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2 Apr 2013 07:02
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RNS REACH
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2 April 2013
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Digital Barriers plc
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("Digital Barriers")
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SingTel VSaaS Agreement
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The Board of Digital Barriers plc(AIM: DGB)(the "Board"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce that SingTel Group has selected Digital Barriers'class-leading TVI technology as the delivery platform for its new Video Surveillance as a Service ("VSaaS") offering.
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SingTel Group will launch the VSaaS offering inΒ Singapore in April, as part of the Group'sΒ Machine to Machine ("M2M") range of services, with the potential to expand to other territories beyond that.Β SingTel selected TVI in order to provide its customers with a higher-quality cellular video surveillance service than competing technologies. TVI also provides SingTelΒ withΒ the ability to centrally manage and optimise the network capacityΒ dedicatedΒ to the service in real time.
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SingTel is Asia's leading communications group with operations and investments around the world. With significant operations in Singapore and Australia (through wholly-owned subsidiary SingTel Optus), the Group provides a comprehensive portfolio of services that include voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV. The Group has a presence in Asia and Africa with 473 million mobile customers in 26countries.Β SingTel will resell Digital Barriers' TVI hardware and softwareΒ underΒ the new service, which will be offered to the Group's customers as either a three or five year subscription. In addition to hardware and software sales, Digital Barriers will receive anΒ annuityΒ license payment for each individual TVI connection.Β
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Zak Doffman, Group Development Director of Digital Barriers commented:
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"This is particularly exciting for Digital Barriers, opening up anΒ entirelyΒ new market for our TVI video surveillance technology and bringing not only leveragedΒ productΒ sales but alsoΒ annuity revenue streams through the SingTelΒ service. TVI has now proven itself around the world as a unique and disruptiveΒ technology, delivering usable surveillance video across restricted or narrow bandwidths, and providing network partners such as SingTel with unique control over transmissionΒ bandwidthsΒ and usage. The M2M marketΒ representsΒ aΒ significant international opportunityΒ for Digital Barriers. In addition to the potential to extend our relationship with SingTel to its other territories, we will also look to other network and telecoms partners around the world who can deploy M2M and VSaaS offerings based onΒ TVI's unique and highly-differentiatedΒ characteristics."
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For further information, please contact:
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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 | |
Patrick Robb/ Andrew Pinder/ Dominic Emery | ||
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FTI Consulting | Tel: 020 7831 3113 | |
Edward Bridges/ Matt Dixon/ Elodie Castagna | ||
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About Digital Barriers
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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 successfully proven on some of the most demanding operational and environmental deployments around the world.
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www.digitalbarriers.com
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