SQS, which develops leading security solutions for the international ATM and CIT markets, has just received three individual delivery contracts for a total of 800 security cases. The customers are among the largest within valuables transports in the Nordic region and worldwide. According to the agreements, which also include service contracts, the security cases - which feature SQS's leading technology - are expected to be delivered already in the course of the fourth quarter this year. - We are extremely satisfied that leading players in the Nordics, Europe and internationally once again choose the leading security solutions from SQS. It is of both great commercial and strategic value. This time it involves not only one of the largest companies within valuables transports in the Nordics as well as Europe and worldwide, but also a leading Mexican company. These contracts provide us with yet another proof of the very attractive position we possess with the leading security solutions from SQS for the international banking and valuables transport markets. At the same time these new delivery contracts come in place after a period where SQS has entered into several contracts. It proves that the company's leading technology within the whole product range is attractive and recognised both in the Nordic region, Europe and internationally, says Jørgen Waaler CEO of PSI Group, and adds: - It is also encouraging to note that SQS is experiencing excellent levels of activity and development. In this market volume deliveries represent significant synergies, something which reflects the importance of this kind of valuable agreements as well as its contribution to forming a bright outlook for SQS in the coming quarters. SQS (Security Qube System) is a subsidiary of PSI Group and now 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 banks as well as companies within valuables transports. 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 the Oslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, see www.psi.no.
SQS enters into several contracts following increased interest in the Nordics, Europe and internationally
| Source: PSI Group ASA