Business
Agreement with major high street bank
Agreement with major high street bank.
About this update from Newmark Security Plc
[{"type":"text","content":"\n \nRNS Number : 0567G Newmark Security PLC 06 May 2011 \n \n\n \n\n\n\n\nPress Release \n\n\n6 May 2011\n\n\n\n\n \nNewmark Security plc\n \n(\"Newmark Security\" or the \"Group\")\n \nAgreement with major high street bank\n \nNewmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that it has, through its subsidiary Safetell Limited (\"Safetell\"), secured an agreement with a major high street bank (\"the Bank\") to supply support, repair and maintenance of the Bank's security equipment. \n \nThe agreement, effective from March 2011, is worth approximately £2 million over a three year period. Safetell will supply service and maintenance support on a range of equipment for the major UK bank which has in excess of 2,000 branches nationwide. Safetell was awarded the work following a competitive tender process of around five months. \n \nAlongside Safetell's product division which offers staff and asset protection through the supply of fixed and reactive security screens, reception counters, cash management systems and associated security equipment, Safetell's service division uses its own helpdesk and nationwide network of directly employed service technicians.\n \nMaurice Dwek, Chairman of Newmark Security plc, said: \"I am delighted that Newmark has been awarded this work which clearly demonstrates Safetell's capability in providing organisations with cost effective and high quality support solutions in the field of asset and staff protection. It will also offer potential revenue opportunities going forward from Safetell's product division should the Bank require the replacement of any security equipment highlighted under the service and support agreement.\"\n \n- Ends -\n \n\n\nFor further information:\n\n\n\n\nNewmark Security plc\n\n\n\n\n\n\n\nMaurice Dwek, Chairman \n\n\nTel: +44 (0) 20 7355 0070\n\n\n\n\nBrian Beecraft, Finance Director\n\n\nwww.newmarksecurity.com\n\n\n\n\n \n\n\n\n\nSeymour Pierce Limited\n\n\n\n\n\n\n\nMark Percy / David Foreman, Corporate Finance\n\n\nTel: +44 (0) 20 7107 8000\n\n\n\n\nKatie Ratner, Corporate Broking\n\n\nwww.seymourpierce.com\n\n\n\n\n \nMedia enquiries:\n\n\n\n\nAbchurch\n\n\n\n\n\n\n\nHenry Harrison-Topham / Mark Dixon\n\n\nTel: +44 (0) 20 73...