Digital Barriers plc Contract wins across APAC and EMEA (6290Q)
01 December 2016 - 6:00PM
UK Regulatory
TIDMDGB
RNS Number : 6290Q
Digital Barriers plc
01 December 2016
1 December 2016
Digital Barriers plc
("Digital Barriers" or the "Group")
Contract wins across APAC and EMEA
Digital Barriers plc (AIM: DGB, the "Group"), the specialist
provider of visually intelligent solutions to the global
surveillance, security and safety markets is pleased to announce
that it has secured contracts across EMEA and APAC. The total value
of these contracts is approximately GBP1.75 million and
includes:
-- First major contract win for body-worn video surveillance.
The multi-year contract, with a major Asia Pacific law enforcement
agency, is valued at approximately GBP1.0 million.
-- EUR0.35 million award for immediate delivery under multi-year
counter terrorism framework agreement for the Group's facial
recognition solution with European Ministry of Defence worth up to
EUR3.5 million.
-- Initial contract valued at GBP0.4 million with a flagship
Middle East government agency for EdgeVis Live surveillance
solutions to enhance operational capabilities.
Zak Doffman, Chief Executive Officer of Digital Barriers,
commented:
"Our body-worn video and facial recognition solutions have only
recently been launched by the Group, so this is an important moment
for us. The deals should act as a reference point for other
customers, helping to drive material revenues over the coming
years. This year we have built strong relationships in APAC and
EMEA with major government clients, looking to further embed our
solutions across an ever broader client base. These contract wins,
all of which are with new customers, are a clear indication of that
progress and we are now focused on converting a strong pipeline and
generating follow-on sales for our full suite of solutions."
For further information please contact:
Digital Barriers plc +44 (0)20 3553 5888
Zak Doffman, Chief Executive Officer
Sharon Cooper, Chief Financial Officer
Investec Investment Banking (NOMAD
& Broker) +44 (0)20 7597 5970
Andrew Pinder / Dominic Emery / Patrick
Robb
FTI Consulting LLP +44 (0)20 3727 1000
Edward Bridges / Matt Dixon
About Digital Barriers:
Digital Barriers provides visually intelligent solutions to the
global surveillance, security and safety markets. We deliver
zero-latency streaming and analysis of secure video and related
intelligence over wireless networks, including cellular, satellite,
IP mesh and cloud, utilising significantly less bandwidth than
standard technologies.
Our rapidly-installed fixed and mobile solutions for covert,
remote and wide-area deployments, as well as vehicle and body-worn
applications, have been sold into more than fifty countries, and
have been proven in some of the world's most demanding operational
environments. We also provide advanced video content analysis and
body scanning to identify safety concerns and threats in
real-time.
www.digitalbarriers.com
This information is provided by RNS
The company news service from the London Stock Exchange
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