Newmark Security PLC Safetell secures £1.5 million contract extension (2413L)

TIDMNWT

RNS Number : 2413L

Newmark Security PLC

18 April 2018

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

18 April 2018

Newmark Security plc

("Newmark" or the "Company")

CONTRACT EXTENSION

Safetell Limited secures GBP1.5 million contract extension

Newmark Security plc (AIM: NWT), a leading security solutions group, offering safety and security for organisations' personnel and assets, is pleased to announce that its wholly-owned subsidiary, Safetell Limited ("Safetell"), has now received a formal contract extension for the supply of physical security equipment and preventative maintenance to the UK branch network of a leading worldwide supplier of retail banking services.

The contract consists of secured orders for the supply of service and maintenance support for 'Fast Rising Screens' totalling GBP1.2 million, along with the supply of new Fast Rising Screens and auxiliary physical security products which is expected to total not less than GBP300,000. This contract is a one-year extension to an original contract agreed in March 2012, then amended in October 2014, and covers the period from 1 November 2017 to 31 October 2018.

Marie-Claire Dwek, CEO of Newmark, said: "We have supplied this customer for the last 28 years and we are delighted that the quality of our product and service offering continues to be recognised. Safetell recently expanded its product and service proposition to capitalise upon the burgeoning counter-terror market and in response to the challenging market conditions as a result of branch closures that are occurring in the banking sector, yet it is reassuring to see continuing demand for our physical security products and associated service and maintenance support from this long-term customer."

Safetell designs, manufactures, installs and provides maintenance for a range of bespoke physical security, counter-terror, and target hardening solutions. Products include security screens, doors and glazing, plus counterwork. Safetell also provides a range of time delayed cash recycling safes for the banking sector and other cash-in cash-out operations. The service division of Safetell provides repair and maintenance support for the branch networks of high street banks and the retail sector, including lock repairs, CCTV services, access control support and repair of physical security equipment.

For further information:

Newmark Security plc

   Marie-Claire Dwek, Chief Executive Officer                        Tel: [phone] 

Allenby Capital ltd.

   Jeremy Porter / James Reeve / Liz Kirchner                         Tel: [phone] 

About Newmark Security plc

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

Grosvenor Technology provides security and attendance solutions via its Access Control and Workforce Management lines of business. Its Janus access control product was the world's first Windows(c) based access control platform and has been installed in over 10,000 sites globally. Its current Sateon platform protects some of the world's most prestigious organisations.

The Workforce Management division provides hardware, software and support services to some of the world's leading vendors of Human Capital Management solutions. Grosvenor Technology delivers solutions tailored to an organisation's working practices in a bid to increase security, reduce risk and lower operational costs. The business is increasingly supplying the workforce management sector on a 'Software as a Service' (SaaS) basis.

End Users are multi-sector and include global blue-chip organisations, government departments, the banking sector, high street retailers and higher education institutions. More information can be found at www.grosvenortechnology.com.

Safetell is considered the authority on bespoke physical security solutions, mitigating the latest threats in criminal and terrorist activity. Robust products are combined with their service excellence that adds value to the security solutions on offer.

An extensive range of ballistic, blast and attack resistant materials are combined with over 30 years of accreditation, trust, and client collaboration to deliver working environments and security strategies that mitigate criminal and terrorist threat.

These decades of experience help clients streamline specification processes, minimise disruption during installation, and extend operational life through a nation-wide maintenance scheme, designed to reduce lifecycle cost and offer peace of mind.

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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April 18, 2018 02:00 ET (06:00 GMT)