Westminster Group Plc, the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets, announced a new contract for the supply of scanning equipment. It’ll be used in a counter terrorism role to protect a key installation in an unnamed Middle Eastern country.
The contract, secured by the Group’s international division and valued at about $3m, is to provide screening of lorries and vehicles entering an oil and gas plant to scan for contraband and threats concealed within vehicles before they enter. Once delivered there is potential for recurring revenue via a multiyear maintenance agreement, due to the sophistication of the equipment concerned. The order is expected to be delivered in the summer of 2013.
Peter Fowler, Chief Executive of Westminster Group, said: “I am delighted to start 2013 with the announcement of this latest multi-million USD contract award to an important new customer within the Middle East. The contract is significant, not only in terms of revenue but also in terms of future business potential, particularly as we are in discussions with this and other customers in the same country for the provision of high technology solutions for the protection of critical national infrastructure.
“This is a further validation of our business model of providing niche products and large scale integrated solutions to governments and major corporations within the Middle East, Africa and Asia.”
For further information – see the company’s website, www.wg-plc.com.
