News & Press
Kentucky-Based Center for Rural Development Contracts with CompuDyne-Public Safety & Justice, Inc. for a $1.0 Million Records Ma
Date: Monday, December 05, 2005
ANNAPOLIS, Md.--(BUSINESS WIRE)--Dec. 5, 2005--CompuDyne Corporation (Nasdaq:CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, announced today that the Kentucky-based Center for Rural Development has signed a $1.0 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 more than 100 law enforcement agencies throughout 42 counties in Southern and Eastern Kentucky.
The Center for Rural Development, headquartered in Somerset, Kentucky, is a non-profit organization dedicated to providing innovative community development solutions for the citizens of rural Southern and Eastern Kentucky. The RMS provided by CPS&J is part of a multi-million dollar Law Enforcement Technology project initiated by The Center in 2001 to provide improved communications and advanced technologies to local law enforcement agencies.
The new RMS will provide several benefits to local law enforcement agencies. "Our goal is to increase productivity through automation of labor intensive tasks, enhance investigative efficiency by providing a regional information database and the tools necessary to access the information, and improve information sharing allowing local agencies to collaborate their law enforcement activities," says Rodney Murphy, Director of Public Safety for The Center. "We are proud to have CompuDyne as our strategic partner in this critically important public safety project for our region."
The RMS will consolidate and automate records processing and criminal investigations for law enforcement agencies. A regional database will store information related to arrests, citations, contacts, incidents, pawned property and more. This information will be available on a regional basis to authorized law enforcement officials to conduct queries to link related incidents and perpetrators, locate stolen property and indicate crime patterns and trends. Automating and sharing critical information saves precious time and improves accuracy of law enforcement activities. In addition to helping to solve crimes, the system will allow agencies to manage various administrative functions such as personnel tracking and scheduling, evidence management, training and certification tracking.
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.
CONTACT: CompuDyne Corporation
Geoffrey F. Feidelberg, 410-224-4415 ext.313
investors.relations@compudyne.com
SOURCE: CompuDyne Corporation
