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NWT Newmark Security Plc

87.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Newmark Security Plc LSE:NWT London Ordinary Share GB00BNYM9W73 ORD GBP0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 87.50 85.00 90.00 87.50 87.50 87.50 6,796 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 20.31M 353k 0.0377 23.21 8.2M

Newmark Security PLC New US Customers (4298V)

07/08/2020 7:00am

UK Regulatory


Newmark Security (LSE:NWT)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMNWT

RNS Number : 4298V

Newmark Security PLC

07 August 2020

7 August 2020

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Newmark Security plc

("Newmark", the "Company" or the "Group")

New US Customers

Newmark Security plc (AIM: NWT), a leading provider of products and services in the security and data sectors, is pleased to announce two new customer wins in its Human Capital Management ("HCM") division in the United States, where it trades as GT Clocks.

The Company has onboarded a new client, a HCM software company which provides HR and Payroll solutions to over 30,000 businesses of all sizes, across many sectors, onto its GT-4 timeclock. The GT-4 is the successor to the popular IT31, which was the Company's previous mid-tier hardware offering. The contract is for a period of three years, with a minimum contract value in excess of $1m over this period.

A senior spokesperson for the HCM software company said "We are delighted to partner with GT Clocks for our next generation of timeclocks. We depend on these devices to be reliable in some harsh environments yet have a requirement for low lifetime costs, a combination of needs we have found hard to satisfy. In GT Clocks we have found a supplier that can not only meet these demands, but with a feature rich and super-fast device."

In a separate customer win, one of the Company's existing 'full suite HCM solution' partners has entered into an agreement to supply the Company's flagship device, the GT-10, to one of the largest retailers in the US. Whilst not contractually committed, the Directors of Newmark estimate that this agreement could potentially be worth up to $3.8m to the Company over the next 2-3 years and could lead to further projects with the same client.

Marie-Claire Dwek, CEO of Newmark Security said "We are delighted to see our investment into creating our next-generation timeclocks being repaid with these customer wins. The US has been a significant part of our growth story in recent years and we expect that trend to continue."

Andy Rainforth, President of GT Clocks , added, "The new GT-4 is faster, is more performant and critically for many operating in the mid-tier part of the HCM market, is a lower cost device than its predecessor. We genuinely believe it represents the best value hardware in this market sector."

For further information:

 
 Newmark Security plc 
 Marie-Claire Dwek, Chief Executive      Tel: +44 (0) 20 7355 
  Officer                                 0070 
  Graham Feltham, Group Finance           www.newmarksecurity.com 
  Director 
 Allenby Capital Limited                 Tel: +44 (0) 20 3328 
  (Nominated Adviser and Broker)          5656 
 James Reeve / Liz Kirchner (Corporate 
  Finance) 
  Amrit Nahal (Sales & Broking) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

August 07, 2020 02:00 ET (06:00 GMT)

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