News & Press
Volusia County, Florida Contracts with CompuDyne-Public Safety & Justice, Inc. for a $2.0 Million Records Management System
Date: Tuesday, January 17, 2006
ANNAPOLIS, Md., Jan 17, 2006 (BUSINESS WIRE) -- CompuDyne Corporation (Nasdaq:CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, announced today that the County of Volusia, Florida has signed a $2.0 million contract with CompuDyne-Public Safety & Justice, Inc. (formerly Tiburon, Inc.) to provide a Records Management System. CompuDyne-Public Safety & Justice, Inc. (CPS&J) is an industry-leading provider of automated public safety and justice systems which meet the demanding and complex needs of law enforcement, fire & rescue, corrections and justice environments. This comprehensive Records Management System (RMS) will serve the Volusia County Sheriff Department and up to 18 other law enforcement agencies throughout the county.
The Volusia County Sheriff Department, a CPS&J client since 1990, wanted to provide improved communications and advanced technologies to local law enforcement agencies. The new RMS will consolidate and automate records processing and criminal investigations for the county. Local law enforcement agencies will be able to use this regional database to store information related to arrests, citations, contacts, incidents, pawned property and more, while still maintaining their own data and security parameters. The regional RMS will allow authorized law enforcement officials to conduct queries to link related incidents and perpetrators, locate stolen property and indicate crime patterns and trends across jurisdictional boundaries.
"Technology is one of the most important public safety tools today," said George Conlon, Information Systems Director for the Sheriff's Office. "The ability to quickly access and share information is critical to the success of law enforcement and is often key to solving cases and making arrests. Sheriff Ben Johnson is a strong proponent of information sharing among agencies and looks forward to the enhanced capabilities that the new RMS system will provide to law enforcement in our county."
The new RMS includes enhanced functionality and automated report writing capability for officers in the field. Officers will be able to enter, access and transfer their accident and case reports while in the field, increasing the speed and accuracy of incident reporting and permitting officers to spend more time in the community.
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, the Company's ability to realize anticipated cost savings, the Company's ability to simplify its structure and modify its strategic objectives, 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.
SOURCE: CompuDyne Corporation
CompuDyne Corporation
Geoffrey F. Feidelberg, 410-224-4415 ext.313
investors.relations@compudyne.com
