New Contract Award – Integrated Bank Security Systems in West Africa

Westminster International announces that it has been awarded a further contract with Ecobank, a leading independent West African Banking Group, with an initial value of circa USD90,000.

Ecobank serves wholesale and retail customers from its network of over 350 branches across 18 countries throughout West and Central Africa.

Westminster conducted a pilot installation for Ecobank in 2007 with a view to testing its integrated security solutions for roll out throughout the branch network. As a result of the successful pilot, Westminster has already installed systems in seven Ecobank branches within Ghana. The latest contract is for two additional branches in Accra, Ghana.

This contract involves the installation of high security, fully integrated security systems at each branch including CCTV surveillance, bespoke ATM monitoring equipment, access control and intruder alarm systems. The branch systems have the capability of automatically reporting to Ecobank’s Head Office to allow remote Control & Command, interrogation and monitoring of each individual branch.

It is Ecobank’s intention that Westminster will install similar security protection throughout its entire branch network. A further 6 branches have already been surveyed and are currently under consideration.

Commenting on the latest contract award, Peter Fowler, Chief Executive of Westminster Group, said:
"I am very pleased to announce this latest contract award especially as this is repeat business from an important client. It further demonstrates our ability to build long-term relationships and provide high quality services to emerging and third world economies."

"We see great opportunities for Westminster in the African, Asian and Middle Eastern markets. Our strategy of providing consultancy advice and technical support at a local level through our international agency network will, we believe, enable us to generate significant additional revenues from these regions. In this particular case, the potential to supply the system to Ecobank’s entire 350 branch network, including ongoing maintenance and technical support, would substantially boost our recurring revenues."