Digital Barriers plc $7.0m US and Africa Contract Awards (4913T)
06 January 2017 - 6:00PM
UK Regulatory
TIDMDGB
RNS Number : 4913T
Digital Barriers plc
06 January 2017
6 January 2017
Digital Barriers plc
("Digital Barriers" or the "Group")
$7.0m US and Africa Contract Awards
- $6.0m contract with major US Federal Agency under US
procurement framework -
- $1.0m contract with new customer in Africa for ThruVis
technology -
Digital Barriers plc (the "Group"), the specialist provider of
visually intelligent solutions to the global surveillance, security
and safety markets, is pleased to announce the award of two
contracts with a total value of $7.0 million.
The first contract valued at $6.0 million and for delivery in
the first half of the next financial year, is with a major US
Federal law enforcement agency and existing customer of Digital
Barriers. The contract is for specialist surveillance equipment
from one of the Group's strategic partners, which this agency uses
alongside its install base of Digital Barriers technology.
The second contract is with a new customer in Africa and is for
the Group's ThruVis technology which helps protect crowded public
spaces from concealed weapons and explosives. The contract is
valued at approximately $1.0 million and will be delivered in the
current financial year.
Zak Doffman, Chief Executive Officer of Digital Barriers,
commented:
"Our US business continues to make good progress, where we are
utilizing the framework agreements in place to sell specialist
technology to key government customers and generate follow-on
sales. Today's contract award continues to highlight the rationale
for our acquisition of Brimtek, which enables us to sell and
deliver a wider range of technologies into the US surveillance
market. Meanwhile, the ThruVis contract award, into a new and
important customer in Africa, again illustrates the uniqueness of
this technology which delivers a level of protection unavailable
from any other technology in the marketplace."
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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