Newmark Security PLC Safetell secures two new contracts (2790Y)
September 08 2020 - 1:00AM
UK Regulatory
TIDMNWT
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: +44 (0) 20 7355 0070
Officer
Graham Feltham, Group Finance Director www.newmarksecurity.com
Allenby Capital Limited Tel: +44 (0) 20 3328 5656
(Nominated Adviser and Broker)
James Reeve / Liz Kirchner (Corporate
Finance)
Amrit Nahal (Sales)
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END
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