£1 million TVI and ISP Contract Award

RNS Number : 4829D

Digital Barriers plc

27 October 2015

 

27 October 2015

Digital Barriers plc

("Digital Barriers")

£1 million TVI and ISP contract award

- Follow-on contract with Asia Pacific maritime security 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 contract valued at £1 million to supply additional land and sea-based TVI and ISP surveillance solutions to a major Asia Pacific maritime security agency. This follows an initial contract for TVI solutions received from the same customer six weeks ago, valued at approximately £0.13 million. The contract is expected to be fully recognised this financial year and to lead to further 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.

The Group's ISP (Integrated Surveillance Platform) combines TVI with other class-leading sensors, including the Group's RDC unattended ground sensor, to provide 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 identified threats. Applications for ISP include force and border protection, critical infrastructure, oil and gas installations, maritime security and law enforcement.

Zak Doffman, Chief Executive Officer of Digital Barriers commented:

"This contract award from an existing flagship customer in Asia Pacific continues our very strong progress in the region, and, coming so quickly after the initial award from this agency in September, clearly illustrates the significant value that our solutions can quickly realise for our customers. The fact that this follow-on award included both TVI and ISP solutions also demonstrates the potential for us to cross-sell our different solutions to existing customers."

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 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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