CompuDyne Announces $4.9 Million of Contracts and Awards for January 2004; Also Announces $4.7 Million State of Maryland Award.Business Editors HANOVER, Md.--(BUSINESS WIRE)--Feb. 20, 2004 CompuDyne Corp. (Nasdaq:CDCY) an industry leader in sophisticated security products, integration and technology for the public security markets, today reported new project contracts and awards in its Institutional Security Systems, Attack Protection, Federal Security Systems and Public Safety and Justice segments during the month of January totaling $4.9 million. The company also announced the receipt, in February 2004, of a $4.7 million contract from the State of Maryland for a prison facility in Cumberland, MD. Institutional Security Systems ("ISS ISS See Institutional Shareholder Services (ISS). ") received $453 thousand in contracts. Attack Protection received contracts of $1.5 million. Attack Protection is still awaiting the announcement of awards for the heavy bidding activity in September 2003 for the State Department Embassy projects. Federal Security Systems received contracts of $1.1 million for the month. Public Safety & Justice received $1.8 million in contracts and awards. In February the Company's Institutional Security Systems segment received a $4.7 million contract for work to be done at the North Branch Correctional Institution Noun 1. correctional institution - a penal institution maintained by the government detention camp, detention home, detention house, house of detention - an institution where juvenile offenders can be held temporarily (usually under the supervision of a juvenile in Cumberland, MD. This is the third phase of construction at North Branch, and CompuDyne has been involved in both previous phases. The scope of work for ISS includes all detention and non-detention hollow metal work, hardware, pneumatic locking systems, glass, metal ceilings etc. As well as all electronic security systems including perimeter intrusion detection See IDS and IPS. , power and controls, interface to detention equipment, and the full integration of electronic and physical security systems. 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, the Company's ability to secure new contracts 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion