CashGuard's fully-owned subsidiary SQS has today entered into a cooperation agreement with Mexican security company Bissa for products and solutions using SQS technology. The agreement is worth at least SEK 20 million over a three year period. Bissa, a Mexican security company, has an annual turnover of around EUR 30 million and its main operations are based in Mexico City. Bissa will act as cooperation partner for all SQS's products and solutions throughout Mexico, dealing with marketing, sales and after-market support - such as training and servicing - locally."Mexico is an exciting market," says Agne Pettersson, CEO of CashGuard. "This cooperation is very important, since it represents a way into the Latin American market where the focus on security for CIT operations has increased considerably. It also demonstrates the fact that our products and solutions fit in and add value throughout the world." For further information, please contact: Ange Pettersson, Managing Director and Chief Executive Officer, CashGuard AB (publ); Tel: +46-8-732 22 00, agne.pettersson@cashguard.com Facts about CashGuard AB (publ) CashGuard develops and sells products and services for secure and fully automatic cash handling and cash logistics. Via direct sales and distribution partners, CashGuard focuses on retail companies, post offices and banks, as well as on security companies. The CashGuard Group has approximately 180 employees and had sales of SEK 323 million in 2006. CashGuard shares are listed on the Stockholm Stock Exchange.
CashGuard AB: Security cases with SQS technology for Mexico
| Source: Cash Guard AB