Trading Update

RNS Number : 3624P

Newmark Security PLC

03 October 2011

 



Press Release

3 October 2011

Newmark Security plc

("Newmark " or "the Company")

Trading Update

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, provides the following trading update ahead of the Company's Annual General Meeting to be held at 11:00am today.

Following comments made at the time of the final results announced in July 2011, trading in this financial year to 30 April 2012 continues to be impacted by the difficult economic environment, particularly in the UK public sector and banking industry. 

However, the focus of 2011 has been on investment in the Company's new products and development of new international markets, in particular the United States.  Newmark is very pleased that since the year end, the Company's SATEON access control version 1.0 has been released and the video integration has been completed and is now being Beta tested.

Newmark has continued to refine the T9 transit case, working closely with Loomis, although inevitably with such new product development there have been some delays.  However, the Company remains optimistic about the longer term potential of the T9 Transit case.

Whilst potential CUSTOM OEM sales in the US have continued to be affected by the slow US economy, we are anticipating improved levels of sales in the US in the second half of the financial year and continue to see the US as offering significant opportunities for CUSTOM OEM.

Commenting on current trading, Maurice Dwek, Chairman, stated: "The ongoing economic difficulties have impacted our first half trading but I am encouraged by the new developments now emerging, initially with SATEON and longer term, with our T9 Transit case.  Whilst in the short term I am extremely cautious, I remain confident that with the new product development and opportunities presented through international expansion, initially into the US, there is a bright future for Newmark."

- Ends -

For further information:

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

Seymour Pierce Limited
Mark Percy / David Foreman, Corporate Finance	Tel: [phone]
Katie Ratner / Richard Redmayne, Corporate Broking	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 

 

END

 

 

TSTLLFLRASIIVIL