22 October 2024
Newmark Security
plc
("Newmark", the
"Company" or the
"Group")
AGM
Statement
Newmark Security plc (AIM: NWT), a
leading provider of electronic and physical security systems, is
holding its Annual General Meeting ("AGM") today at 10:30 am
(UK).
At the AGM, Maurice Dwek, Newmark
Chairman, will make the following statement:
"Building on the success achieved
last year, we are pleased to confirm that the good progress has
continued in the current financial year ending 30 April 2025
("FY25"). The Group's pipeline of new business opportunities is
expanding, and we are excited to have embarked on our new five-year
growth plan. To support our objectives, we have made several
strategic hires and advanced our new product
development.
"Approaching the end of the first
half of FY25, Grosvenor's Human Capital Management ("HCM")
division has achieved further growth, driven by a strong U.S.
performance. Demand for Grosvenor's GT4 and lower-cost GT4-Lite
devices have been particularly strong, with orders for the latter
helping to displace its main low-cost clock competitor.
GT Connect, the division's global
platform, is now processing over 1.1 million punch
transactions per month and has over 25,000 GT devices
connected.
"Safetell has also made good
progress in accordance with the five-year plan, winning a series of
new automatic door service customers, including a national retailer
and a housing trust. It has also extended existing service
contracts with two of its largest banking customers and a major
petrol retailer. Whilst it has completed
the installation of physical security at a new major football
stadium and the first stage of a
substantial rollout of retail screens for national convenience
retailer, four projects that were scheduled
for H1 of FY25 are now set to be carried out in H2.
"As experienced last year, the later
timings of new contracts and implementations will lead to a greater
proportion of the Group's revenue being recognised in the second
half. At this current juncture, the Board remains confident in the
full year outlook and achieving further growth."
|
Newmark Security plc
Marie-Claire Dwek, Chief Executive
Officer
Paul Campbell-White, Chief Financial
Officer
|
Tel: +44 (0) 20 7355 0070
www.newmarksecurity.com
|
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Allenby Capital Limited
(Nominated Adviser and Broker)
James Reeve / Liz Kirchner / Lauren
Wright (Corporate Finance)
Amrit Nahal, Tony Quirke (Sales &
Corporate Broking)
|
Tel: +44 (0) 20 3328 5656
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About Newmark Security plc
Newmark is a leading provider of
electronic, software and physical security systems that helps
organisations protect human capital and provide safe spaces
seamlessly and securely.
From our locations in the UK and US,
we operate through subsidiary businesses positioned in specialist,
high-growth markets.
We foster an open and inclusive work
environment amongst our c.100 employees, serving hundreds of
blue-chip customers.
Our product portfolio consists of
Human Capital Management and Access Control Systems providing both
hardware and software and Physical security installations to
various sectors.
Newmark Security plc is admitted to
trading on AIM (AIM:NWT).
For
more information, please visit: www.newmarksecurity.com
Safe. Seamless. Secure