Ensec International, Inc. awarded major subcontract by Lockheed Martin for electronic security systems at George Washington Bridge, Lincoln and Holland Tunnels.
NEW YORK--(BUSINESS WIRE)--Nov. 6, 1996--Ensec International, Inc. (NASDAQ NASDAQ
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ENSC Enterprise Network Support Center ), a leading designer, developer, and provider of state-of-the-art, high-end, integrated security systems, announced that Lockheed Martin IMS (1) See IP Multimedia Subsystem.
(2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. , previously announced as the primary contractor selected by the Port Authority of New York & New Jersey to design, develop and install an electronic security system for the George Washington Bridge George Washington Bridge, vehicular suspension bridge across the Hudson River, between Manhattan borough of New York City and Fort Lee, N.J.; constructed 1927–31. It is one of the longest suspension bridges in the world. and the Lincoln and Holland tunnels, has selected Ensec International, Inc.'s EnWorks(TM) En2000(TM) as the security system of choice to protect secure areas of those key New York/New Jersey crossings.
Lockheed Martin, as prime contractor, will integrate the various state-of-the-art security devices into one system capable of satisfying all the security needs of the Port Authority of New York and New Jersey Port Authority of New York and New Jersey, self-sustaining public corporation established in 1921 by the states of New York and New Jersey to administer the activities of the New York–New Jersey port area, which has a waterfront of c. saving time as well as money.
Ensec's initial portion of the total contract, valued at $17 million, is $500,000 and could be as much as $1.1 million.
"Lockheed Martin has been actively engaged in the design, integration and implementation of security systems for many high profile installations including highly classified U.S. Department of Defense facilities and Department of Energy sites. Consequently, we are very proud that Ensec has been selected as the supplier of a major component of this highly sophisticated system," stated Charles N. Finkel, President and 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 Ensec International, Inc.
Ensec International, Inc. designs, develops, assembles, sells, installs and services integrated security systems for large commercial and government facilities. It has more than 400 security systems installed in some of the world's largest corporations. Its customers include ADT, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Lockheed Martin and government agencies, including the Port Authority of New York & New Jersey's World Trade Center in New York.
Lockheed Martin IMS is a leading provider of data processing and systems integration services to about 200 state and local governments, as well as private-sector clients. IMS' Electronic Security Systems unit is based in Orlando, Florida. The company has more than 50 offices in the United States and Europe.
IMS is a subsidiary of Lockheed Martin Corporation.
Certain of the statements made in this release are forward-looking. There can be no assurance that actual results will not differ materially from the Company's expectations. Factors which could cause actual results to differ materially from such expectations include the Company's performance under the contract, the evolving character of the market for the Company's products, the performance of other service providers not subject to Company control, production delays or other manufacturing inefficiencies which may arise, new product development and potential technological obsolescence ob·so·les·cent
1. Being in the process of passing out of use or usefulness; becoming obsolete.
2. Biology Gradually disappearing; imperfectly or only slightly developed. and other factors fully discussed in the section entitled Risk Factors in the Company's prospectus dated September 25, 1996.
CONTACT: John DeGeorge, Vice President - Sales
ENSEC INTERNATIONAL, INC.
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