CompuDyne Products to Protect Nuclear Facilities; $2 Million Award Received for Bullet and Blast Protection Products.Business Editors HANOVER, Md.--(BUSINESS WIRE)--April 28, 2004 CompuDyne Corp. (Nasdaq:CDCY) an industry leader in sophisticated security products, integration and technology for the public security markets, today reported that it was awarded over $2 million in contracts for blast and ballistic resistant windows, doors and gun ports for use at nuclear reactor facilities. CompuDyne's Attack Protection Group was awarded over $2 million in blast and high-level ballistic windows, doors and gun ports by a modular building Modular buildings are sectional prefabricated buildings that are manufactured in a plant, and delivered to the customer in one or more complete modular sections. Modular buildings are considerably different from mobile homes. manufacturer. These products are to be used in security booths around the country in response to mandates by the Nuclear Regulator Commission for security improvements to meet Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States needs. CompuDyne's Attack Protection Group is one of the largest suppliers of high-end bullet, blast and attack resistant windows and doors for high value targets such as U.S. embassies worldwide. 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 In systems engineering, Specialty Engineering includes the engineering domains that are not typical of the main engineering effort. Hardware engineering, software engineering, and human factors engineering may be used as major elements in a majority of systems engineering efforts 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. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion