SingTel VSaaS Agreement

RNS Number : 2311B

Digital Barriers plc

02 April 2013

 



RNS REACH

2 April 2013

Digital Barriers plc

("Digital Barriers")

SingTel VSaaS Agreement

The Board of Digital Barriers plc(AIM: DGB)(the "Board"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce that SingTel Group has selected Digital Barriers'class-leading TVI technology as the delivery platform for its new Video Surveillance as a Service ("VSaaS") offering.

SingTel Group will launch the VSaaS offering in Singapore in April, as part of the Group's Machine to Machine ("M2M") range of services, with the potential to expand to other territories beyond that. SingTel selected TVI in order to provide its customers with a higher-quality cellular video surveillance service than competing technologies. TVI also provides SingTel with the ability to centrally manage and optimise the network capacity dedicated to the service in real time.

SingTel is Asia's leading communications group with operations and investments around the world. With significant operations in Singapore and Australia (through wholly-owned subsidiary SingTel Optus), the Group provides a comprehensive portfolio of services that include voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV. The Group has a presence in Asia and Africa with 473 million mobile customers in 26countries. SingTel will resell Digital Barriers' TVI hardware and software under the new service, which will be offered to the Group's customers as either a three or five year subscription. In addition to hardware and software sales, Digital Barriers will receive an annuity license payment for each individual TVI connection. 

Zak Doffman, Group Development Director of Digital Barriers commented:

"This is particularly exciting for Digital Barriers, opening up an entirely new market for our TVI video surveillance technology and bringing not only leveraged product sales but also annuity revenue streams through the SingTel service. TVI has now proven itself around the world as a unique and disruptive technology, delivering usable surveillance video across restricted or narrow bandwidths, and providing network partners such as SingTel with unique control over transmission bandwidths and usage. The M2M market represents a significant international opportunity for Digital Barriers. In addition to the potential to extend our relationship with SingTel to its other territories, we will also look to other network and telecoms partners around the world who can deploy M2M and VSaaS offerings based on TVI's unique and highly-differentiated characteristics."

For further information, please contact:

Digital Barriers plc		Tel: [phone]
Tom Black, Executive Chairman
Colin Evans, Managing Director Zak Doffman, Development Director
Investec Investment Banking		Tel: [phone]
Patrick Robb/ Andrew Pinder/ Dominic Emery
FTI Consulting		Tel: [phone]
Edward Bridges/ Matt Dixon/ Elodie Castagna

About Digital Barriers

Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.

www.digitalbarriers.com

 

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