29th Oct 2009 07:00
29 October 2009
NORCON PLC
("Norcon" or "the Company")
Contract Extension
Norcon plc (LSE/AIM: NCON), a leading international provider of services to clients in the telecommunications, IT and defence sectors, is pleased to announce it has signed a two year contract extension with the UAE Armed Forces.
The agreement is an extension of a previous contract signed in 2006 and will see Norcon manage the procurement and implementation of the UAE Armed Forces' Joint Command and Control system, a complex IT system which manages all of the UAE's defence assets. With Norcon's highly specialised and skilled staff base and extensive experience, the Company is well suited to manage a project of this magnitude.
Additionally, Norcon has continued to renew its contracts with its current telecom clients in territories such as Indonesia, Saudi Arabia, Kuwait and Qatar. Business development efforts continue in South Africa, India and select other locations.
Arnold Rørholt, Chief Executive Officer of Norcon, commented, "This contract renewal in UAE is a significant contract for the Company, confirming our credentials in the defence sector and adding to our long-term revenue visibility. We have identified substantial opportunities in this field as project spending continues to be very high in the Gulf regions and believe the Group's proven reputation in this area means we are well positioned to capitalise on some of these opportunities."
CONTACTS:
|
Norcon plc |
|
|
Arnold Rørholt, Chief Executive Officer |
+47 90 11 66 90 |
|
Marne Martin, Chief Financial Officer |
+44 (0) 78 13 92 09 74 |
|
|
|
|
ICIS |
|
|
Tom Moriarty or Caroline Evans-Jones |
+44 (0) 20 7651 8688 |
|
|
|
|
FinnCap |
|
|
Clive Carver or Rose Herbert |
+44 (0) 20 7600 1658 |
ABOUT NORCON:
Norcon is an international leader providing services to clients in the telecommunications, IT and defence sectors. A multinational company, Norcon since 1957 has worked in more than 20 countries in all regions of the world. www.norconplc.com
Related Shares:
NCON.L