Five-Year Supply Agreement with Protime NV

Newmark Security plc (AIM: NWT), a leading provider of data management solutions and security systems, is pleased to announce that its subsidiary, Grosvenor Technology Limited, has entered a new five-year supply agreement with its long-standing partner, Protime NV, a market leader in time registration, access control and workforce planning, and part of SD Worx Group.

The agreement builds on an already successful collaboration over the last 25 years. Grosvenor will continue to supply Protime with its advanced GT Connect cloud services, market-leading time clock hardware and OEM access control equipment.

Importantly, the agreement supports both companies' strategic growth objectives, including the expansion into new territories and the delivery of enhanced workforce management solutions to enterprise customers. Grosvenor and Protime will also be collaborating on the development of new-generation devices which reflects a shared roadmap for innovation and growth.

Commenting on the new agreement, Marie-Claire Dwek, Chief Executive Officer of Newmark, said: "Signing this new, five-year agreement with a blue-chip partner like Protime underlines both the strength of our relationship and the capabilities of our GT Connect platform and integrated products, which set the standard for workforce management and data security. It is also a truly exciting development in terms of potential growth, as Protime's entry into new European territories will draw upon our solutions for their customers, creating new streams of recurring revenue. I look forward to updating our shareholders on the progress of the partnership."