CompuDyne Awarded Security Contracts for Two New Embassies; $3.4 Million in Attack Protection Products; Embassies Are in Mali and Sierra Leone, Africa.HANOVER, Md. -- CompuDyne Corp. (Nasdaq:CDCY) an industry leader in sophisticated security products, integration and technology for the public security markets, today reported that its Attack Protection unit was awarded $3.4 million of new contracts to provide bullet, blast and attack protection windows and doors for two new embassies. Attack Protection's Norshield division was awarded the two projects by Caddell Construction for security doors and windows Doors and Windows is a multimedia disk by the Irish band The Cranberries. Track listing
The U.S. State A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and Department is continuing its aggressive building program with an additional eight embassies expected to be procured in the third quarter of 2004 and eight more in the fourth quarter of 2004. After the 1998 bombing of the U.S. embassies in Nairobi, Kenya and Dar Es Salaam Dar es Salaam Largest city (pop., 1995 est.: 1,747,000), capital, and major port of Tanzania. Founded in 1862 by the sultan of Zanzibar, it came under the German East Africa Co. in 1887. , Tanzania, the U.S. Department of State embarked upon a comprehensive program to upgrade existing facilities and replace outdated and inadequately secured facilities. The current awards and future bid opportunities reflect the continuation of our government's commitment to a safer and more secure world as outlined in President Bush's budget proposal with plans to construct "150 new safe, secure and functional embassy and consulate compounds over fourteen years (2005 - 2018), at an approximate cost of $17.5 billion". CompuDyne's Norshield division has been the preeminent supplier of high grade, independently tested bullet, blast and attack protection windows and doors to the U.S. Department of State for over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . 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. About CompuDyne CompuDyne operates within four business segments; each with prominent positions in physical and electronic security and technology-based solutions for the public security market. The Institutional Security Systems segment is one of the largest suppliers of physical and electronic security products, as well as integration and maintenance services, to the corrections and courthouse markets. The Attack Protection segment is one of the largest providers of bullet, blast and attack resistant products to U.S. embassies, banks, courthouses and other highly secured facilities in the U.S. and around the world. The segment also designs and manufactures fiber-optic sensors and related systems using optical fiber, proprietary optics and digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). . The Federal Security Systems segment is a supplier of security and specialty engineering services and telecommunications products to the military, intelligence and commercial markets. The Public Safety & Justice segment develops, implements, and supports automated information solutions for public safety and justice agencies worldwide. This division serves government agencies throughout the United States, and is one of the largest companies dedicated to the public safety and justice software market. Public Safety and Justice also provides large-scale inmate management and institutional medical software systems. |
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