Digital Barriers plc US Contract Award (7536J)
September 14 2016 - 2:00AM
UK Regulatory
TIDMDGB
RNS Number : 7536J
Digital Barriers plc
14 September 2016
RNS
14 September 2016
Digital Barriers plc
("Digital Barriers" or the "Group")
US Contract Award
- $2.2 million contract award with US Federal law enforcement
agency -
Digital Barriers plc (AIM: DGB), the specialist provider of
visually intelligent solutions to the global surveillance, security
and safety markets, is pleased to announce that it has secured a
$2.2m contract for the Group's EdgeVis Live advanced wireless
surveillance technology. The revenue associated with this contract,
agreed with a flagship US Federal law enforcement agency, is
expected to be fully recognised in this financial year and lead to
further material awards, both this year and in subsequent years.
The reach and strength of the acquired Brimtek business, the
purchase of which was completed in March of this year, played an
important role in securing this important contract.
The Group's EdgeVis Live surveillance technology offers users
secure distribution of real-time video from anywhere to anywhere.
It features end-to-end security, real world resilience and network
optimisation that can stream usable, live video using 60 per. cent
less bandwidth than standard technologies. EdgeVis Live delivers
significant capability benefits and material cost savings over
competing technologies, and has now been sold into many of the
world's leading law enforcement and defence agencies.
Zak Doffman, Chief Executive Officer of Digital Barriers
commented:
"The size and nature of this contract, which is expected to lead
to significant follow-on awards is testament to the strong position
we now have in the US following the acquisition of Brimtek earlier
this year. Selling Digital Barriers' technology using Brimtek's
strength and reach in the US was the central strategic rationale
behind the deal. The adoption of EdgeVis Live by the world's most
aspirational customers perfectly illustrates the significant
technical lead it enjoys over its competition."
For further information
please contact:
Digital Barriers plc +44 (0)20 3553 5888
Zak Doffman, Chief Executive
Officer
Sharon Cooper, Chief Financial
Officer
Investec Investment Banking +44 (0)20 7597 5970
Andrew Pinder / Patrick
Robb
FTI Consulting LLP +44 (0)20 3727 1000
Edward Bridges / Matt Dixon
About Digital Barriers:
Digital Barriers provides visually intelligent solutions to the
global surveillance, security and safety markets. We deliver
zero-latency streaming and analysis of secure video and related
intelligence over wireless networks, including cellular, satellite,
IP mesh and cloud, utilising significantly less bandwidth than
standard technologies.
Our rapidly-installed fixed and mobile solutions for covert,
remote and wide-area deployments, as well as vehicle and body-worn
applications, have been sold into more than fifty countries, and
have been proven in some of the world's most demanding operational
environments. We also provide advanced video content analysis and
body scanning to identify safety concerns and threats in
real-time.
www.digitalbarriers.com
This information is provided by RNS
The company news service from the London Stock Exchange
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