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

Contract awards

4 Jan 2013 07:00

RNS Number : 8288U
Digital Barriers plc
04 January 2013
 



RNS Reach

4 January 2013

 

 

Digital Barriers plc

 

("Digital Barriers")

 

 

 

Contract awards

 

The Board of Digital Barriers plc (AIM: DGB, the "Group") (the "Board"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce the award of a development contract by a major US government agency, a new customer for the Group. Valued at approximately £400,000, the contract is to support the Group's ongoing development of world-class video surveillance products based on its TVI technology, one of the Group's core strategic technologies. The on-going development will include a new range of products designed to meet the specific needs of the law enforcement sector. The contract is expected to be fulfilled this calendar year, after which the Group expects significant product sales across multiple US and international law enforcement agencies resulting from this next phase of development.

 

Digital Barriers plc is also pleased to announce two important contract awards for products based on its ThruVision passive screening technology, also one of the Group's core strategic technologies. The first, by an existing US customer, is valued at approximately £300,000 and will be fulfilled this financial year; it is for the standoff detection of person-borne explosive devices, and should lead to further sales nextyear. The second, with a new UK-based partner working in specialist sectors in the Middle East, isfor the protection of high-profile overseas government locations; it is valuedat approximately £350,000 and will also be fulfilled this financial year with further sales expected next year.

 

Colin Evans, Managing Director of Digital Barriers commented:

 

"These are three highly significant contracts for Digital Barriers as we continue to market our world-class technologies into key international markets,including the United States, by far the largest defence and security market in the world. 

 

The TVI development contract is very important for Digital Barriers. Not only is this a new flagship customer for the Group, but it also means that a major US government agency has selected TVI as their platform of choice for its next generation video surveillance capabilities, further confirming its status as a world-class technology. Once development has been completed, we will have a range of new advanced video surveillance products that we can take to multiple customers in the US and around the world.

 

The two ThruVisioncontracts, both of which should open up significant follow-on opportunities, illustrate how this technology is being increasingly recognised as a genuinely disruptive capability in the detection of explosives, weapons and smuggled contraband. The detection of person-borne IEDs and concealed weapons is an important and valuable application of the technology, and we are extremely pleased that ThruVision can help our customers address such threats.

 

The contracts demonstrate the strong progress that the Group continues to make in key international markets."

 

  

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 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAQZLBBXFFFBBK
Date   Source Headline
28th Feb 20127:00 amRNSBoard Changes
27th Feb 20127:00 amRNSAsia Pacific Region Contract Awards
1st Feb 20129:06 amRNSContract Award
24th Jan 20127:00 amRNSAcquisition
16th Jan 20123:05 pmRNSHolding(s) in Company
21st Dec 201112:05 pmRNSDirector/PDMR Shareholding
6th Dec 201110:11 amRNSHolding(s) in Company
30th Nov 20113:17 pmRNSDirector's Share Purchase
25th Nov 20114:17 pmRNSRe: Long Term Incentive Plan
22nd Nov 20117:00 amRNSInterim Results
21st Nov 20117:00 amRNSAcquisition
18th Nov 20117:00 amRNSNotice of Interim Results
7th Nov 20117:00 amRNSContract Award
13th Oct 20114:24 pmRNSHolding(s) in Company
1st Aug 20117:00 amRNSAcquisition of Keeneo SAS
25th Jul 20117:00 amRNSBoard Changes
21st Jul 201111:55 amRNSTR1 - Notification of Major Interest in Shares
21st Jul 201111:48 amRNSTR1 - Notification of Shares
20th Jul 20113:07 pmRNSResult of AGM
21st Jun 20113:23 pmRNSNotice of AGM
20th Jun 20117:00 amRNSAcquisition of Zimiti Limited
20th Jun 20117:00 amRNSInvestee company acquired by Digital Barriers
1st Jun 20117:00 amRNSFinal Results
27th May 20119:00 amRNSNotice of Results
14th Mar 20117:00 amRNSAcquisition and Contract Award
7th Mar 20113:25 pmRNSHolding(s) in Company
25th Feb 20119:06 amRNSHolding(s) in Company
24th Dec 20109:04 amRNSHolding(s) in Company
17th Dec 20103:00 pmRNSHolding(s) in Company
16th Dec 20106:33 pmRNSHolding(s) in Company
16th Dec 20106:27 pmRNSHolding(s) in Company
16th Dec 20105:01 pmRNSHolding(s) in Company
16th Dec 20102:47 pmRNSHolding(s) in Company
16th Dec 201012:10 pmRNSHolding(s) in Company
15th Dec 20105:05 pmRNSHolding(s) in Company
15th Dec 20105:01 pmRNSHolding(s) in Company
15th Dec 20104:51 pmRNSHolding(s) in Company
15th Dec 20109:50 amRNSDirector/PDMR Shareholding
13th Dec 20101:10 pmRNSResult of General Meeting
7th Dec 20101:08 pmRNSHolding(s) in Company
3rd Dec 201012:28 pmRNSContract Award
1st Dec 201011:16 amRNSHolding(s) in Company
1st Dec 201011:12 amRNSHolding(s) in Company
1st Dec 201011:11 amRNSHolding(s) in Company
26th Nov 20107:00 amRNSProposed Placing and Notice of General Meeting
16th Nov 20107:00 amRNSInterim Results
26th Oct 20103:47 pmRNSHolding(s) in Company
26th Oct 20103:47 pmRNSHolding(s) in Company
21st Oct 20107:00 amRNSAcquisition
21st Oct 20107:00 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.