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Market: AIM
Sector: Technology Hardware & Equipment
EPIC: WSG
Latest Price: 30.75p  (-7.52% Descending)
52-week High: 43.50p
52-week Low: 7.38p
Market Cap: 10.02M
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Westminster Group
www.wg-plc.com

The Westminster Group is a specialist security group operating worldwide via an extensive international network of agents and offices in over 45 countries. The Group's principal activity is the design, supply and ongoing support of advanced technology Fire, Safety, Security and Defence solutions to governments and government agencies, non governmental organisations and blue chip commercial organisations worldwide. The Group is listed on the AIM market of the London Stock Exchange and its Corporate Headquarters and Demonstration Grounds occupy a 4½ acre site, discreetly located in the heart of the English countryside.

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Westminster Group wins new contracts worth £275,000

21st Feb 2011, 7:07 am Westminster Group wins new contracts worth £275,000

Westminster Group PLC (LON:WSG) said it has secured a number of new contracts from around the world worth a combined total of £275,000.  All of these contracts have been awarded in 2011, mostly this month, and will be delivered during the first half.

The deals cover a wide range of customers and services and are in line with Westminster’s stated objective to deliver niche projects and services worldwide.

In addition to being a regular supplier to the UK Ministry of Justice, the company has secured orders for the provision of security surveillance and scanning equipment to the Republic of Ireland Prison Service and the Scottish Prison Service, building on Westminster’s experience of providing security equipment to prisons, correctional establishments and custodial facilities.

Westminster has secured orders to deliver explosive detection equipment to the UK nuclear decommissioning industry, scanning equipment to Algeria and Libya, blast protection to a blue chip client in Egypt and a sophisticated remote controlled access system for a UK utility company.

It has also been contracted to provide additional protection to the National Bank of Ethiopia in Addis Ababa which is an extension to the contract awarded in 2010 and in addition Westminster has been contracted to carry out a full risk assessment and appraisal of the security systems within the National Bank of Sudan.

Further, the group won a contract to undertake a risk assessment and security survey at a high profile target site in North America. This project will involve a complete threat assessment of the site and the design of a sophisticated security solution to cover both the external and internal areas of the site. The contract will be completed within the next two months.

Following the assessment, Westminster will present a detailed programme of security measures for consideration which, if accepted, could lead to a sizeable implementation programme, it added.

The latest deals follow hard on the heels of a number of other contracts that have been rolling in since the start of the year.  Last week, Westminster won an order to supply security equipment to a national embassy in Kabul, Afghanistan.

At the end of January, the group secured distribution rights in the UK and the Middle East for the identity fraud detection software of Texas-based Infoglide Software.  Westminster expects the product to be popular with national security agencies across the Middle East in particular.

Also in January, the Longmoor Security Ltd unit secured a new contract to provide specialist consultants to undertake a risk assessment and security survey to one of India's oldest and most revered temples.

In fact, sparking the contract firework of the year so far were two deals that were announced in quick succession after traders and investors returned from their Christmas break.

On January 6, the company announced the largest contract win to date, with a multi-million dollar deal to sell mobile surveillance systems to a new government client.  And only days later, it announced a US$645,000 countermeasures system order from a new governmental client in the Far East.

Chief executive Peter Fowler said today: “I am very pleased to be able to announce these latest contract awards from around the world which illustrate the group’s momentum in 2011. We are starting 2011 with our highest ever order book.

“The broad range of products and services being delivered and the widespread geographic nature of the contract wins further indicate the growing international presence and reputation the group now enjoys.” 

Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions, risk assessments and close protection services.  It serves the security, defence, fire protection and safety markets worldwide.       

Services can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of Westminster’s customer base, by value, comprises governments and government agencies, non-governmental organisations and blue chip commercial organisations.

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