Newmark Security cheers contract wins

Shares in Newmark Security gained after the electronic and physical security systems provider announced it signed contracts with two leading global retailers to supply integrated Time and Attendance ("T&A") solutions. The first contract will see the group's Grosvenor unit supply T&A solutions to one of the retailers across 1,500 of its stores worldwide and this is expected to be worth a minimum of €850,000 over a period of three years. The second contract is to supply the other global retailer with 1,000 terminals over the next twelve months and the value of this contract is estimated at £200,000. Chairman Maurice Dwek said: "It is a fantastic endorsement of Grosvenor's security and attendance systems that organisations of the scale and professionalism of these two global retailers have selected our product to be integrated across their stores.""The partnerships will enable us to work with them to tailor the systems and ensure the data delivers exactly the information that the companies and their employees need to run even more efficiently and deliver enhanced quality."