Last checked at 25 Sep 2013 07:00
25 August 2013
Digital Barriers plc
("Digital Barriers")
Contract Announcements
The Board of Digital Barriers plc (the "Group"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce the award of two new contracts with overseas customers for the Group's fully integrated Unattended Ground Sensor ("UGS") solution.
The first of these is an initial contract from a major Asia-Pacific government for the supply of the Group's UGS solution for border protection. The contract award, which represents the culmination of an extended customer trial and the selection of the Group's technology as a strategic solution for the protection of a very high-profile border, is valued at approximately £1.0 million and will be fulfilled principally this financial year. It is expected to lead to significant follow-on sales over the next few years. It also provides an excellent reference sale for other significant border protection opportunities, which the Group is actively pursuing.
The Group has also secured a small initial contract award for its UGS solution into a defence customer in Australasia. This initial contract award will be fulfilled this financial year and is expected to lead to further sales with the customer organisation.
Tom Black, Executive Chairman of Digital Barriers commented:
"The selection of our technology for the protection of a very high-profile border by a major overseas government is a seminal moment for the Group. This solution integrates technology and capabilities from four of our acquisitions, and provides a unique offering which is now generating significant interest from flagship customers around the world. We now have active engagement and ongoing trials with many of these high-profile customers, and we have seen initial contract awards in several different countries. In July we announced a significant follow-on UK award for this solution, clearly demonstrating that the technology is operationally effective, and providing an exceptional reference for international customers. Digital Barriers now has a tremendous opportunity to market this technology around the world."
For further information, please contact:
Digital Barriers plc | Tel: 020 7940 4740 |
Tom Black, Executive Chairman | |
Colin Evans, Managing Director Zak Doffman, Development Director | |
Investec Investment Banking | Tel: 020 7597 5970 |
Andrew Pinder/ Dominic Emery | |
FTI Consulting | Tel: 020 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 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 successfuly proven on some of the most demanding operational and environmental deployments around the world.
www.digitalbarriers.com