Digital Barriers plc Contract Announcements (7995O)
September 25 2013 - 2:00AM
UK Regulatory
TIDMDGB
RNS Number : 7995O
Digital Barriers plc
25 September 2013
25 August 2013
Digital Barriers plc
("Digital Barriers")
Contract Announcements
The Board of Digital Barriers plc (the "Group"), the specialist
provider of advanced surveillance technologies to the security and
defence sectors, is pleased to announce the award of two new
contracts with overseas customers for the Group's fully integrated
Unattended Ground Sensor ("UGS") solution.
The first of these is an initial contract from a major
Asia-Pacific government for the supply of the Group's UGS solution
for border protection. The contract award, which represents the
culmination of an extended customer trial and the selection of the
Group's technology as a strategic solution for the protection of a
very high-profile border, is valued at approximately GBP1.0 million
and will be fulfilled principally this financial year. It is
expected to lead to significant follow-on sales over the next few
years. It also provides an excellent reference sale for other
significant border protection opportunities, which the Group is
actively pursuing.
The Group has also secured a small initial contract award for
its UGS solution into a defence customer in Australasia. This
initial contract award will be fulfilled this financial year and is
expected to lead to further sales with the customer
organisation.
Tom Black, Executive Chairman of Digital Barriers commented:
"The selection of our technology for the protection of a very
high-profile border by a major overseas government is a seminal
moment for the Group. This solution integrates technology and
capabilities from four of our acquisitions, and provides a unique
offering which is now generating significant interest from flagship
customers around the world. We now have active engagement and
ongoing trials with many of these high-profile customers, and we
have seen initial contract awards in several different countries.
In July we announced a significant follow-on UK award for this
solution, clearly demonstrating that the technology is
operationally effective, and providing an exceptional reference for
international customers. Digital Barriers now has a tremendous
opportunity to market this technology around the world."
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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