Announcement
Croma Security Solutions Group Plc - New Contract Wins
Croma Security Solutions Group plc ("CSSG" or the "Company"), the AIM listed total security services provider, is pleased to announce that it has entered into three new contracts with major UK firms.
Croma has signed a further three year contract with ODEON, one of the UK's Largest Cinema Chains, to provide planned maintenance, servicing, installation and upgrade works to its cinemas. The contract is expected to total between £1.1 and £1.2 million over the three year period.
Croma signed a further five year contract with Global Hotelier Hilton Hotels, to continue routine maintenance of revenue parking systems & servicing, expected to total £0.9 million over the five year period, with the possibility of additional revenue for upgrade works over the tenure of the contract.
The Company was also awarded the contract for the installation of an incredibly secure Fastvein biometric access control system into the second largest Bank in the UK, working in partnership with Hitachi, for an undisclosed value.
Commenting on these contract wins, Sebastian Morley, Chairman of CSSG, said:
"These contract wins mark steady progress in our provision of security solutions to UK and International clients. The contract win for the provision of Fastvein to a major international bank is significant. We have developed Fastvein in conjunction with Hitachi and this has led to a formal partnership. Fastvein provides the simplest, most accurate and fastest biometric access control, time and attendance and identification management system in the market. A contract win with a major bank opens up the financial sector and validates the considerable benefits of Fastvein."
Enquiries:
Croma Security Solutions Group Plc
Sebastian Morley (Chairman)
07768 006 909
WH Ireland
(Nominated Adviser and broker)
Adrian Hadden
Mark Leonard
0207 220 1666
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