CompuDyne Announces $13.7 Million of New Awards for April; Institutional Security Systems Announces $8.8 Million North Carolina
2005年6月1日 - 9:00PM
ビジネスワイヤ(英語)
CompuDyne Corporation (Nasdaq:CDCYE), an industry leader in
sophisticated security products, integration and technology for the
public security markets, announced that it had total awards of
$13.7 million during the month of April, 2005. The Public Safety
& Justice group had $1.5 million in awards and maintenance
renewals. Attack Protection had $2.2 million of awards in April
including $610 thousand for work on a new embassy in Beijing and a
$720 thousand order for Fiber SenSys product to protect oil fields
and refineries in the Middle East (not in Iraq). Approximately
seventeen new embassies are scheduled to be let during the second
half of 2005. Institutional Security Systems ("ISS") reported
awards of $9.6 million including the previously announced $6.1
million Winnebago County, Illinois project. In late May, ISS was
awarded an $8.8 million contract by Centex Construction for a
1,000-cell State of North Carolina Close Security Facility No. 6 to
be located in Tabor City, NC. The project will include Airteq
pneumatic hardware as well as other security hardware and security
electronics. Construction is scheduled to begin in May of 2005 and
be complete by February of 2008. Integrated Electronic Systems
("IES") had $380 thousand of awards. The initial protest of IES'
$25.4 five-year contract award from the Bureau of Engraving and
Printing was denied and IES expects to begin work on this contract
in June. If no further protest is registered, a portion of this
contract will be added to Company backlogs in May. Certain
statements made in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, including those statements concerning the
Company's expectations with respect to future operating results and
other events. Although the Company believes it has a reasonable
basis for these forward-looking statements, these statements
involve risks and uncertainties that cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Factors which could cause actual results to differ from
expectations include, among others, capital spending patterns of
the security market and the demand for the Company's products,
competitive factors and pricing pressures, changes in legislation,
regulatory requirements, government budget problems, the Company's
ability to secure new contracts, the ability to successfully grow
the Company by completing acquisitions, the ability to remain in
compliance with its bank covenants, delays in government
procurement processes, ability to obtain bid, payment and
performance bonds on various of the Company's projects,
technological change or difficulties, the ability to refinance debt
when it becomes due, product development risks, commercialization
difficulties, adverse results in litigation, the level of product
returns, the amount of remedial work needed to be performed, costs
of compliance with Sarbanes-Oxley requirements and the impact of
the failure to comply with such requirements, risks associated with
internal control weaknesses identified in complying with Section
404 of Sarbanes-Oxley, and general economic conditions. Risks
inherent in the Company's business and with respect to future
uncertainties are further described in its other filings with the
Securities Exchange Commission, such as the Company's Form 10-K,
Form 10-Q, and Form 8-K reports.
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