Last checked at 27 May 2014 07:00
RNS
27 May 2014
Digital Barriers plc
("Digital Barriers")
Contract Award
- First significant sale of High Definition TVI product variant -
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 that it has secured a contract to supply its new TVI high-definition video surveillance technology as part of an integrated solution for a United States federal law enforcement agency. The contract, valued at $1.2 million, is expected to be fulfilled this financial year and to lead to material additional sales with the same customer and with other law enforcement agencies.
The Group's TVI surveillance technology delivers real-time video surveillance more efficiently than competing technologies, making it ideally suited to wireless networks where bandwidth is often limited or variable.
TVI has already been sold into more than thirty countries, and counts some of the most prominent defence and security organisations in the world as its customers, as well as a number of cellular and satellite communication companies. Until recently, TVI has only been available as an analogue standard-definition product, but the Group has recently launched a wider suite of products, including high-definition video, IP video and software that runs on third-party devices such as smartphones and tablets.
This is the first significant sale of the Group's high-definition video solution and represents a very significant reference sale for the technology.
Tom Black, Executive Chairman of Digital Barriers commented:
"TVI is one of our flagship technologies and this first material sale of our brand new capability, real-time streaming of full high-definition video across wireless networks, is a huge step forward for us. Our HD surveillance products, as well as those for IP cameras and for use on smartphones and tablets, are generating significant customer interest and traction around the world. This contract award validates our product strategy and investments and also illustrates the trusted position we have achieved in a relatively short period of time with some of the most forward-thinking law enforcement and defence customers around the world."
For further information, please contact:
Digital Barriers plc | Tel: 020 7940 4740 |
Tom Black, Executive Chairman | |
Sharon Cooper, Finance 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