce Management products and is expected to accelerate our growth of recurring revenue. It's a key step on our journey towards being an 'as a service' provider."

Lee Odess, VP at UniKey added, "Grosvenor Technology was an easy choice to partner with. We have been really impressed with the ambition and skill set within their business and we're looking forward to helping Grosvenor Technology integrate our innovative technology into their products in the coming months."

Grosvenor Technology has been developing industry leading solutions for over two decades. Their Sateon Advance portfolio is a next generation range of hardware that utilises Grosvenor Technology's proven Sateon software platform to provide a seamless Access Control solution. This development has been the focus of significant investment resource and the product has received excellent reviews since its launch in November 2016.

Mark Knight, Director of Product at Grosvenor Technology, said, "Our Advance platform has been designed with our customers' long-term needs in mind. While we've already delivered innovative features that can be deployed immediately, such as support for IP, RS-485 and POE+ power as standard, it's this futureproofing that's really exciting. Our collaboration with Unikey is a great example of how partnering with specific technology partners allows us to take a more disruptive approach to product development. We believe this will enable us to deliver an unparalleled 'at door' experience that will appeal to end users and forward thinking systems integrators."

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For more information: www.newmarksecurity.com

Contact:

 
 Newmark Security plc 
  Marie-Claire Dwek, Chief Executive    [phone] 
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Newmark Security Plc

Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets. Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Physical Security), the Group listed on AIM in 1997.

Grosvenor Technology provides state of the art access control and data acquisition systems delivered via its reputable JANUS access control platform and its CUSTOM brand data-collection terminals. The next generation and recently launched Sateon software is a new and innovative access control concept which delivers all the features of a software based system but in the cloud which combines the advantages of a software based system with cloud technology to improve lifecycle cost, install speed and allow for instant maintenance from anywhere in the world. Grosvenor Technology clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch, Bank of America, M & S, Morrisons, Tesco, Network Rail, government departments and many universities. More information can be found at www.grosvenortechnology.com

Offering personnel and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment. Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains. More information can be found at www.safetell.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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May 23, 2017 02:02 ET (06:02 GMT)