Newmark Security PLC (LON:NWT) told investors that its Safetell subsidiary has landed two new contracts with two existing clients.
One client, a multinational financial services company, has inked a two-year contract for security and asset protection systems across a nationwide branch network (over 500 locations) and it is worth around £1.3mln.
The other, with a UK building society, is a three-year contract for auto doors located at branch entrances. It is worth an estimated £400,000.
READ: Newmark Security subsidiary lands new contracts
"Building on trusted relationships is core to our success at Safetell,” Paul Lovell, Safetell managing director said in a statement. “We understand that keeping a business's primary asset, its people, safe and secure in the workplace is paramount to both of these financial institutions."
Newmark chief executive Marie-Claire Dwek added: "These new contracts reaffirm the quality of Safetell's well-established product and services range, which have been highly regarded within the financial sector for many years."