The leading provider of proprietary security solutions for the international bank and Cash In Transit (CIT) markets, Security Qube Systems AB, has entered into an agreement to deliver approximately 500 security cases to a leading European security and cash handling company. The agreement also comprises service agreements. The cases will be delivered during 2009 and beginning of 2010. - We are very happy to receive yet another important contract related to SQS. At the same time this ensures a high level of activity in the forthcoming quarters. Not only does this provide a good foundation for continued positive development and profitability, but it is yet another clear proof that the leading and proprietary technology from SQS is demanded by the largest players in Scandinavia, Europe and internationally, says Jørgen Waaler, CEO of PSI Group, and adds: - The market development for secure and closed cash handling solutions is very positive, which we are experiencing across the entire cash handling value chain. Despite the though financial macro environment during the past year, the demand for the company's leading security technology has been relatively steady. Based on advanced, proprietary and proven technology, SQS delivers market leading security solutions to the most advanced players - and with the highest safety requirements in the market place. The new agreement comprises service agreements for the cases, which represent a considerable value both to SQS and the customer. In this way, the customer has taken the initiative to renew its cases for valuables transport and related security solutions in an efficient and optimal manner. SQS (Security Qube System) is a subsidiary of PSI Group and forms one of the group's three business areas - Cash Management CIT / ATM. The company's development and production operations as well as administration and management team are located in Skellefteå, Sweden. The customers are mainly Nordic, European and international CIT companies and banks. For additional information please contact: Jørgen Waaler CEO of PSI Group ASA Phone +47 905 90 010 Facts about PSI Group PSI Group is a leading global provider of closed cash handling solutions in the society and provider of retail technology for improving the efficiency of price, goods and consumer information in selected geographical areas. PSI Group is head quartered in Rælingen (Norway) and employs around 360 staff in Scandinavia and Europe. The company is listed on theOslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, visit www.psi.no
SQS enters into contract for delivery of security cases to a leading European security and cash handling company
| Quelle: PSI Group ASA