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Croma Security Wins Three New Contracts, Including Bank Fastvein Deal

9th Jun 2015 06:51

LONDON (Alliance News) - Croma Security Solutions Group PLC Tuesday said it had won three new contracts in the UK, including a further three-year deal worth between GBP1.1 million and GBP1.2 million to provide maintenance, servicing, installation and upgrade work for ODEON cinemas.

It also signed a further five-year contract with Hilton Hotels to continue routine maintenance of its revenue parking systems and servicing. It expects this deal total GBP0.9 million over the five years, with the possibility of additional revenue for upgrade works over the tenure of the contract.

Croma said it also won a deal to instal a secure Fastvein biometric access control system into "the second largest Bank in the UK", working in partnership with Hitachi, for an undisclosed value.

"The contract win for the provision of Fastvein to a major international bank is significant. We have developed Fastvein in conjunction with Hitachi and this has led to a formal partnership. Fastvein provides the simplest, most accurate and fastest biometric access control, time and attendance and identification management system in the market. A contract win with a major bank opens up the financial sector and validates the considerable benefits of Fastvein," Croma Chairman Sebastian Morley said in a statement.

By Steve McGrath; [email protected]; @stevemcgrath1

Copyright 2015 Alliance News Limited. All Rights Reserved.


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