Croma Security Solutions (LON:CSSG) is an AIM listed security solutions group with an impressive client base and growing reputation. In recent months Croma Security Solutions have announced new contracts and a recent acquisition of Access Locksmiths, a profitable and award winning company. In a nutshell Croma Security is a steady, profitable and debt free company, who are also dividend payers.
The need for increased security solutions is unfortunately higher on the agenda now that it has ever been due the terror threats. The blue sky part of the business with huge potential is the FastVein suite of products which Croma promote as the most advanced biometric system in the world beyond the fingerprint.
Following the recent new contract wins and the acquisition Roberto Fiorentino, the CEO of Croma Security Solutions has taken time out to discuss various aspects of the business including the recent news and its FastVein biometric technology.
Croma Security Solutions (LON:CSSG) is a share I feel could well make a serious breakthrough in 2016, run by ex black watch personnel the company prides itself on the quality of service it provides. The serious and real threat from terrorism towards our county is a big concern and companies such as Croma Security are well positioned to help combat growing threats to security. In a nutshell it’s a profitable, dividend paying company with no bank debt, however, recent new contracts and an acquisition of another profitable company suggests 2016 will be their best ever year and one which may prove a good one for the share price as a result.
The business covers 4 main areas, these being electronic systems (CCTV, Access Control, Intruder Alarms, Fire Systems), vigilant guarding (Close protection, Manned Guarding, mobile patrols and key holding services), locksmiths (key cutting, locks and Safes) and the area with huge blue sky potential being the biometric part of the business which is responsible for Fastvein™. The biometric solution was recently highlighted as being adopted by a well known private school and is gaining much attention.
Commenting on recent contract wins, Sebastian Morley, Chairman of CSSG, said:
"We are delighted to win this business, which demonstrates confidence in CSSG when innovative, high end security solutions are required. This contract will add to our ongoing contract wins throughout the Group and will add to our ongoing profitability in the coming year."
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