Security solutions firm bags £1.5m contract extension

Newmark Security plc has announced that its wholly-owned subsidiary, Safetell Limited has received a contract extension for the supply of security equipment and preventative maintenance to the branch network of a global retail banking supplier.

Newmark Security is a security solutions group which offers safety and security for organisations’ personnel and assets,

The contract consists of secured orders for the supply of service and maintenance support, totalling £1.2m.

This contract is a one-year extension to an original contract agreed in March 2012, then amended in October 2014, and covers the period from November 1, 2017 to October 31, 2018.

Marie-Claire Dwek, CEO of Newmark, said: “We have supplied this customer for the last 28 years and we are delighted that the quality of our product and service offering continues to be recognised.

“Safetell recently expanded its product and service proposition to capitalise upon the burgeoning counter-terror market and in response to the challenging market conditions as a result of branch closures that are occurring in the banking sector…

“Yet it is reassuring to see continuing demand for our physical security products and associated service and maintenance support from this long-term customer.”

Safetell designs, manufactures, installs and provides maintenance for various bespoke physical security and target hardening solutions. Products include security screens, doors and glazing, plus counterwork.

The service division of Safetell provides repair and maintenance support for the branch networks of high-street banks and the retail sector.