Digital Barriers plc Contract Award (0096I)
May 27 2014 - 2:02AM
UK Regulatory
TIDMDGB
RNS Number : 0096I
Digital Barriers plc
27 May 2014
RNS
27 May 2014
Digital Barriers plc
("Digital Barriers")
Contract Award
- First significant sale of High Definition TVI product variant
-
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 that it has secured a
contract to supply its new TVI high-definition video surveillance
technology as part of an integrated solution for a United States
federal law enforcement agency. The contract, valued at $1.2
million, is expected to be fulfilled this financial year and to
lead to material additional sales with the same customer and with
other law enforcement agencies.
The Group's TVI surveillance technology delivers real-time video
surveillance more efficiently than competing technologies, making
it ideally suited to wireless networks where bandwidth is often
limited or variable.
TVI has already been sold into more than thirty countries, and
counts some of the most prominent defence and security
organisations in the world as its customers, as well as a number of
cellular and satellite communication companies. Until recently, TVI
has only been available as an analogue standard-definition product,
but the Group has recently launched a wider suite of products,
including high-definition video, IP video and software that runs on
third-party devices such as smartphones and tablets.
This is the first significant sale of the Group's
high-definition video solution and represents a very significant
reference sale for the technology.
Tom Black, Executive Chairman of Digital Barriers commented:
"TVI is one of our flagship technologies and this first material
sale of our brand new capability, real-time streaming of full
high-definition video across wireless networks, is a huge step
forward for us. Our HD surveillance products, as well as those for
IP cameras and for use on smartphones and tablets, are generating
significant customer interest and traction around the world. This
contract award validates our product strategy and investments and
also illustrates the trusted position we have achieved in a
relatively short period of time with some of the most
forward-thinking law enforcement and defence customers around the
world."
For further information, please contact:
Digital Barriers plc Tel: 020 7940 4740
Tom Black, Executive Chairman
Sharon Cooper, Finance 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
END
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