Contract Wins (3554D)

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RNS Number : 3554D

Croma Group PLC

22 March 2011

Croma Group PLC ("Croma" or "the Group")

New Contract Wins

Croma, the AIM listed asset protection, manned guarding, access security, and avionics specialist, is delighted to announce three new contract awards.

Photobase, Croma's access security and installation systems subsidiary, has secured three new contracts for the Group's proprietary FastVein(TM) technology, which provides a complete biometric identification system. The FastVein(TM) technology is currently in production and due to be launched in April 2011.

The details of these contracts are as follows:

- Photobase, in association with CSS Group, has been appointed to distribute and provide frontline technical support for the Hitachi H1 Finger Vein Scanner (the "H1 Scanner") in the United States. Photobase is currently the sole distributor of the H1 Scanner in the UK. The H1 Scanner uses Photobase's proprietary FastVein(TM) API and offers the ability to deploy multiple scanners on a single system.

- Photobase has been appointed by HMP Wealstun to provide Biometric Prisoner and Visitor systems for the prison, using FastVein(TM) technology. FastVein(TM) will provide a complete biometric identification system and will enable HMPS to interface directly with the National Offender Management Information System.

- Photobase has also been appointed to upgrade the existing Prisoner ID Management system at HMP Northallerton to include FastVein(TM) Biometrics. Arriving prisoners will have their identities checked and instantly verified using FastVein(TM) technology. This system has been rolled out at ten HM Prisons since March 2010.

Commenting on the new contract awards Sebastian Morley, Chief Executive of Croma, said:

"We are delighted with the appointment of Photobase by Hitachi as its United States distributor. To be selected as Hitachi's partner is a strong endorsement of the software we have developed for this system and this new contract presents a significant commercial opportunity to target the US market.

In addition, two more UK prisons have chosen our new finger vein reader technology. This not only verifies our finger vein scanner as the most sophisticated and robust biometric system in the market, it also provides us with opportunities to upgrade incumbent systems and target new commercial markets".

 
Croma Group PLC: 
Sebastian Morley, CEO            Tel: [phone] 
 
Brewin Dolphin (NOMAD): 
Sandy Fraser, Managing Director  Tel: [phone] 
 - Corporate Finance 
 

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