CDCY Compudyne Corp (MM)

CompuDyne Corporation (NASDAQ:CDCY), an industry leader in sophisticated security products, integration, and technology for the public security markets, announced today that CompuDyne�s public safety and justice unit, Tiburon, Inc. of Pleasanton, CA, completed the installation of a new fully distributed, statewide Computer Aided Dispatch system with integrated mapping for the Nebraska State Patrol. Tiburon is an industry-leading provider of automated public safety and justice systems to meet the demanding and complex needs of law enforcement, fire, rescue, corrections, and justice environments. The new CAD system operates on fully distributed Microsoft Windows� workstations and provides server-independent processing of all critical CAD functions for a reliable configuration with virtually 100% system availability. Tiburon�s unique disaster-tolerant configuration networks separate CAD systems located in six emergency dispatch communication centers throughout the state. The six communications centers, located in the cities of Lincoln, Omaha, Grand Island, Norfolk, North Platte, and Scottsbluff which operate in two time zones, will be able to share incident and unit information and provide backup capabilities. In the event that a communication center becomes inoperable, another center can resume full operation with accurate, up-to-the-minute information. �This is a first for the Nebraska State Patrol," states Captain Russell Stanczyk. "With the Tiburon CAD system we are better able to track and manage emergency calls, increase trooper safety, and provide improved accountability to our citizens.� Moving from a completely manual dispatch operation, the new CAD system will provide the State Patrol the ability to consolidate the workflow of dispatch activities between the communication centers, better document calls for service, and, ultimately provide a quicker response to the public. Each dispatch position is equipped with a dynamic map that displays the location of calls for service and units, and helps communication center personnel manage calls. Tiburon has successfully deployed this distributed, peer-to-peer system architecture in more than 40 city, county, and statewide public safety communication centers across the county to ensure that such mission critical systems remain operational 24 hours a day, seven days a week. Certain statements made in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements concerning the Company�s expectations with respect to future operating results and other events. Although the Company believes it has a reasonable basis for these forward-looking statements, these statements involve risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors which could cause actual results to differ from expectations include, among others, capital spending patterns of the security market and the demand for the Company�s products, competitive factors and pricing pressures, changes in legislation, regulatory requirements, government budget problems, the Company�s ability to secure new contracts, the ability to remain in compliance with its bank covenants, delays in government procurement processes, inability to obtain bid, payment and performance bonds on various of the Company�s projects, technological change or difficulties, the ability to refinance debt when it becomes due, product development risks, commercialization difficulties, adverse results in litigation, the level of product returns, the amount of remedial work needed to be performed, costs of compliance with Sarbanes-Oxley requirements and the impact of the failure to comply with such requirements, risks associated with internal control weaknesses identified in complying with Section 404 of Sarbanes-Oxley, the Company�s ability to realize anticipated cost savings, the Company�s ability to simplify its structure and modify its strategic objectives, and general economic conditions. Risks inherent in the Company�s business and with respect to future uncertainties are further described in its other filings with the Securities Exchange Commission, such as the Company�s Form 10-K, Form 10-Q, and Form 8-K reports.