Digital Barriers plc $8.0 million US Government Contract Awards (7952C)
20 April 2017 - 4:00PM
UK Regulatory
TIDMDGB
RNS Number : 7952C
Digital Barriers plc
20 April 2017
RNS
20 April 2017
Digital Barriers plc
("Digital Barriers" or the "Group")
$8.0 million US Government Contract Awards
Digital Barriers (AIM: DGB), the specialist provider of visually
intelligent solutions to the global surveillance, security and
safety markets, is pleased to announce the award of a contract with
a major US federal law enforcement agency and existing customer
valued at $7.2 million. This contract is one of several that were
in the final stages of procurement at the time of the Group's
trading update on 24 March.
The contract is for the supply of specialist surveillance
equipment from one of the Group's strategic partners, which this
agency uses alongside its installed base of Digital Barriers
technology. The Group is currently working with this strategic
partner to explore the potential for further joint product
collaboration that would build upon their combined installed
bases.
This latest contract award follows the signature of several
smaller awards with other US government customers this month,
valued in combination at $0.8 million. These contracts are all
expected to be delivered in full in the current financial year.
In total, the Group now has approximately GBP15 million in
contracted sales already secured for delivery in the current
financial year.
Zak Doffman, Chief Executive Officer of Digital Barriers,
commented:
"The US remains our most important strategic market, and this
latest set of contract awards shows that we continue to make good
progress, albeit with the challenge of the actual timing of the
awards. We now have a very strong contracted backlog position for
the current financial year, with approximately GBP15 million
already secured. We continue to focus all of our efforts on the
pace and tempo of further sales closures."
For further information, please contact:
Digital Barriers plc Tel: 0203 553 5888
Zak Doffman, Chief Executive
Officer
Sharon Cooper, Chief Financial
Officer
Investec Investment Banking Tel: 020 7597 5970
Andrew Pinder/ Dominic
Emery /
Patrick Robb
FTI Consulting Tel: 020 3727 1000
Edward Bridges/ Matt Dixon/
Harry Staight
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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