REG - Digital Barriers plc - £2.4 million contract awards in Asia Pacific <Origin Href="QuoteRef">DGB.L</Origin>

ThruvisionAnnouncement

21/09/2015 07:00

RNS Number : 5844Z
Digital Barriers plc
21 September 2015
21 September2015
Digital Barriers plc 
("Digital Barriers")
2.4 million contract awards in Asia Pacific
- 1.6m sale of ThruVision people screening units for major government agency -
- 0.3m immediate supply of initial ISP modules for multi-year border programme -
- Two contracts totalling 0.5m for TVI video surveillance into law enforcement agencies -
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 four strategically important contract awards in its Asia Pacific region, with a combined initial value of 2.4 million to be delivered in the current financial year. All four contracts are also expected to deliver multi-year revenues, following from their respective initial phases.
The first contract of approximately 1.6 million is for the Group's ThruVision people screening technology for border security and counter-terrorism applications. Won under a proposed multi-year OEM framework agreement with a major government agency, this contract is expected to deliver further follow-on awards in future years. ThruVision is a unique sensing system for people screening that can detect both metallic and non-metallic objects including metal or plastic weapons, explosives, drugs, currency and other contraband. ThruVision has been sold into more than fifteen countries for defence against IEDs, drugs and currency smuggling, concealed weapon detection, counter-terrorism operations, facility protection and commercial loss prevention. 
The second contract of approximately 0.3 million is for the purchase of the Group's ISP (Integrated Surveillance Platform) solution by a flagship government defence agency, as part of a significant programme award to the Group and its local system integrator partner. Representing the culmination of more than two years business development, this programme award is expected to deliver material revenues for the Group from 2016 onwards. ISP provides real-time video surveillance and intrusion alerts for remote and inaccessible locations, enablinglive video streaming and intrusion data to be securely shared at local, regional and national levels across multiple agencies and 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. 
The Group has also been awarded two TVI video surveillance contracts totalling approximately 0.5 million with major law enforcement agencies. One of these contracts is a further follow-on to the 1.0 million award announced on 1 September 2015. The Group's TVI 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:
"Each of these contract awards is strategically important for Digital Barriers as we continue to develop our business with flagship customers around the world. A further 2.4 million of contracts in Asia Pacific also represents further progress in a key region where our revenues doubled last financial year and are on target to do the same this year. 
The ThruVision contract is the largest single purchase order in the history of that technology, but more importantly it is the initial award under a proposed multi-year OEM framework agreement and is with a significant government agency in the region. ThruVision enjoyed its best ever year last year, capitalising on significant product and business development over the last few years. The technical strength of ThruVision is evident in its strong sales pipeline, more than half of which is now into repeat customers already using the technology. The award of a multi-year ISP programme to secure one of the highest profile borders in the region follows more than two years of business development and demonstrates that, despite a protracted sales cycle in this industry, we are now in position to secure material programme awards with government agencies around the world.
Together with developments in other regions, these contracts underpin our confidence in delivering a strong full year performance in line with our plan."
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/ Rob Mindell



About Digital Barriers
Digital Barriers provides advanced surveillance technologies to the international homeland security and defence markets, specialising in 'edge-intelligent' solutions that are designed for remote, hostile or complex operating environments. We work with governments, multinational corporations and system integrators in the defence, law enforcement, critical infrastructure, transportation and natural resources sectors. Our surveillance technologies have been successfully proven on some of the most demanding operational and environmental deployments around the world.
www.digitalbarriers.com

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