REG - Digital Barriers plc - $8.0 million US Government Contract Awards <Origin Href="QuoteRef">DGB.L</Origin>

ThruvisionAnnouncement

20/04/2017 07:06

RNS Number : 7952C
Digital Barriers plc
20 April 2017
RNS
20 April 2017
Digital Barriers plc
("Digital Barriers" or the "Group")
$8.0 million US Government Contract Awards
Digital Barriers (AIM: DGB), the specialist provider of visually intelligent solutions to the global surveillance, security and safety markets, is pleased to announce the award of a contract with a major US federal law enforcement agency and existing customer valued at $7.2 million. This contract is one of several that were in the final stages of procurement at the time of the Group's trading update on 24 March.
The contract is for the supply of specialist surveillance equipment from one of the Group's strategic partners, which this agency uses alongside its installed base of Digital Barriers technology. The Group is currently working with this strategic partner to explore the potential for further joint product collaboration that would build upon their combined installed bases. 
This latest contract award follows the signature of several smaller awards with other US government customers this month, valued in combination at $0.8 million. These contracts are all expected to be delivered in full in the current financial year. 
In total, the Group now has approximately 15 million in contracted sales already secured for delivery in the current financial year.
Zak Doffman, Chief Executive Officer of Digital Barriers, commented:
"The US remains our most important strategic market, and this latest set of contract awards shows that we continue to make good progress, albeit with the challenge of the actual timing of the awards. We now have a very strong contracted backlog position for the current financial year, with approximately 15 million already secured. We continue to focus all of our efforts on the pace and tempo of further sales closures." 
For further information, please contact:
Digital Barriers plc
Tel: 0203 553 5888
Zak Doffman, Chief Executive Officer

Sharon Cooper, Chief Financial Officer



Investec Investment Banking
Tel: 020 7597 5970
Andrew Pinder/ Dominic Emery /
Patrick Robb





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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