Last checked at 29 Feb 2016 07:00
29 February 2016
Digital Barriers plc
("Digital Barriers")
Mobily VSaaS Agreement and License Award
- £1.0m initial contract with integration services provider to support Mobily Video Surveillance as a Service offering in the Kingdom of Saudi Arabia
- Offering to be based on Digital Barriers' EdgeVis Live and SafeZone Edge solutions and targeted at major critical infrastructure protection programmes -
- Anticipated license agreement with major IP camera manufacturer for SafeZone Edge now secured -
The Board of Digital Barriers plc (the "Group"), the specialist provider of visually intelligent technologies to the global surveillance, security and safety markets, is pleased to announced that it has signed an agreement with Etihad Etisalat Company (Mobily) and its Saudi Arabian integration services partner, Advanced Communication Systems (TeleQualitas), to launch a Video Surveillance as a Service (VSaaS) offering across the Kingdom of Saudi Arabia. The agreement, signed at the Mobile World Congress 2016 in Barcelona, Spain, represents the first offering of its kind in Saudi Arabia.
The VSaaS offering will be based on the Group's EdgeVis Live platform. Powered by Digital Barriers' TVI software, this platform can deliver secure distribution of high-definition, real-time video from anywhere to anywhere, and features end-to-end security, and the ability to stream usable live video over 60% less bandwidth than standard technologies. This exceptionally efficient use of available bandwidth enables EdgeVis Live to deliver significant capability benefits and material cost savings over competing technologies. EdgeVis Live has already been sold into more than thirty countries, and counts some of the most prominent defence and security agencies in the world as its customers, as well as an increasing number of commercial organisations.
Mobily selected EdgeVis Live to provide its customers with a higher-quality cellular video surveillance service than competing technologies. EdgeVis Live also provides Mobily with the ability to centrally manage and optimise the network capacity dedicated to the service in real time. In addition to the new range of VSaaS solutions, Mobily will also offer its customers a wide range of the Group's edge-intelligent surveillance, security and safety technologies optimised for wireless networks.
Today's agreement with TeleQualitas includes an initial contract valued at £1.0 million for EdgeVis Live and SafeZone Edge solution sets for ongoing critical infrastructure programmes. The contract is expected to deliver in full over the coming few months.
Ahmed Farroukh, Chief Executive Office of Mobily, commented:
"We are happy to yet again be pioneers, in terms of bringing advance, innovative solutions to the Kingdom with support of industry leaders like Digital Barriers. Our business unit continues to utilise our strong infrastructure as a backbone for delivering state-of-the-art services to the customers, based on their requirements. We also continue to display the positive impact mobile infrastructure has on delivering services related to multiple sectors and believe that in years to come, mobile will be the primary platform to ensure access to essential services as well as bringing positive development in the socio-economic indicators of the Kingdom."
Separately, the Group is also pleased to announce that the license agreement anticipated with a major IP camera manufacturer for its SafeZone Edge video analytics software, first referenced in its interim results announcement published on 11 December 2015, has now been secured.
Zak Doffman, Chief Executive Officer of Digital Barriers, commented:
"The launch of this high-profile Video Surveillance as a Service offering across Saudi Arabia with Mobily, the country's leading mobile operator, represents a major step forward for us in the region. EdgeVis Live takes the class-leading capabilities of our TVI technology to a new level of performance, including solutions for wide-scale safe city schemes, video streaming from moving vehicles, live video from body worn devices and advanced critical infrastructure protection. This announcement, along with our securing a license agreement with a major IP camera manufacturer for SafeZone Edge, clearly illustrates the potential for us to generate continued momentum with major partners around the world based on the quality of our core technologies."
For further information, please contact:
Digital Barriers plc | Tel: 0203 553 5888 |
Zak Doffman, Chief Executive Officer | |
Sharon Cooper, Chief Financial Officer | |
Investec Investment Banking | Tel: 020 7597 5970 |
Andrew Pinder/ Dominic Emery | |
FTI Consulting | Tel: 020 3727 1000 |
Edward Bridges/ Matt Dixon/ Harry Staight | |
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