ASLR.L Regulatory News (ASLR)

10 Jun 2005 07:00

Pentagon Protection PLC10 June 2005 For Release 7.00am 10 June 2005 PENTAGON PROTECTION PLC OVERSEAS CONTRACT GAINS WITH MULTINATIONALS Pentagon Protection Plc ("Pentagon"), the provider of safety and securityproducts for commercial, architectural and automotive glass, announces that ithas been appointed preferred supplier by Schlumberger Global Oilfield Logisticsand Distribution ("Schlumberger") in 25 countries in the Middle East and Asia,and also announces that its Pentagon Filmtek division has won two initialcontracts worth a total of £280,000 from Schlumberger and Shell Exploration inthe Middle East to protect the glass of their office buildings, using itspatented FT800 bomb blast film and anchoring system. The larger project for Schlumberger, worth a minimum value of £250,000, is foran office project in Dubai, and commences next week. Pentagon hope to extend their services to Schlumberger to two other geographicalregions, namely North and South America and Europe and Africa. The contract for Shell Exploration is at an unspecified building in the MiddleEast, to protect client confidentiality, and Pentagon is currently surveying thecompany's other locations throughout the Middle East and Africa. Both contract gains will impact the last quarter of Pentagon's final results forthe year ended 30 September 2005. Graham Bannerman, Chief Executive of Pentagon said:"These prestigious contracts affirm our strategy of securing preferred statusfrom multinational blue chip companies, having targeted the Middle East as aprime area of growth, as stated in our Chairman's Statement of 17 December2004." He added:"The gestation period of securing these contracts has taken longer than expectedbut, longer term, could lead to further business from these multinationalorganisations. These contract gains go some way to mitigating the greater thanexpected losses generated in the first half of the current financial yearindicated in our Trading Statement of 29 March 2005, and signals the correctnessof our strategy to focus on global clients. It points to a recovery in ourresults in the second half of the current financial year ended 30 September2005, as Pentagon's transition to a more global business moves apace." ENDS For further information, please contact: Pentagon Protection PlcGraham Bannerman, Chief Executive 020 8749 9749David Thomas, Chairman 020 8749 9749 Binns & Co PR LtdHannah Sloane 020 7153 1480; 07855 084 713 This information is provided by RNS The company news service from the London Stock Exchange