Contract Win
March 15 2006 - 2:01AM
UK Regulatory
RNS Number:8031Z
March Networks Corporation
15 March 2006
For immediate release 15 March 2006
March Networks
Republic Bank Selects March Networks for Deployment of Digital Video
Surveillance Throughout Its Network
OTTAWA, ONTARIO, March 15, 2006 -- March NetworksTM (TSX:MN; AIM:MNW), a leading
provider of Internet Protocol (IP)-based digital video surveillance solutions,
announced today that Republic Bank Limited has chosen March Networks as the
strategic supplier of digital video surveillance solutions for its operations.
Republic Bank Limited is one of the largest banks in the Caribbean with
operations and interests in Trinidad and Tobago, the Cayman Islands, Grenada,
Barbados, St. Lucia, Guyana, and the Dominican Republic.
The bank will deploy the March Networks solution at approximately 85 sites to
enhance public and employee safety, protect against fraud and theft, and boost
operational efficiency to better serve customers. The sites include bank
branches, automated teller machines (ATMs), and corporate offices.
"As an innovative financial institution we take pride in offering our customers
the most secure environment in which to conduct business," said Wayne Gomes,
Senior Manager - Operational Risk, Republic Bank Limited. "The March Networks
solution will not only provide us with an advanced security solution but also a
means to enhancing our business operations."
"The Republic Bank is a distinguished and state-of-the-art organization that
realizes the benefits of digital video surveillance in today's workplace." said
Peter Strom, president and CEO of March Networks. "I am pleased that we have
been able to extend our international banking presence in the Caribbean with an
industry leader such as Republic Bank Limited."
For Further Information, Please Contact:
March Networks Corporation Tel:+1 613 591 8181
Anil Dilawri
e-mail: adilawri@marchnetworks.com
Buchanan Communications Tel: +44 (0)20 7466 5000
Bobby Morse / Jeremy Garcia / James Strong
About March Networks
March NetworksTM (TSX:MN; AIM:MNW) is a leading provider of innovative IP-based
video applications used for security surveillance and monitoring. Our software
and hardware solutions allow businesses to increase operational efficiencies,
address risk, and manage assets with an integrated set of video-based
intelligence tools that support enhanced decision-making. Today, the ISO 9001:
2000 certified company serves the needs of leading banks, retail organizations
and transportation authorities in more than 40 countries throughout the world.
For more information, please visit www.marchnetworks.com.
Forward-Looking Statements
This release contains certain forward-looking information, including
expectations of future business. This information is based on the company's
current expectations and assumptions that are subject to a variety of risks and
uncertainties that are difficult to predict and that may be beyond March
Networks' control. Actual results could differ materially from those expressed
in any forward-looking statements due to factors such as customer demand and
timing of purchasing decisions, increased levels of competition, technological
changes and the successful development of new products, dependence on
third-party manufacturers, risks relating to intellectual property infringement
claims, and other risks and factors identified in March Networks' public filings
with regulatory authorities in Canada. March Networks assumes no obligation to
update these forward-looking statements as a result of new information or future
events.
*MARCH NETWORKS and the MARCH NETWORKS logo are trademarks of March Networks
Corporation. All other trademarks are the property of their respective owners.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTAKQKDOBKDFND
March Networks (LSE:MNW)
Historical Stock Chart
From Jun 2024 to Jul 2024
March Networks (LSE:MNW)
Historical Stock Chart
From Jul 2023 to Jul 2024