REG - Digital Barriers plc - £1.9m contract awards in Asia Pacific <Origin Href="QuoteRef">DGB.L</Origin>

ThruvisionAnnouncement

01/12/2015 07:12

RNS Number : 4730H
Digital Barriers plc
01 December 2015
RNS 
1 December2015
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 onceswitched onis 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 thisgives us increasing confidence in an operationally break-even second half to the financial year."
For further information, please contact:
 Digital Barriers plc
Tel: 020 7940 4740
 Zak Doffman, Chief Executive Officer
 Sharon Cooper, Chief Financial Officer
 Investec Investment Banking
Tel: 020 7597 5970
 Andrew Pinder/ Dominic Emery
 FTI Consulting
Tel: 020 3727 1000
 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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