REG - Westminster Group - $1.7m Contract - 2 Airports in Southeast Africa

WestminsterAnnouncement

17/12/2021 07:00

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RNS Number : 9544V  Westminster Group PLC  17 December 2021

 

Westminster Group Plc

('Westminster', the 'Group' or the 'Company')

 

New $1.7m Contract Award

Security Solutions - Two Airports in Southeast Africa

 

Westminster Group Plc (AIM: WSG), a leading supplier of managed services and
technology-based security solutions worldwide, is pleased to announce that its
Technology division has been awarded a contract to design, supply and install
advanced screening and surveillance equipment to two airports in Southeast
Africa.

 

The contract, valued at circa US$1.7million and funded by the European
Investment Bank, has been awarded after a lengthy international competitive
tender process and involves the upgrading of security equipment, including new
x-ray screening & metal detection equipment, an advanced CCTV surveillance
system and new control and command centres at both airports. Westminster will
provide a full turnkey solution involving the design, supply and installation
of the systems and will be establishing an engineering presence in-country for
future maintenance and support services.

 

Westminster's bid was selected as the most advantageous after a combined
technical and financial evaluation. In accordance with the public procurement
regulations there is now a Standstill Period expiring at midnight on 26
December 2021 to allow for any unsuccessful bidder to request a debriefing or
issue a complaint regarding the process. Installation works are therefore
expected to begin in the new year and for the project to be completed and
recognised during 2022.

 

The Company is pleased to report that, despite the global pandemic impacting
its business during 2021, it has a healthy cash balance sufficient for its
current requirements.

 

Commenting on the contract award, Westminster CEO, Peter Fowler, said:

 

"In our trading statement dated 19 November 2021 I mentioned the impact of,
inter alia, ongoing COVID-19 related travel restrictions and ongoing general
business caution across the Company's targeted jurisdictions, had delayed
certain anticipated contract awards and/or associated revenue generation. This
is one example. The tender, which was initially announced in November 2020,
was expected to be awarded in Q1 2021 and largely completed during the current
year. However, principally due to the global challenges created by the
pandemic, the award deadline was extended several times during the year.

 

"I am delighted therefore that we have, at last, been awarded this important
new contract for advanced airport security solutions in Southeast Africa and
it is yet another example of Westminster's growing global reach across a wide
range of disciplines and demonstrates our ability to secure business in new
territories. Not only does this contract open a new region for our
international operations, but we believe creates an exciting opportunity for
our Managed Services division in developing a wider scope of works and
long-term support services at the airports.

 

"With new contracts coming online and the measures we have and are continuing
to put in place to mitigate the impact of the pandemic going forward, subject
to any significant and prolonged changes in the global situation occurring, we
remain confident for 2022 and beyond."

 

For further information please contact:

 

 Westminster Group Plc                                      Media enquiries via Walbrook PR
 Rt. Hon. Sir Tony Baldry - Chairman
 Peter Fowler - Chief Executive Officer
 Mark Hughes - Chief Financial Officer

 Strand Hanson Limited (Financial & Nominated Adviser)
 James Harris                                               020 7409 3494
 Ritchie Balmer

 Arden Partners plc (Broker)

 Richard Johnson (Corporate)                                020 7614 5900

 Tim Dainton/Simon Johnson (Broking)

 Walbrook (Investor Relations)
 Tom Cooper                                                 020 7933 8780
 Paul Vann
 Nick Rome                                                  Westminster@walbrookpr.com

 

 

Notes:

 

Westminster Group plc is a specialist security and services group operating
worldwide via an extensive international network of agents and offices in over
50 countries.

 

Westminster's principal activity is the design, supply and ongoing support of
advanced technology security solutions, encompassing a wide range of
surveillance, detection (including Fever Detection), tracking and interception
technologies and the provision of long-term managed services contracts such as
the management and running of complete security services and solutions in
airports, ports and other such facilities together with the provision of
manpower, consultancy and training services. The majority of its customer
base, by value, comprises governments and government agencies,
non-governmental organisations (NGO's) and blue-chip commercial organisations.

 

The Westminster Group Foundation is part of the Group's Corporate Social
Responsibility activities. www.wg-foundation.org
(http://www.wg-foundation.org)

 

The Foundation's goal is to support the communities in which the Group
operates by working with local partners and other established charities to
provide goods or services for the relief of poverty and the advancement of
education and healthcare particularly in the developing world.

 

The Westminster Group Foundation is a Charitable Incorporated Organisation,
CIO, registered with the Charities Commission number 1158653.

 

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