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News

ATM Cash in Transit Protection Company Acquisition

Newmark Security : 03 May, 2010  (Company News)
Newmark Security has purchased ATM Protection, a company producing adhesive bonding for bank notes to provide additional protection for cash stolen while in transit
Newmark Security announces that its wholly owned subsidiary Safetell has purchased a 60 per cent. share in ATM Protection UK (ATMPUK), a specialist designer and developer of security systems to protect ATMs. ATMPUK has developed a unique adhesive bonding technology to provide protection of cash when stolen from Cash in Transit (CIT) delivery crews.

The ATMPUK T9 security container is a significant advance on existing technology. With the T9 system, in the event that the cash is stolen, the bonding technology damages the banknotes beyond use by bonding them together irreversibly. The bonding liquid glues banknotes together and tearing the notes apart is the only method of separation. This ensures rejection by note-changing machines and by the public. The system can be applied to all cash storage containers including safes. Further products in the same security sector will be developed in the near future.

The bonding system will form the basis of a comprehensive solution to protect cash and valuables in all aspects of cash delivery in the CIT vehicle during transit, across the pavement to customer premises and free standing ATMs. Safetell will build the T9 security containers at their premises in Dartford.

ATMPUK has worked closely with Loomis UK, the largest CIT company in Europe and the second largest in the UK, to develop this unique solution for cash deliveries. Loomis will conduct an initial trial of the T9 security container in the South of England over a 12 week period, and subsequently, on the expected successful completion of the trial, Loomis will place further orders to the value of £4 million to deploy the T9 security containers across their UK depots over the next three years. Loomis are also considering taking the T9 system across their European network.

Commenting on the acquisition, Maurice Dwek, Chairman of Newmark Security plc, said: "ATMPUK estimate the potential market in UK and Europe for the cash protection system to exceed £75 million. I am therefore delighted that Newmark will be taking an active part in this exciting new security development which will bring further expansion to the scope of the Group's operations and scale of activities."
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