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23 Dec 2011 07:00
23 December 2011 SureTrack Monitoring plc ("SureTrack" or "the Company") Major Order
SureTrack Monitoring plc is delighted to announce that its subsidiary, IBP Limited, has been awarded an order by one of Europe's largest security and communication companies, to supply anti-raid cash protection systems for an Eastern European Post Office ("the Post Office Network").
This order is for a significant part of phase one of a two phase project, and is valued at approximately €160,000 all of which will be recognised in the current financial period ended 31 March 2012.
This part of phase one of the project is for a roll out of anti-raid cash protection systems across approximately 40% of the sites within the Post Office Network.
Following the completion of phase one the directors believe a second phase will follow which would encompass the majority of the remaining sites.
The Board is excited that the Company has secured this order from a blue-chip customer and is looking forward to continued collaboration on further projects throughout Europe.
Will Hirons, Chief Executive Officer, SureTrack Monitoring commented:
"This new order further demonstrates the regard in which IBP is held in the cash security sector by major blue-chip organisations. The Board believes it is a great accolade to be working with this customer again and looks forward to the future in which we will continue to work with them for other tenders for new business in Europe."
For further information contact:
SureTrack Monitoring plc Will Hirons, CEO Tel: 01926 863630 Simon Barrell Tel: 07850 934204 Merchant Securities Limited (Nominated Adviser and Broker) Simon Clements - Nominated Adviser Tel: 020 7628 2200
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