CompuDyne's Public Safety and Justice Division Joins NetConnect Alliance.ANNAPOLIS, Md. -- CompuDyne Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets has joined the NetConnect Alliance, a growing consortium of vendors who provide the public safety industry with a vendor-neutral, standards-based suite of solutions for integration and interoperability among public safety and justice agencies. Tiburon, a company with CompuDyne's Public Safety and Justice Division, is an industry leading provider of automated public safety and justice systems which meet the demanding and complex needs of law enforcement, fire & rescue and justice environments. According to Dan Crawford, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CompuDyne's Public Safety and Justice Division, "Interoperability has become much more than just another buzzword A term that refers to the latest technology or a term that sounds catchy. If not a flash in the pan, new technologies become mainstream. For example, Java was a hot buzzword in the 1990s, but should remain a major topic for decades. in public safety. Integration and information sharing is the most important movement in the industry today. The NetConnect platform provides a vendor-independent infrastructure that public safety vendors can use to provide robust integration functionality." The NetConnect platform is based on Justice XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and web services, and leverages the power of Microsoft's BizTalk and .NET to provide a platform that is secure, robust and full-featured, yet totally customizable to meet specified client needs. In addition, the NetConnect Alliance provides a rich ecosystem of partners who complement the base platform with synergistic offerings. Tom Looney, Managing Partner of NextChannel Partners, added, "As the administrators of the NetConnect Alliance, NextChannel is delighted to welcome CompuDyne as a new member. As a major force in the public safety industry, we are proud that they have selected NetConnect to support their integration efforts." Certain statements made in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. patterns of the security market, competitive factors, pricing measures, regulatory requirements, the Company's ability to secure new contracts, risks associated with internal control weaknesses identified in complying with Section 404 of Sarbanes-Oxley, costs related to potential acquisitions, the level of product returns, the costs associated with work to be performed pursuant to Section 404, and the risks inherent in CompuDyne's business and future uncertainties which are further described in its filings with the Securities and Exchange Commission, such as the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Q Form 10-Q See 10-Q. , and Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. reports. |
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