Digital Barriers agrees £10m credit facility

RNS Number : 7619M

Digital Barriers plc

18 October 2016

 

18 October 2016

Digital Barriers plc

("Digital Barriers" or the "Group")

Digital Barriers agrees £10m credit facility

Digital Barriers plc (AIM: DGB, the "Group"), the specialist provider of visually intelligent solutions to the global surveillance, security and safety markets has agreed a two year £10m revolving credit facility with Investec Bank plc ("Investec").

The funds available through the facility will be used to meet the increasing working capital requirements of the Group's organic growth, helping to ensure that the Group's stock levels are better able to keep track with contracted revenue growth.

For further information please contact:
Digital Barriers plc	[phone]
Zak Doffman, Chief Executive Officer
Sharon Cooper, Chief Financial Officer
Investec Investment Banking	[phone]
Andrew Pinder / Patrick Robb
FTI Consulting LLP	[phone]
Edward Bridges / Matt Dixon

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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