Law Enforcement Associates Reports Strong Order Activity at New Surveillance Vehicle Division
May 05 2008 - 8:00AM
Marketwired
YOUNGSVILLE, NC (AMEX: AID), the largest U.S. developer and
manufacturer of undercover surveillance equipment, today announced
that its new surveillance vehicle division has received
approximately $300,000 in orders since the business was acquired in
October 2007.
The orders, which include turnkey contracts for new surveillance
vehicles, as well as retrofit installations on previously purchased
undercover vans, have come from a variety of local, state and
federal law enforcement agencies. The vehicles are typically
equipped with sophisticated 360-degree listening devices,
high-performance camera systems and a variety of additional
surveillance features.
LEA acquired select assets of Advanced Vehicle Systems LLC (AVS)
in the fourth quarter last year. The assets at one time were part
of the surveillance vehicle business of Audio Intelligence Devices
(AID). LEA acquired certain assets of AID in 2004, however, the
surveillance vehicle assets were not included, and were
subsequently operated under the AVS name.
"We are encouraged by the success we have had revitalizing this
once thriving business," said Paul Feldman, president of LEA. "In
addition to adding several new customers, we are re-connecting with
a variety of past buyers who are operating older vehicles with
legacy surveillance equipment. We have made major advancements with
our surveillance technologies in recent years, and believe there is
an opportunity to capture a significant amount of retrofit and
upgrade business. We estimate there are more than 500 of the
original AID vans currently operating in domestic and international
markets."
About Law Enforcement Associates Corporation
LEA is a leading security and surveillance technology company
that manufactures and markets a diverse product line to the
worldwide law enforcement, military, security and corrections
markets. The company's Audio Intelligence Devices (AID) division
has been serving the law enforcement sector for more than 30 years
and is one of the most respected names in the surveillance
equipment industry. LEA's products are used by a wide variety of
government and non-governmental agencies, as well as public and
private companies. These include military bases, nuclear
facilities, embassies, government installations, oil refineries,
United Nations and NATO locations. The company enjoys close working
relationships with other prominent players in the security and
surveillance industry, such as Smith & Wesson (NASDAQ: SWHC),
one of the world's largest manufacturers of quality firearms and
firearm safety/security products; and FLIR Systems, Inc., a world
leader in the design, manufacture and marketing of thermal imaging
and stabilized camera systems. LEA's products have been used at
high-profile events such as the Summer & Winter Olympics, Super
Bowl, U.S. Golf Championship, and the Democratic and Republican
National Conventions. Its products include the Under Vehicle
Inspection System (UVIS), Smith & Wesson-branded UVIS Swift,
EDK123 (Explosive Detection Kit), Bloodhound and Birddog GPS
Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray, and a
wide variety of Audio & Video Surveillance Equipment.
Headquartered in Youngsville, N.C., the company has been featured
in many industry publications and websites. For more information,
please visit www.leacorp.com.
Forward-Looking Information:
The statements in this news release contain forward-looking
information within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements that use words such as "believe,"
"anticipate," "estimate," "intend," "could," "plan," "expect,"
"project," "predict," "forecast," "outlook," "potential,"
"continue," "may," "future," "can," "enhance," and "should," or the
negative of these, as well as similar expressions, can be used to
identify forward-looking statements. Such forward-looking
statements involve certain risks, assumptions and uncertainties,
including the inability to generate and secure the necessary
product sales, or the lack of acceptance of the company's products
by its customers. In each case actual results may differ materially
from such forward-looking statements. The company does not
undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results (expressed or modified) will not be
realized.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High
303-393-7044
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