Newmark Security PLC US$6m Contract Secured (4054Z)
September 18 2015 - 1:00AM
UK Regulatory
TIDMNWT
RNS Number : 4054Z
Newmark Security PLC
18 September 2015
18 September 2015
Newmark Security plc
("Newmark" or the "Company") (AIM: NWT)
CONTRACT WIN
US$6m Contract Secured for the Delivery of Workforce Management
Technology
Following on from the Company's recent preliminary results,
where the Board reported a 19.2% increase in turnover and an
increased dividend payment of 0.10 pence per share, Newmark, a
leading security solutions group, is pleased to announce that its
wholly owned subsidiary, Grosvenor Technology Limited
("Grosvenor"), has secured a contract with a major Global Workforce
Management partner ("Partner") for the development, manufacture and
supply of one of Grosvenor's next generation terminals.
The development costs, partly funded by the Partner, includes
incentives for completion of the development work and availability
of the terminal in late 2016.
The contract is for a period of 10 years with guaranteed
revenues of US$6m over the first five years. The Partner has
exclusivity for the terminal for a period of 6 months from the
launch of the terminal (with the exception of one existing major
customer of Grosvenor).
Workforce Management, an arm of Grosvenor, specialises in the
provision of advanced IT clocks and terminals to ensure businesses
can manage their workforces in a non-invasive manner, whilst
enabling real-time reporting for informed decisions relating to
safety, security and effectiveness of their workforce.
By exploiting the latest mobile-inspired touch screen
technologies, Grosvenor is able to define a new standard for ease
of use, performance and productivity in a design that is both
elegant and robust in a harsh commercial environment.
The new terminal will also feature a familiar, standards-based
open architecture, ensuring that Independent Software Vendors can
quickly and easily deliver tailored experiences that provide access
to a wider range of business applications than was previously
possible using today's generation of dedicated Time &
Attendance terminals. Example applications include attendance
recording, collaborative shift planning, shop-floor data
collection, health and safety briefings and staff training. The new
terminal will continue to support the widest range of
authentication solutions including fingerprint scanning technology,
to eliminate employee fraud.
Protection against data loss is assured with support for both
on-line and off-line data collection and an integrated field
serviceable, multi-hour back-up battery. For ease of installation
the product is compatible with existing mounting options and can be
powered either via a dedicated PSU or Power Over Ethernet
(POE).
Due to the confidentiality of the contract, no further details
can be disclosed at this time.
Commenting, Marie-Claire Dwek, CEO of Newmark, said: "We are now
delighted to be working with this Workforce Management partner and
the contract is evidence of the technical expertise and
professionalism that exists within Grosvenor."
For further information please see below:
Newmark Security plc
Marie-Claire Dwek, Chief Tel: +44 (0) 20
Executive Officer 7355 0070
Brian Beecraft, Group Finance
Director
www.newmarksecurity.com
Cantor Fitzgerald Europe
David Foreman / Michael Reynolds, Tel: +44 (0) 20
Corporate Finance 7894 7000
David Banks / Tessa Sillars,
Corporate Broking
www.cantor.com
Yellow Jersey PR Limited
Dominic Barretto / Anne Sampson Tel: +44 (0)
7768 537 739
dominic@yellowjerseypr.com
Newmark Security Plc
Newmark Security PLC is a leading provider of electronic and
physical security systems, which focus on personal security and the
safety of assets. Operating through two established and wholly
owned divisions, Grosvenor Technology (Electronic) and Safetell
(Physical Security), the Group listed on AIM in 1997.
Grosvenor Technology provides state of the art access control
and data acquisition systems delivered via its reputable JANUS
access control platform and its CUSTOM brand data-collection
terminals. The next generation and recently launched SATEON
software is a new and innovative access control concept which
delivers all the features of a software based system but in the
cloud which combines the advantages of a software based system with
cloud technology to improve lifecycle cost, install speed and allow
for instant maintenance from anywhere in the world. Grosvenor
Technology clients include BAE Systems, UK Air Traffic Control,
BSkyB, Merrill Lynch, Bank of America, M & S, Morrisons, Tesco,
Network Rail, government departments and many universities. More
information can be found at www.grosvenortechnology.com
Offering personnel and asset protection since 1987, Safetell is
the UK's leading provider of fixed and reactive security screens,
reception counters, cash management systems and associated security
equipment. 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
END
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