£1.9m contract awards in Asia Pacific

RNS Number : 4730H

Digital Barriers plc

01 December 2015

 

RNS

1 December 2015

Digital Barriers plc

("Digital Barriers")

£1.9m contract awards in Asia Pacific

The Board of Digital Barriers plc (the "Group"), the specialist provider of advanced surveillance technologies to the security and defence sectors, is pleased to announce that it has now received two new contract awards in its Asia Pacific region.

The first award is a follow-on contract with a defence agency in Asia Pacific to supply its ISP solution for use in the protection of a maritime security zone. This follows on from an initial contract secured with the same customer in June 2015, valued at £0.3m, which was delivered in the first half of the year. The new contract, valued at £1.45m is expected to deliver in the current financial year and represents a material scale-up of this relationship with further significant awards expected in 2016 and beyond. The Group's ISP solution provides real-time video surveillance and intrusion alerts for remote and inaccessible locations. ISP enables live video streaming and intrusion data to be shared at local, regional and national levels across multiple agencies, supporting a coordinated, timely response to threats.

The second award is for the Group's ThruVision solution with a government agency in Asia Pacific. The contract is valued at £0.45m and also for delivery this financial year. ThruVision reveals person-borne threats to life or illicit goods concealed under clothing. The completely passive technology can detect metal and 3D-printed guns, liquid and solid explosives, and trafficked contraband such as currency and drugs through multiple layers of clothing at stand-off distances of 10 to 15 metres.

Zak Doffman, Chief Executive Officer of Digital Barriers commented:

"Our ISP solution is generating increasing interest and is now being used successfully to protect high-profile, hostile and remote locations. ISP contracts often carry significant follow-on potential, including access to national-level defence budgets. This particular contract is the second from the customer this year and we expect long-term engagement with them in the region.

There is also increasing interest in our ThruVision technology to protect high-throughput public places. Ten years and tens of millions of pounds have been invested in the technology, and the current generation, which only launched a year ago, is the first capable of mass deployments in the real world. ThruVision is mobile and plug and play, it requires no special infrastructure or integration, and once switched on is working in minutes.

These two contract awards continue our strong sales momentum. We secured more than £3m of new sales in November, and our year-to-date sales for delivery this year have increased 57% overall on the same period last year, and 140% in our international business. All of this gives us increasing confidence in an operationally break-even second half to the financial year."

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/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 

 

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