GERMANTOWN, Md., Feb. 8 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. (NASDAQ:OPTC), a leading global provider of advanced IP video solutions for security, surveillance, and remote monitoring applications, today announced it has opened a new regional sales office in Dubai, the United Arab Emirates. The opening of the Dubai office underscores the company's success in the Gulf region, establishing key vendor partnerships and participating in marquee projects such as Palm Jumeirah, Dubai Mall, Falcon Highway, Asian Games Qatar, and the Rastanura project in Saudi Arabia. Creating a strong local presence in the UAE facilitates better support and faster response times for the company's sales chain partners all across the Middle East.
The company also announced the appointment of Tariq Anwer as Regional Sales Manager, heading the Dubai operation. Mr. Anwer, a ten-year industry veteran, adds a sophisticated and deep knowledge of security systems and markets in the Middle East. Previously, Mr. Anwer worked for Group 4 Securitas and Al-Futtaim Engineering in the UAE.
"It's exciting to come to Optelecom-NKF, a company focused on the development and manufacturing of industry leading technology," said Mr. Anwer. "Optelecom-NKF is one of the few providers capable of offering hybrid solutions for customers shifting from conventional technologies to IP/Networked solutions. We will build on the company's reputation for quality and reliability in the Security & Surveillance market, Highways, Airports, Tunnels, Shopping Malls, and Industrial & Military environments." "The opening of our Dubai office and the addition of Tariq to our team reflects our success in the Middle East as we build and strengthen partnerships and create awareness of our solution offerings among end-users, consultants, distributors, and integrators," added Edmund Ludwig, Optelecom- NKF's President and CEO.
Forward Looking Statements The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include, among others: the ability of Optelecom-NKF to integrate operations with NKF Electronics; the ability of the Company to develop and market products and communication solutions for the video surveillance, transportation, and business video markets; lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; worldwide economic variances; poor or delayed research and development results; and disparities between forecast and realized sales results. Other important factors that could cause actual results to differ materially are included but are not limited to those listed in Optelecom-NKF's periodic reports and registration statements filed with the Securities and Exchange Commission. Optelecom-NKF does not assume any obligation to update information concerning its expectations.
Investor inquiries should be directed to Mr. Rick Alpert at 301-948-7872 DATASOURCE: Optelecom-NKF, Inc.
CONTACT: Rick Alpert of Optelecom-NKF, Inc., +1-301-948-7872 Web site: http://www.optelecom-nkf.com/
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