$1.1 million TVI Contract Awards

RNS Number : 0313A

Digital Barriers plc

24 September 2015

 

24 September 2015

Digital Barriers plc

("Digital Barriers")

$1.1 million TVI contract awards

- Contracts secured with two major United States federal law enforcement agencies -

The Board of Digital Barriers (the "Group"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce that it has secured two contracts to supply TVI surveillance solutions to flagship federal law enforcement agencies in the United States. The contracts, one secured with a new customer and one with an existing customer, are valued in combination at $1.1 million. Both will see the deployment of newly launched TVI solutions delivering specialist operational capabilities. It is also expected that both will be fully recognised this financial year and to lead to material follow-on awards over multiple years.

The Group's TVI surveillance technology offers secure distribution of real-time video from anywhere to anywhere, featuring end-to-end security, real world resilience and network optimisation that can stream usable live video using 60% less bandwidth than standard technologies. This exceptionally efficient use of available bandwidth enables TVI to deliver significant capability benefits and material cost savings over competing technologies. TVI has already been sold into more than thirty countries, and counts some of the most prominent defence and security agencies in the world as its customers, as well as an increasing number of commercial organisations.

Zak Doffman, Chief Executive Officer of Digital Barriers commented:

"These selections of our TVI video technology by two flagship US federal law enforcement agencies follow significant business development activities and represent the next step towards the expected much wider adoption of TVI across these and other agencies. TVI offers very material advantages over competing solutions and has the potential to become the de facto solution for major law enforcement agencies.

Our US business is now under new and much improved management and we are seeing the benefits in this and other expected awards, and a sales pipeline that is stronger than ever before."

For further information, please contact:

Digital Barriers plc	Tel: [phone]
Zak Doffman, Chief Executive Officer
Sharon Cooper, Chief Financial Officer
Investec Investment Banking	Tel: [phone]
Andrew Pinder/ Dominic Emery
FTI Consulting	Tel: [phone]
Edward Bridges/ Matt Dixon/ Rob Mindell

About Digital Barriers

Digital Barriers provides visual intelligence technologies to the global surveillance, security and safety markets. We specialise in secure, wireless solutions that record, analyse and stream real-time, zero-latency video and related intelligence over cellular, satellite, IP networks and cloud services. These readily-deployable solutions are designed for covert, remote and wide-area coverage, as well as vehicle and body-worn deployments. We also provide advanced video content analysis and body scanning technologies to identify safety concerns and threats in real-time. Our solutions have been sold into more than fifty countries, and have been proven on some of the world's most demanding operational deployments.

www.digitalbarriers.com

 

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