Digital Barriers plc Contract awards
January 04 2013 - 2:00AM
RNS Non-Regulatory
TIDMDGB
Digital Barriers plc
04 January 2013
RNS Reach
4 January 2013
Digital Barriers plc
("Digital Barriers")
Contract awards
The Board of Digital Barriers plc (AIM: DGB, the "Group") (the
"Board"), the specialist provider of advanced surveillance
technologies to the security and defence sectors, is pleased to
announce the award of a development contract by a major US
government agency, a new customer for the Group. Valued at
approximately GBP400,000, the contract is to support the Group's
ongoing development of world-class video surveillance products
based on its TVI technology, one of the Group's core strategic
technologies. The on-going development will include a new range of
products designed to meet the specific needs of the law enforcement
sector. The contract is expected to be fulfilled this calendar
year, after which the Group expects significant product sales
across multiple US and international law enforcement agencies
resulting from this next phase of development.
Digital Barriers plc is also pleased to announce two important
contract awards for products based on its ThruVision passive
screening technology, also one of the Group's core strategic
technologies. The first, by an existing US customer, is valued at
approximately GBP300,000 and will be fulfilled this financial year;
it is for the standoff detection of person-borne explosive devices,
and should lead to further sales nextyear. The second, with a new
UK-based partner working in specialist sectors in the Middle East,
isfor the protection of high-profile overseas government locations;
it is valuedat approximately GBP350,000 and will also be fulfilled
this financial year with further sales expected next year.
Colin Evans, Managing Director of Digital Barriers
commented:
"These are three highly significant contracts for Digital
Barriers as we continue to market our world-class technologies into
key international markets,including the United States, by far the
largest defence and security market in the world.
The TVI development contract is very important for Digital
Barriers. Not only is this a new flagship customer for the Group,
but it also means that a major US government agency has selected
TVI as their platform of choice for its next generation video
surveillance capabilities, further confirming its status as a
world-class technology. Once development has been completed, we
will have a range of new advanced video surveillance products that
we can take to multiple customers in the US and around the
world.
The two ThruVisioncontracts, both of which should open up
significant follow-on opportunities, illustrate how this technology
is being increasingly recognised as a genuinely disruptive
capability in the detection of explosives, weapons and smuggled
contraband. The detection of person-borne IEDs and concealed
weapons is an important and valuable application of the technology,
and we are extremely pleased that ThruVision can help our customers
address such threats.
The contracts demonstrate the strong progress that the Group
continues to make in key international markets."
For further information, please contact:
Digital Barriers plc Tel: 020 7940 4740
Tom Black, Executive Chairman
Colin Evans, Managing Director
Zak Doffman, Development Director
Investec Investment Banking Tel: 020 7597 5970
Andrew Pinder/ Dominic Emery
FTI Consulting Tel: 020 7831 3113
Edward Bridges/ Matt Dixon/ Elodie Castagna
About Digital Barriers
Digital Barriers provides advanced surveillance technologies to
the international homeland security and defence markets,
specialising in 'edge-intelligent' solutions that are designed for
remote, hostile or complex operating environments. We work with
governments, multinational corporations and system integrators in
the defence, law enforcement, critical infrastructure,
transportation and natural resources sectors. Our surveillance
technologies have been successfuly proven on some of the most
demanding operational and environmental deployments around the
world.
www.digitalbarriers.com
This information is provided by RNS
The company news service from the London Stock Exchange
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