Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThruvision Grp Regulatory News (THRU)

Share Price Information for Thruvision Grp (THRU)

Share Price is delayed by 15 minutes
Get Live Data
0.725    0.00 (0.00%)
Bid:
0.70
Ask:
0.75
Spread: 0.05 (7.143%)
Market Cap: £3.24m
THRU Live PriceLast checked at - London Stock Exchange

Intraday Thruvision Grp Share Chart

Acquisition

24 Jan 2012 07:00

RNS Number : 0373W
Digital Barriers plc
24 January 2012
 



RNS REACH

 

24 January 2012

Digital Barriers plc

 

("Digital Barriers" or the "Group")

 

Acquisition of the Intellectual Property and Products of LMW Electronics Limited

 

 

Digital Barriers plc (AIM: DGB), the specialist provider of advanced surveillance technologies to the homeland security and defence sectors, is pleased to announce the acquisition of the complete product set and intellectual property, along with certain customer contracts, of LMW Electronics Limited ("LMW") (the "Acquisition").

 

With more than 28 years of experience in the electronic surveillance industry, LMW's products provide advanced video capture and transmission technology to the international law enforcement and military markets. Its leading edge products include ruggedised video cameras, outstations, vehicle and body-worn solutions, controller units and low-power point-to-point video transmission solutions.

 

The board of directors of Digital Barriers believes that the addition of LMW's product set and technology capabilities are complementary to those already offered by the Group and will expand the solutions the Group can bring to its customers. The LMW products and associated intellectual property will form part of the readily deployable product range that Digital Barriers is developing for its customers around the world.

 

Terms of the Acquisition

 

Under the terms of the Acquisition, Digital Barriers will acquire the intellectual property, products, know-how, stock, goodwill and certain customer contracts of LMW for a consideration of £450,000, payable to LMW in cash upon completion of the Acquisition.

 

LMW will provide certain manufacturing and repair services to Digital Barriers from its existing premises in Leicester following the transfer of the business. LMW will also continue to provide warranty and repair services to its existing customers on historical product sales.

 

For further information please contact:

FTI Consulting

+44 (0)20 7831 3113

Edward Bridges / Matt Dixon / Elodie Castagna

 

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets. Specialising in 'edge-intelligent' solutions that can be deployed across 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.

 

www.digitalbarriers.com

 

Disclaimer

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the Group's current intentions, beliefs or expectations concerning, among other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies and the Group's markets. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Actual results and developments could differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements in this announcement are based on certain factors and assumptions, including the Group's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's operations, results of operations, growth strategy and liquidity. Whilst the Group considers these assumptions to be reasonable based upon information currently available, they may prove to be incorrect. Save as required by law or by the AIM Rules for Companies, the Group undertakes no obligation to publicly release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the Group's expectations or to reflect events or circumstances after the date of this announcement.

 

 

Ends

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAUOVNRUNAAUAR
Date   Source Headline
17th Sep 201310:04 amRNSAnnual Report and Accounts
21st Aug 20132:13 pmRNSBlocklisting application
6th Aug 20137:00 amRNSContract Announcement
30th Jul 201310:39 amRNSHolding(s) in Company
23rd Jul 20137:00 amRNSContract Announcement
22nd Jul 20132:40 pmRNSResult of AGM
8th Jul 20134:21 pmRNSDirectorate Change
29th May 20137:00 amRNSFinal Results
24th May 20139:00 amRNSNotice of Preliminary Results
13th May 20133:19 pmRNSHolding(s) in Company
1st May 20137:00 amRNSAppointment
29th Apr 20133:53 pmRNSHolding(s) in Company
23rd Apr 20138:18 amRNSHolding(s) in Company
22nd Apr 201311:35 amRNSHolding(s) in Company
19th Apr 20132:56 pmRNSHolding(s) in Company
2nd Apr 20137:02 amRNSSingTel VSaaS Agreement
2nd Apr 20137:01 amRNSUK Contract Award
2nd Apr 20137:00 amRNSTrading Update
22nd Feb 201312:00 pmRNSDirector/PDMR Shareholding
18th Feb 20132:14 pmRNSDirector/PDMR Shareholding
7th Jan 20137:00 amRNSAcquisition of Visimetrics (UK) Limited
4th Jan 201310:44 amRNSHolding(s) in Company
4th Jan 20137:00 amRNSContract awards
3rd Jan 20131:53 pmRNSHolding(s) in Company
2nd Jan 20133:03 pmRNSDirectors Dealings
2nd Jan 20132:57 pmRNSHolding(s) in Company
27th Dec 201210:24 amRNSResult of General Meeting
7th Dec 20122:44 pmRNSHolding(s) in Company
6th Dec 20127:00 amRNSProposed £10m Placing and Share Schemes Amendments
29th Nov 20127:00 amRNSContract Awards
22nd Nov 20127:00 amRNSInterim Results
19th Nov 20127:00 amRNSNotice of Results
14th Nov 20125:57 pmRNSHolding(s) in Company
6th Nov 20123:17 pmRNSHolding(s) in Company
5th Nov 201212:21 pmRNSHolding(s) in Company
1st Nov 20122:36 pmRNSHolding(s) in Company
18th Oct 20127:00 amRNSBoard Appointment
13th Sep 20127:00 amRNSRe: Appointment
11th Sep 20125:24 pmRNSHolding(s) in Company
11th Sep 20125:24 pmRNSHolding(s) in Company
25th Jul 20122:46 pmRNSResult of AGM
29th Jun 20125:16 pmRNSHolding(s) in Company
25th Jun 20127:00 amRNSBoard Change
8th Jun 20127:00 amRNSLong Term Incentive Plan Grant
29th May 20127:00 amRNSPreliminary Results
25th May 20127:00 amRNSNotice of Results
3rd May 20127:00 amRNSIssue of Equity and Total Voting Rights
9th Mar 20127:00 amRNSAcquisition
2nd Mar 20125:24 pmRNSHolding(s) in Company
2nd Mar 20127:00 amRNSAcquisition

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.