Last checked at 6 Jan 2017 07:00
6 January 2017
Digital Barriers plc
("Digital Barriers" or the "Group")
$7.0m US and Africa Contract Awards
- $6.0m contract with major US Federal Agency under US procurement framework -
- $1.0m contract with new customer in Africa for ThruVis technology -
Digital Barriers plc (the "Group"), the specialist provider of visually intelligent solutions to the global surveillance, security and safety markets, is pleased to announce the award of two contracts with a total value of $7.0 million.
The first contract valued at $6.0 million and for delivery in the first half of the next financial year, is with a major US Federal law enforcement agency and existing customer of Digital Barriers. The contract is for specialist surveillance equipment from one of the Group's strategic partners, which this agency uses alongside its install base of Digital Barriers technology.
The second contract is with a new customer in Africa and is for the Group's ThruVis technology which helps protect crowded public spaces from concealed weapons and explosives. The contract is valued at approximately $1.0 million and will be delivered in the current financial year.
Zak Doffman, Chief Executive Officer of Digital Barriers, commented:
"Our US business continues to make good progress, where we are utilizing the framework agreements in place to sell specialist technology to key government customers and generate follow-on sales. Today's contract award continues to highlight the rationale for our acquisition of Brimtek, which enables us to sell and deliver a wider range of technologies into the US surveillance market. Meanwhile, the ThruVis contract award, into a new and important customer in Africa, again illustrates the uniqueness of this technology which delivers a level of protection unavailable from any other technology in the marketplace."
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 (NOMAD & Broker) | +44 (0)20 7597 5970 |
Andrew Pinder / Dominic Emery / 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