Digital Barriers plc £1.5 million in new contract awards (0532Z)
December 08 2014 - 2:00AM
UK Regulatory
TIDMDGB
RNS Number : 0532Z
Digital Barriers plc
08 December 2014
8 December 2014
Digital Barriers plc
- GBP1.5 million in new contract awards -
The Board (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 three
contracts today that together should generate approximately GBP1.5
million of revenue in this financial year. Additionally, the
Group's SafeZone-edge video analytics software has received notable
industry recognition, giving confidence of further customer
success.
TVI Surveillance Technology Contract Award
The Group has secured a contract with a major customer in the
Asia Pacific region to supply its TVI video surveillance technology
as an onboard vehicle solution into a national level police
programme. The initial contract, valued at approximately GBP0.75
million, is expected to be fulfilled during this financial year and
lead to material additional sales with the same customer in future
years.
-- The Group's TVI surveillance technology delivers real-time
video surveillance significantly more efficiently than competing
technologies, making it ideally suited to streaming live real-time
video across cellular networks from moving vehicles.
-- The Group offers a range of packaged TVI solutions for
different applications, including vehicles, and these are now
generating significant customer traction around the world.
-- The Group recently launched a wider suite of TVI products,
including those for high-definition video, IP video and software
that runs on third-party devices such as industrial PCs,
smartphones and tablets.
-- The Group has also announced that its Cloud Video Platform is
now under development, which will open up new markets for TVI
technology.
Integrated Surveillance Platform Contract Award
The Board is also pleased to announce the Group's first contract
for its Integrated Surveillance Platform with a commercial
organisation for the protection of remote critical assets. This
initial contract, which will generate around GBP0.18 million of
revenue, follows a series of trials and is expected to lead to a
much wider deployment over the coming months.
UK Services Framework Contract Award
The Board is also pleased to announce that the Group's UK
Services division has signed a new framework contract with a
customer government department for a significant programme of work,
approximately GBP0.6 million of which should be delivered in this
financial year with significant potential to grow in next financial
year.
SafeZone-edge Industry Recognition
Finally, the Board is delighted to announce that its
class-leading SafeZone-edge video analytics solution was the winner
of Intruder Alarm or Exterior Deterrent Product of the Year at
IFSEC's Security & Fire Excellence Awards 2014. SafeZone-edge
launched in April 2014 as an alternative to the 'complex and
costly' or 'simple and unreliable' offerings that have
characterised the video-based intrusion detection market. The
Group's edge-intelligent solution was designed for use on cameras
and encoders from Axis, one of the world's leading camera
manufacturers, providing organisations with compelling options for
automated security. The IFSEC judging panel cited the superior
performance, ease of use and market moving pricing of the product,
as reasons for the SafeZone-edge quality over a strong field of new
products to the market.
Zak Doffman, Chief Executive Officer of Digital Barriers
commented:
"The three contracts announced today illustrate our expanding
customer base in the UK and internationally. TVI is ideally suited
for law enforcement agencies around the world, and the technology
has proven itself time and again as the undisputed class-leader in
delivering live video across limited or variable bandwidths, such
as cellular networks. Meanwhile, as we continue to progress
customer opportunities with major government agencies for our
Integrated Surveillance Platform, we have also opened up
opportunities with major commercial organisations with critical
assets to protect, particularly in the oil, gas, energy and
transportation markets. Combined with growth in our UK Services
division, this all serves as evidence of strong progress for
Digital Barriers."
For further information, please contact:
Digital Barriers plc Tel: 020 7940 4740
Zak Doffman, Chief
Executive Officer
Sharon Cooper, Finance
Director
Investec Investment Tel: 020 7597 5970
Banking
Andrew Pinder/ Dominic
Emery
FTI Consulting Tel: 020 7831 3113
Edward Bridges/ Matt
Dixon/ Rob Mindell
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 successfully 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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