Last checked at 1 Sep 2015 07:03
1 September 2015
Digital Barriers plc
("Digital Barriers")
£1.0 million TVI contract award
- Customer is major law enforcement agency in Asia Pacific -
- Sale of TVI vehicle surveillance solution into major vehicle fleet upgrade programme -
- First follow-on sale to customer following initial £0.8 million contract award in February 2015 -
The Board of Digital Barriers (the "Group"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce that it has secured a £1.0 million contract to supply TVI vehicle-borne video surveillance to a major law enforcement agency in Asia Pacific. An initial £0.8 million contract for the first stage of a major multi-year fleet upgrade programme was secured in February 2015 and this contract marks the first follow-on award as that programme continues to be rolled out.
This contract is expected to be fully recognised this financial year and to lead to material follow-on awards as the customer's fleet upgrade programme continues through this and subsequent years. This follows the announcement by Milestone last week of the inclusion of TVI integration in the latest release of their leading XProtect video management software, which will enable simple and cost-effective adoption of TVI by major customers around the world.
The Group's TVI surveillance technology offers secure distribution of real-time video from anywhere to anywhere, featuring end-to-end security, real world resilience and network optimisation that can stream usable live video using 60% less bandwidth than standard technologies. This exceptionally efficient use of available bandwidth enables TVI to deliver significant capability benefits and material cost savings over competing technologies. TVI has already been sold into more than thirty countries, and counts some of the most prominent defence and security agencies in the world as its customers, as well as an increasing number of commercial organisations.
Zak Doffman, Chief Executive Officer of Digital Barriers commented:
"Our TVI video streaming technology has the potential to become the de facto solution for major law enforcement agencies. The technology offers very material advantages over competing solutions and has repeatedly won out in all its head to head trials and tests against competing products. This follow-on contract is an endorsement of our technology from one of Asia's most significant law enforcement agencies - TVI was the only solution that met their specified performance requirements and we have quickly become a trusted supplier."
For further information, please contact:
Digital Barriers plc | Tel: 020 7940 4740 |
Zak Doffman, Chief Executive Officer | |
Sharon Cooper, Chief Financial Officer | |
Investec Investment Banking | Tel: 020 7597 5970 |
Andrew Pinder/ Dominic Emery | |
FTI Consulting | Tel: 020 3727 1000 |
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