$1.2 million TVI Contract Award

RNS Number : 6337A

Digital Barriers plc

30 September 2015

 

30 September 2015

Digital Barriers plc

("Digital Barriers")

$1.2 million TVI contract award

- Follow-on contract secured with major United States federal law enforcement agency -

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 a TVI contract valued at $1.2 million.

The contract will see Digital Barriers supply additional TVI surveillance solutions to one of the United States flagship federal law enforcement agencies referenced in the Group's $1.1 million contract award announcement of 24 September 2015. This contract, in keeping with those announced on 24 September, is for a newly launched TVI solution and is expected to be fully recognised this financial year and lead to material follow-on awards.

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:

"This additional contract award from a major US federal agency, coming so quickly after last week's contract news with the same customer, underpins our confidence in the potential of TVI to achieve widespread adoption across major law enforcement agencies in the United States and across our other international regions.

TVI is now a firmly-proven and highly-differentiated technology, which materially outperforms its competition in trials and demonstrations, and, much more importantly, in real-world deployments. Delivering secure, zero-latency video over cellular and other wireless networks is notoriously difficult. TVI can reliably achieve this using 60% less bandwidth than standard technologies, which makes it much more capable, much more reliable, and much more cost effective."

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

 

END

 

 

CNTUKVRRVBAKUUR