Nexbis wins border control tender in Maldives

Nexbis wins border control tender in Maldives

Mobile security solution vendor Nexbis (ASX:NBS) has won a tender to design and supply a border control system for the Republic of Maldives.

The contract is a 20-year build, operate and transfer concession contract covering all entry and exit point systems, as well as security documents for foreign visitors and workers.

While the financial terms where not disclosed, Nexbis said it expects revenue contribution from the project in FY11.

NBS shares are today trading unchanged at $0.083.

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Tags securityNexBisbusiness dealsASX:NBS

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