Newmark Security plc Interim Results

Newmark Security plc, a leading provider of electronic and physical security systems, today announces its interim results for the six months ended 31 October 2011.
Highlights:

• Turnover for the period 2% higher than the corresponding period last year

Electronic Division       

• New SATEON access control software wins first competitively fought tender      
• SATEON version 2.2 will be released shortly and will be available for export      
• Committed partners in US for OEM terminals with substantial revenue potential

 
Asset Protection Division    

• Contracts for Products division delayed in first half expected to be completed in second half       
• Service division sales 9.4% higher than the corresponding period last year        
• Award of one off security product upgrade to be performed in second half of the year worth £0.5m turnover

Commenting on the results, Maurice Dwek, Chairman of Newmark Security plc, said: “Trading in the current environment continues to be difficult but the Board anticipates a more positive second half of the financial year with the first sales of SATEON systems, improved sales of OEM products in the US, the contracts in Safetell deferred from the first half and the security upgrade work also within Safetell. In the longer term, the Group has many exciting developments including the SATEON access control system and the new market in the US for OEM products. These developments will ensure that Newmark has a strong portfolio of products which the Board is optimistic will provide significant opportunities to drive revenue growth going forward.”