Upgrade to E-Lock Ushers in New Era in India

Gunnebo Security Group has come to an agreement with global multinational bank
in India to upgrade its current safes and supply all its new safes with
Gunnebo’s high-security electronic lock, GSL 1000.
This new intiative by the international bank is part of a global project started
in the Middle East and which has now expanded to India. It will see the bank
deploying Gunnebo’s state-of-the-art GSL 1000 electronic lock across 93 branches
over the next two years. The project marks the first commercial installation of
GSL 1000 in India.

“This foreign multinational bank has given us the opportunity to usher in a new
era in bank security,” says Sandeep Deshpande, Country Manager & Managing
Director Gunnebo India. “The GSL 1000 allows for remote monitoring over an
entire fleet of locks, giving instant control to security managers over security
protocols, no matter where the location.”

The agreement will see all existing safes and vaults across Indian branches
retrofitted with the lock, work which will be carried out by Gunnebo’s Business
Area Global Services. All new safes will come from the factory with GSL 1000
already fitted.

“This is an excellent example of how we are supporting our customers in
increasing their efficiency through choosing the best local solutions from a
global offering,” says per Borgvall, Gunnebo’s President and CEO.
GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Per Borgvall, President and CEO Gunnebo AB, tel. +46 10 2095 000, or
Karin Wallström, Communication & IR Director Gunnebo AB, tel. +46 10 2095 026,
or e-mail: karin.wallstrom@gunnebo.com

www.gunnebogroup.com
The Gunnebo Security Group provides efficient and innovative security solutions
to customers around the globe. It employs 5 800 people in 31 countries across
Europe, Asia, Africa, Australia and Americas, and has a turnover in excess of
€580m. Gunnebo focuses its global offering on Bank Security & Cash Handling,
Secure Storage, Global Services and Entrance Control.

We make your world safer.