Digital Barriers plc $11.9 million US Government Contract Award (2202N)
August 07 2017 - 2:00AM
UK Regulatory
TIDMDGB
RNS Number : 2202N
Digital Barriers plc
07 August 2017
7 August 2017
Digital Barriers plc
$11.9 million US Government Contract Award
Digital Barriers plc (AIM: DGB), the specialist provider of
visually intelligent solutions to the global surveillance, security
and safety markets, is pleased to announce the award of a contract
with a major US federal law enforcement agency valued at $11.9
million; this has been received before the expiration of a major
framework contract in September.
The award is for the supply of specialist surveillance equipment
from one of the Group's partners, which this agency uses alongside
its installed base of Digital Barriers technology. Although the
products carry material lead times, the Group will endeavour to
deliver the contract before the end of the current financial year.
The contract is expected to generate slightly lower margins than
are usually generated from the Group's Brimtek division.
Zak Doffman, Chief Executive Officer of Digital Barriers,
commented:
"This contract is for partner technology into one of our most
strategically important customers. Although this award is not for
Digital Barriers technology, we are now a trusted supplier into
this and a number of other flagship US agencies, all of whom have
become material users of our proprietary technologies."
The company will announce results for the financial year ended
31 March 2017 in September 2017.
For further information, please contact:
Digital Barriers plc +44 (0)20 3553 5888
Zak Doffman, Chief Executive
Officer
Sharon Cooper, Chief Financial
Officer
Investec Investment Banking +44 (0)20 7597 5970
Andrew Pinder / Dominic
Emery / Patrick Robb
FTI Consulting LLP +44 (0)20 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
This information is provided by RNS
The company news service from the London Stock Exchange
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