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Contract win

25 Mar 2015 07:00

RNS Number : 3626I
Touchstone Gold Limited
25 March 2015
 

Touchstone Gold Limited ("Touchstone" or the "Company")

 

GOS Systems Wins Government Contract

 

London, 25 March 2015 - Touchstone (AIM: TGL), the AIM listed investment company, provides an update on GOS Systems ("GOS"), a UK security technology group recently acquired in accordance with Touchstone's investment policy.

 

GOS is pleased to announce that it has won a new contract to deploy Technical Surveillance Counter Measure (TSCM) equipment that provides intelligence-gathering services to a client that is a department within a Government. The contract will comprise an initial one-off payment as well as the potential to generate a longer-term support and maintenance revenue stream.

 

The solution, which is based on GOS' proprietary technology, will deliver monitoring systems to assist the client with targeted intelligence gathering capability, threat identification and the ability to track such threats effectively in a timely and secure manner.

 

Jamie Ridealgh, GOS Chief Executive Officer, said: "We are delighted to have won this new contract. The cost effectiveness and flexibility of our solutions, combined with the high level of demand for high quality security products, is attracting interest from local and overseas public security organisations. GOS is well placed to benefit from the growing market in intelligence gathering and secure communications."

 

Franz Forrester, COO of Touchstone added: "We have previously provided updates to our shareholders that have confirmed the positive progress of GOS Systems. This latest news regarding a very important and significant client for one of GOS's premium services is exceptionally pleasing and further evidence of the value of GOS. Since GOS was acquired from the administrator it has not only retained its clients, but added to them both quantitatively as well as qualitatively. I look forward to providing shareholders with further positive news in the months ahead."

 

About GOS Systems

 

· GOS Systems is a UK security group providing a range of leading-edge tactical and strategic intelligence gathering and secure communication solutions for law enforcement, homeland security and government agencies around the world.

· GOS' intelligence gathering solutions provide real-time monitoring of cellular, voice, SMS, and IMSI and IMEI metadata.

· GOS' safe communications solution offers secure mobile telephony services to ensure privacy and security for customers.

 

For further information please contact:

 

Touchstone Gold Limited

Trevor Wells

 

 

Tel: +44 203 301 9337

finnCap Ltd

Ed Frisby / Simon Hicks

 

 

 

Tel: +44 20 7220 0500

Peterhouse Corporate Finance Limited

Tel: +44 20 7469 0936

Lucy Williams

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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