News

UK firm locks up 1st international deal for Gryphon3 ATM anti-gas attack solution

July 28, 2016

Newcastle, England-based Lockpoint says that it has secured a deal with a large international security company to supply its Gryphon3 product to the Greek market as part of a major trial.

According to a press release, the agreement responds to a growing threat to Greek ATMs from explosive attacks, which have been carried out by armed gangs and by criminals using explosive gases to blow up cash machines.

"The ability of our Gryphon3 to provide the ultimate protection against both armed attack and gangs with explosives makes it the ideal product to counter the twin threats in Greece," said Lockpoint Chief Executive Bill Price. "The Gryphon will not prevent attacks but if the cash is protected, experience shows the threat quickly declines."

Lockpoint designed the original Gryphon model specifically to counter the threat to CIT providers from armed gangs. The device comprises a set of interlocking steel doors that protect the four ATM cash drawers. No more than one door can be open at any time, which makes the ATM a less attractive target for criminals, the release said.

The Gryphon3 evolved from the original design as an answer to explosive gas attacks, which have posed a significant threat in the U.K. in recent years.

Lockpoint teamed with Gexcon, an explosion research company, to prove the product's resilience in successful laboratory and field tests, the release said.

Price said that the deal in Greece was aided in part by Lockpoint's work with partners at U.K. Trade & Investment to improve its international communication message. The value of the contract has not been disclosed.