9 Jul 2008 07:00
9th July 2008
Westminster Group Plc: New Contract Award - West Africa
Westminster Group Plc ('Westminster' or 'the Group'), the AIM listed supplier of system solutions and products to the security,defence, fire protection and safety markets worldwide, announces that it has secured another important repeat contract award from Ecobank Ghana, a leading independent West African banking group, valued at circa USD360,000.
Ecobank serves wholesale and retail customers from its network of over 350 branchesacross 18 countries throughout West and Central Africa.
Westminster International undertooka pilot installation in early 2007 at one of Ecobank's principal offices for the provisionof fully integrated security systems including CCTV surveillance, bespoke ATM monitoring equipment, accesscontrol and intruder alarm systems.Following the success of the pilot, Westminster received an order in July 2007 to install systems in 6 branches for a valueof USD300K, in April 2008, Westminster received a further order valued at USD90k.
The latest award to protect an additional 8 branches of Ecobank, whichwill commence immediately and last for several months, bringsthe total number of branches in West Africa so far protected by Westminster to 17, with a total contract value to date of USD750k. It is Ecobank's intention to roll out similarsecurity protection throughout its entire branch network.
Commenting on the latest contract award, Peter Fowler,Chief Executive of Westminster Group, said:
"I am delighted to announce this latest contractaward particularly as this is repeat business from an important existing client. Coming on top of other recent awards it further demonstrates our ability to build long-term relationships and provide high quality services to clients worldwide.
"It is always gratifying to receive repeat business from existing clients. Having previously carried out several projectsfor Ecobank in West Africa, I am aware of how seriously they take the security of their premisesand banking infrastructure and the importance theyplace on reliable, professional servicessuch as those provided by Westminster."
Enquiries:
Peter Fowler 01295756 300
Chief Executive - Westminster Group Plc
Clive Carver 020 7600 1658
FinnCap
Tom Cooper/Paul Vann 0117 920 0092
Winningtons Financial
Notes:
Westminster Group plc is a leader in the supplyof system solutions and products tothe security, defence, fire protection and safety markets worldwide.
Westminster's principalactivity is the design, supply and ongoing support of advanced technologysecurity solutions. These can range from product only assignments, such as the supply of specialised scanners, to the designand implementation of an integratedsystem solution such as a border detection and surveillance system. The majority of itscustomer base, by value, comprises governmentsand government agencies, non governmental organisations and blue chip commercial organisations.
Westminster Group (WSG)