26 Feb 2015 17:03
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Don't have an account? Click here to register.Digital Barriers secures $2.2m contract with US agency
Wed, 14th Sep 2016 12:42
(ShareCast News) - AIM-listed security and surveillance company Digital Barriers has secured a $2.2m contract to provide its EdgeVis Live advanced wireless surveillance technology to a flagship US Federal law enforcement agency.The revenue associated with the contract is expected to be fully recognised in this financial year and lead to further material awards this year and in subsequent years.The 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% less bandwidth than standard technologies.Chief executive officer Zak Doffman said: "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." At 1255 BST, the shares were up 1.1% to 46.50p.
More News
26 Feb 2015 11:52
26 Feb 2015 11:24
Digital Barriers tanks on warning of wider losses
Defence group Digital Barriers tanked on Thursday, after the company warned losses for the year would be wider than forecast. Although revenues for the year to 31 March should be higher than the £19m reported last time, they will be lower than management had previously guided due to a delay in two m
Read more8 Dec 2014 14:30
Digital Barrier secures three new contracts
Surveillance technology company Digital Barriers on Monday announced three new contracts worth £1.5m. The group won a contract of £0.75m with an Asia Pacific company and another with a commercial organisation worth £0.18m for its surveillance platform. Digital Barriers also announced it is investin
Read more28 May 2014 10:10
Digital Barriers Reiterates Break Even Goal Despite Widened Loss
LONDON (Alliance News) - Digital Barriers PLC Wednesday reiterated its goal to move towards break-even in the current financial year, despite posting a widened pretax loss in the previous year to end-March. Digital Barriers, which produces surveillance technologies for the security and defe
Read more27 May 2014 08:43
Digital Barriers Wins USD1.2 Million Contract With US Law Enforcement
LONDON (Alliance News) - Digital Barriers PLC said Tuesday that it had won a USD1.2 million contract to supply its high-definition video-surveillance technology to a US federal law enforcement agency. The company expects the contract to be fulfilled during the year and lead to "material" ad
Read more27 May 2014 07:56
Digital Barriers signs contract with US federal agency
Surveillance technologies provider Digital Barriers has secured a contract to supply its TVI high definition surveillance technology to a US federal law enforcement agency for 1.2m dollars. Additional sales with the same customer and other law enforcement agencies are now expected from what the fir
Read more22 May 2014 10:55
Digital Barriers Wins African Government Project
LONDON (Alliance News) - Digital Barriers PLC said Thursday that it has deployed its fully integrated Unattended Ground Sensor tool with a new African government customer to protect a high-profile government location. The advanced surveillance technologies company which serves the security
Read more4 Apr 2014 09:40
Digital Barriers Revenues Fall But Contract Wins To Boost Year Ahead
LONDON (Alliance News) - Digital Barriers PLC Friday said it expects revenues for the financial year just ended to be lower than the previous year, hit by revenue declines in its non-core areas, but it gave a confident outlook for the year ahead, as it benefits from recent contract awards and sal
Read more27 Feb 2014 14:38
UK MIDDAY BRIEFING: Shareholder Payouts Rise As Recovery Takes Hold
LONDON (Alliance News) - A large number of companies resumed or hiked shareholder payouts on the biggest day of the UK earnings season Thursday, as earnings generally headed higher thanks to the gradual economic recovery in 2013.
Housebuilders Barratt Developments and Redrow both re
27 Feb 2014 12:12
UK WINNERS & LOSERS: RBS Shares Fall 8.7% As It Records Wider Loss
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
Capita, up 5%. The British outsourcing company said its 2013 pretax pro