London Underground Contract
November 23 2006 - 2:03AM
UK Regulatory
RNS Number:5667M
March Networks Corporation
23 November 2006
For immediate release 23 November 2006
March NetworksTM
New Trains for London Underground to be Equipped
With Bombardier and March Networks Video Surveillance System
OTTAWA, ONTARIO, November 23, 2006 -- March NetworksTM (TSX:MN; AIM:MNW), a
leading provider of Internet Protocol (IP)-based digital video surveillance
solutions, announced today that 190 new trains for Metronet Rail, which will
operate on the London Underground's sub-surface lines (SSL), will be fitted with
the Bombardier SEKURFLO transit security solution. The video surveillance
component of the SEKURFLO system is jointly designed and developed by Bombardier
Transportation and March Networks. The systems will be installed in the new
trains during their manufacture at Bombardier's plant in Derby, UK. The first
new SSL train will enter passenger service on the Metropolitan line in 2009.
With more than 3 million passenger journeys per day, the London Underground is
one of the largest metro systems in the world. Metronet Rail is investing
around US $30 billion over 30 years to upgrade nine of the 12 London Underground
lines. The SEKURFLO solution will be used by operations staff to capture video
for monitoring the safe and efficient flow of passengers along with supporting
the efficiency of operations. The solution also will incorporate intelligent
video analytics to enhance the reliability and quality of the surveillance
system.
Peter Strom, President and CEO of March Networks said, "March Networks is
committed to offering the most advanced mobile video solutions to leading
passenger rail operators such as the London Underground. Bombardier's market
leadership will allow March Networks and the SEKURFLO solution to become the
standard for rail operators throughout the world."
About March Networks
March NetworksTM (TSX:MN; AIM:MNW) is a leading provider of innovative video and
data applications used for security surveillance, monitoring, analysis, and
business optimization. The Company's software and IP-based hardware solutions
allow businesses to increase operational efficiencies, address risk, and manage
assets with an integrated set of video-based intelligence tools and business
intelligence applications. The ISO 9001:2000 certified company serves the needs
of leading financial institutions, retailers, transportation authorities, and
commercial and homeland security organizations in more than 40 countries
throughout the world. For more information, please visit www.marchnetworks.com.
Forward-Looking Statements (March Networks)
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Anil Dilawri, March Networks Corporation
613-591-8181
e-mail: adilawri@marchnetworks.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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