Newmark Security PLC Safetell secures two new contracts (2790Y)

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RNS Number : 2790Y

Newmark Security PLC

08 September 2020

8 September 2020

Newmark Security plc

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

Safetell secures two new contracts

Newmark Security plc (AIM: NWT), a leading provider of products and services in the security and data sectors, is pleased to announce that its wholly owned subsidiary Safetell Limited ("Safetell") has secured new contracts with two existing clients.

Safetell has entered into a contract for the provision of services to one of its existing clients, a leading multinational financial services company. The two-year contract, which has an expected value of c. GBP1.3 million over the contract term, is for the provision of services to support the client's security and asset protection systems in its nationwide branch network of over 500 locations.

Safetell has also entered into a contract with another existing client, a leading UK building society. The three-year contract has an expected value of c. GBP400,000 for the Group and will include support for the client's Auto Doors located at branch entrances.

Both customers are leading financial bodies in the UK and Safetell is delighted to continue to provide services to these national and international institutions.

Marie-Claire Dwek, CEO of Newmark said: "These new contracts reaffirm the quality of Safetell's well established product and services range, which have been highly regarded within the financial sector for many years."

Paul Lovell, Manging Director of Safetell Limited added: "Building on trusted relationships is core to our success at Safetell. We understand that keeping a business's primary asset, its people, safe and secure in the workplace is paramount to both of these financial institutions."

For further information:

 
 Newmark Security plc 
 Marie-Claire Dwek, Chief Executive       Tel: [phone] 
  Officer 
 Graham Feltham, Group Finance Director   www.newmarksecurity.com 
 
 Allenby Capital Limited                  Tel: [phone] 
 (Nominated Adviser and Broker) 
 James Reeve / Liz Kirchner (Corporate 
  Finance) 
  Amrit Nahal (Sales) 
 

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September 08, 2020 02:00 ET (06:00 GMT)