Contract Award

RNS Number : 3546X

Digital Barriers plc

03 December 2010

 



3 December 2010

Digital Barriers plc

("Digital Barriers" or the "Company")

Contract award

The Board of Digital Barriers plc (AIM: DGB) (the "Board"), the specialist provider of products and services to the homeland security and specialist defence markets, is pleased to announce the award of a contract for a government customer in the Asia Pacific region. Valued at approximately £1.6 million, the contract is for the development of advanced surveillance technology. The contract duration is 30 months.

Colin Evans, Managing Director of Digital Barriers commented:

"I am delighted to announce the award of this contract. Taking our specialist technologies and capabilities to fast growing regions such as Asia-Pacific is a key part of our strategy, and this contract award supports our strong belief that our capabilities will be valued with significant customer organisations around the world."    

For further information please contact:

Digital Barriers plc	[phone]
Tom Black, Executive Chairman
Colin Evans, Managing Director
Investec Investment Banking	[phone]
Andrew Pinder
Financial Dynamics	[phone]
Edward Bridges

About Digital Barriers:

Founded by the leadership team behind Detica Group, Digital Barriers is focused on the provision of specialist products and services to the homeland security market where the threat of international and domestic terrorism represents a compelling commercial opportunity.  Over time, the Company aims to become a mid-market specialist, working directly with end-customers and internationally through key partner organisations, to provide focused, proportionate and effective solutions for the protection of high-profile targets, crowded spaces and the critical national infrastructure.

www.digitalbarriers.com 

Disclaimer:

This announcement includes statements that are, or may be deemed to be, "forward-looking statements".  These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology.  These forward-looking statements include matters that are not historical facts.  They appear in a number of places throughout this announcement and include statements regarding the Company's current intentions, beliefs or expectations concerning, among other things, the Company's results of operations, financial condition, liquidity, prospects, growth, strategies and the Company's markets.  By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances.  Actual results and developments could differ materially from those expressed or implied by the forward-looking statements.  Forward-looking statements may and often do differ materially from actual results.  Any forward-looking statements in this announcement are based on certain factors and assumptions, including the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's operations, results of operations, growth strategy and liquidity.  Whilst the Company considers these assumptions to be reasonable based upon information currently available, they may prove to be incorrect.  Save as required by law or by the AIM Rules for Companies, the Company undertakes no obligation to publicly release the results of any revisions to any forward-looking statements in this announcement that may occur due to any change in the Company's expectations or to reflect events or circumstances after the date of this announcement.

 

END

 

 

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