Overseas Contract Gains

Pentagon Protection PLC 10 June 2005 For Release 7.00am 10 June 2005 PENTAGON PROTECTION PLC OVERSEAS CONTRACT GAINS WITH MULTINATIONALS Pentagon Protection Plc ('Pentagon'), the provider of safety and security products for commercial, architectural and automotive glass, announces that it has been appointed preferred supplier by Schlumberger Global Oilfield Logistics and Distribution ('Schlumberger') in 25 countries in the Middle East and Asia, and also announces that its Pentagon Filmtek division has won two initial contracts worth a total of £280,000 from Schlumberger and Shell Exploration in the Middle East to protect the glass of their office buildings, using its patented FT800 bomb blast film and anchoring system. The larger project for Schlumberger, worth a minimum value of £250,000, is for an office project in Dubai, and commences next week. Pentagon hope to extend their services to Schlumberger to two other geographical regions, namely North and South America and Europe and Africa. The contract for Shell Exploration is at an unspecified building in the Middle East, to protect client confidentiality, and Pentagon is currently surveying the company's other locations throughout the Middle East and Africa. Both contract gains will impact the last quarter of Pentagon's final results for the year ended 30 September 2005. Graham Bannerman, Chief Executive of Pentagon said: 'These prestigious contracts affirm our strategy of securing preferred status from multinational blue chip companies, having targeted the Middle East as a prime area of growth, as stated in our Chairman's Statement of 17 December 2004.' He added: 'The gestation period of securing these contracts has taken longer than expected but, longer term, could lead to further business from these multinational organisations. These contract gains go some way to mitigating the greater than expected losses generated in the first half of the current financial year indicated in our Trading Statement of 29 March 2005, and signals the correctness of our strategy to focus on global clients. It points to a recovery in our results in the second half of the current financial year ended 30 September 2005, as Pentagon's transition to a more global business moves apace.' ENDS For further information, please contact: Pentagon Protection Plc Graham Bannerman, Chief Executive 020 8749 9749 David Thomas, Chairman 020 8749 9749 Binns & Co PR Ltd Hannah Sloane 020 7153 1480; 07855 084 713 This information is provided by RNS The company news service from the London Stock Exchange
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