Nighthawk Systems Receives Order From American Traffic Solutions, Inc.
30 January 2008 - 11:00PM
Business Wire
Nighthawk Systems, Inc. (OTCBB: NIHK), a leading provider of
intelligent wireless power control devices and solutions, today
announced that it has received an initial order from American
Traffic Solutions, Inc.(�ATS�), a preferred provider of photo
traffic and electronic toll enforcement programs in North America
with dominant market share in New York, Texas, Arizona, Missouri,
Pennsylvania, Florida, and Louisiana. The initial order of 600
Nighthawk wireless control units is expected to begin shipment this
month with final delivery to be received by May 2008. Nighthawk
Systems has already been notified to expect significant follow-on
orders. On September 25, 2007, ATS was granted the exclusive right
to sell or resell Nighthawk�s wireless power control system for
specific use in automated photo traffic enforcement and electronic
toll and traffic management devices. Nighthawk designed and built a
customized product to be integrated into the industry leading ATS
solution. As such, the specialty product generates a higher return
per unit to Nighthawk than other standard products, yet offers more
functionality and a quicker return on investment to ATS than
previously-used technologies. ATS manufactures and markets vehicle
traffic enforcement equipment and systems. Privately held and
headquartered in Arizona, ATS has been rapidly growing over the
past year as more city budgets have tightened, increasing the need
for tools beyond the patrol car to help with traffic management and
as the public has increasingly shown support for the use of cameras
as a safety precaution to crack down on speeders and red-light
runners. ATS has added over 200 employees in the past year and is
currently deploying product into 16 states. At the core of ATS
mission is its dedication to evolutionary technology. By adding the
Nighthawk wireless control system, the ATS system has the ability
to wirelessly access and control power to equipment at each site
independently and simultaneously from a central source. H. Douglas
Saathoff, Nighthawk�s CEO, stated, �The sequential improvement in
our revenues each quarter over the past two years was dominated by
our success in the electric utility industry. With today�s
announcement, we are establishing a new product line, a
fault-tolerant control system that provides secure and reliable
access in mission-critical and emergency situations. This product
carries higher returns than our current business and has
applications in numerous industries beyond the photo enforcement
market. There is a growing need for this product at ATS and within
other communication networks that require reliable, remote access
to ensure that critical equipment is working properly. Many
internal and external factors within a network can cause network
components and digital equipment to lockup or go down completely.
Nighthawk is the only provider that offers a wireless, out-of-band
solution that enables on-demand access to those critical
components, ensuring that equipment is operating when it needs to
be. We look forward doing a great job addressing this new
opportunity.� About American Traffic Solutions, Inc. Headquartered
in Scottsdale, AZ, American Traffic Solutions is a leading provider
of technology and business solutions that support traffic safety
and electronic toll collection programs worldwide. ATS is a private
corporation, serving more than 100 municipalities and government
agencies. ATS is the largest provider of photo traffic enforcement
programs to America�s big cities, with contracts in New York City,
Philadelphia, Washington, D.C., St. Louis, San Diego and Seattle;
Houston, Fort Worth, Irving and Arlington, Texas; New Orleans and
Baton Rouge, Louisiana; and Phoenix, Tucson, Mesa, Glendale and
Scottsdale, Arizona. ATS is also responsible for the supply and
support of Canada�s largest digital red light camera and speed
enforcement program in Calgary, Alberta. About Nighthawk Systems,
Inc. Nighthawk is a leading provider of intelligent devices and
systems that allow for the centralized, on-demand management of
assets and processes. Nighthawk products are used throughout the
United States in a variety of mission critical applications,
including remotely turning on and off and rebooting devices,
activating alarms, and emergency notification, including the
display of custom messages. Nighthawk�s IPTV set top boxes are
utilized by the hospitality industry to provide in-room standard
and high definition television and video on demand. Forward-looking
statements Statements contained in this release, which are not
historical facts, including statements about plans and expectations
regarding business areas and opportunities, acceptance of new or
existing businesses, capital resources and future business or
financial results are "forward-looking" statements. You should not
place undue reliance on these forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties,
including, but not limited to, customer acceptance of our products,
our ability to raise capital to fund our operations, our ability to
develop and protect proprietary technology, government regulation,
competition in our industry, general economic conditions and other
risk factors which could cause actual results to differ materially
from those projected or implied in the forward-looking statements.
Although we believe the expectations reflected in the
forward-looking statements are reasonable, they relate only to
events as of the date on which the statements are made, and our
future results, levels of activity, performance or achievements may
not meet these expectations. We do not intend to update any of the
forward-looking statements after the date of this press release to
conform these statements to actual results or to changes in our
expectations, except as required by law.
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