PSI Group ASA's business area SQS Security, the leading provider of intelligent cash handling solutions for the international bank and Cash In Transit ("CIT") markets, has signed a framework agreement with a leading European CIT company to equip their fleet of vehicles with SQS Security's security cases and intelligent accessories. The first deliveries will start in April.
SQS Security's product range is based on a unique technology protected by more than 40 patents. The products are used by CIT companies, banks, ATM operators and retail stores. SQS Security is known for its impenetrable security cases, and extensive range intelligent accessories such as racks, key systems and complementary management software. Key concepts include Soft Car solutions (non-armored vehicle used for transporting cash) and full serviced End To End solutions for closed cash handling.
SQS Security has operations in several European countries and approximately 80 employees. SQS Security Qube System AB is a fully owned subsidiary of PSI Group ASA in Norway.
For further information, please contact:
Jørgen Waaler
CEO, PSI Group ASA
Tel +47 47 905 90 010
About PSI Group
PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden.
PSI Group is headquartered in Rælingen (Norway) and has 314 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.
For further information: www.psigroup.no