Majority share purchased in A

RNS Number : 0782L

Newmark Security PLC

30 April 2010

 



Press Release

30 April 2010

Newmark Security plc

("Newmark Security" or "the Group")

Newmark Security purchases majority share in ATM Protection UK Limited

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce that its wholly owned subsidiary Safetell Limited ("Safetell") has purchased a 60 per cent. share in ATM Protection UK Limited ("ATMPUK") a specialist designer and developer of security systems to protect ATMs.  ATMPUK has developed a unique adhesive bonding technology to provide protection of cash when stolen from Cash in Transit ("CIT") delivery crews.

The ATMPUK T9 security container is a significant advance on existing technology. With the T9 system, in the event that the cash is stolen, the bonding technology damages the banknotes beyond use by bonding them together irreversibly. The bonding liquid glues banknotes together and tearing the notes apart is the only method of separation. This ensures rejection by note-changing machines and by the public. The system can be applied to all cash storage containers including safes. Further products in the same security sector will be developed in the near future.

The bonding system will form the basis of a comprehensive solution to protect cash and valuables in all aspects of cash delivery in the CIT vehicle during transit, across the pavement to customer premises and free standing ATMs. Safetell will build the T9 security containers at their premises in Dartford.

ATMPUK has worked closely with Loomis UK Limited ("Loomis"), the largest CIT company in Europe and the second largest in the UK, to develop this unique solution for cash deliveries. Loomis will conduct an initial trial of the T9 security container in the South of England over a 12 week period, and subsequently, on the expected successful completion of the trial, Loomis will place further orders to the value of £4 million to deploy the T9 security containers across their UK depots over the next three years. Loomis are also considering taking the T9 system across their European network.

Commenting on the acquisition, Maurice Dwek, Chairman of Newmark Security plc, said: "ATMPUK estimate the potential market in UK and Europe for the cash protection system to exceed £75 million. I am therefore delighted that Newmark will be taking an active part in this exciting new security development which will bring further expansion to the scope of the Group's operations and scale of activities."

- Ends -

For further information:

Newmark Security plc
Maurice Dwek, Chairman	Tel: [phone]
Brian Beecraft, Finance Director	www.newmarksecurity.com

Seymour Pierce Limited
Mark Percy, Corporate Finance	Tel: [phone]
	www.seymourpierce.com

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors

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 (asset protection), the Group listed on AIM in 1997.

Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range.  Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities.  More information can be found at www.gtl.biz 

Offering staff 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 

About ATM Protection UK Limited

ATMP was formed in 2002 and specialises in designing and developing mechanical and electronic systems to protect ATMs during use, replenishment and service.

Working with Banks, CIT companies and IDAs, ATMP has created a unique product range to secure ATM cassettes during transport, across the pavement and during ATM filling. Protection is extended to secure the ATMs themselves from forcible removal.

 

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