Electronic Control Security, Inc. Awarded Contract Potentially Worth $7.8 Million to Supply Security Systems and Support Serv...
October 24 2012 - 11:15AM
Marketwired
Electronic Control Security, Inc. (OTCBB: EKCS) (ECSI), a global
leader in state-of-the-art integrated entry control and perimeter
security systems, today announced receipt of a contract potentially
worth $7.8 million to supply security systems and support services
for the U.S. Navy.
Arthur Barchenko, President & CEO of ECSI, stated, "This
contract offers ECSI another vehicle through which to apply our
products and services to the federal marketplace in ways that
effectively address our nation's force protection requirements. The
contract includes a 5-year period of performance. Anticipated task
orders include requirements for electronic security systems (access
control systems, intrusion detection systems, surveillance systems,
command and control equipment) and support services (design and
engineering, fabrication and assembly, systems integration, testing
and training, logistics and maintenance support)."
Further, Mr. Barchenko commented that, "Proposals have been
submitted in response to additional Department of Defense and
Department of Energy security upgrade requirements with anticipated
contract awards scheduled for fiscal 2013 through 2015."
About ECSI
ECSI is a global leader in entry control and perimeter security
and a quality provider to the Department of Defense, Department of
Energy, nuclear power stations, and other large
commercial-industrial complexes. The Company designs, manufactures
and markets physical electronic security systems for high-profile,
high-threat environments utilizing risk assessment and analysis to
determine and address the security needs of its customers. Teaming
agreements with major system integrators enable ECSI to support the
installation and aftermarket of its products in the U.S. and
overseas. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1,
Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more
information on ECSI and its customers, please visit
http://www.ecsiinternational.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press
release contains forward-looking statements that involve
substantial uncertainties and risks. These forward-looking
statements are based upon our current expectations, estimates and
projections about our business and our industry and reflect our
beliefs and assumptions based upon information available to us at
the date of this release. We caution readers that forward-looking
statements are predictions based on our current expectations about
future events. These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties and
assumptions that are difficult to predict. Our actual results,
performance or achievements could differ materially from those
expressed or implied by the forward-looking statements as a result
of a number of factors, including but not limited to changes in
economic conditions generally and in our industry specifically,
changes in security technology, receipt and timing of collections
from purchase orders, legislative or regulatory changes that affect
us, the availability of working capital, changes in costs and the
availability of goods and services, the introduction of competing
products, changes in our operating strategy or development plans,
sufficiency of cash reserves and the risks and uncertainties
discussed under the heading "RISK FACTORS" in Item 1 of our Annual
Report on Form 10-K for the fiscal year ended June 30, 2009 and in
our other filings with the Securities and Exchange Commission. We
undertake no obligation to revise or update any forward-looking
statement for any reason.
FOR CONTACT: Daryl Holcomb (973) 574-8555
Electronic Control Secur... (CE) (USOTC:EKCS)
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