Frisco Bay Wins Million Dollar Federal Government Contract.MONTREAL--(BUSINESS WIRE)--Sept. 10, 1997-- FRISCO FRISCO Fast Reaction Integrated Submarine Control BAY INDUSTRIE(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 FBAYF ) Frisco Bay Industries Ltd., an international provider of automated transaction, time management and security systems for financial institutions, government agencies and industry, today announced that it was the successful bidder to supply an integrated security management system to Government Services Canada for its Les Terasses de la Chaudiere project in Hull, Quebec Hull is part of the city of Gatineau, Quebec, Canada. It is located on the west bank of the Gatineau River and the north shore of the Ottawa River, directly opposite Ottawa. . The value of the contract is approximately CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $1 Million. Work is scheduled to begin on the 2 million square foot facility in September of this year, with an anticipated completion date set for the end of January 1998. The establishment is wholly occupied by federal government services. This latest success closely follows the recent announcement of a contract awarded to Frisco Bay to provide an integrated security system for telecommunications giant Teleglobe Canada. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Company Chairman and C.E.O. Barry Katsof, the latest contract is proof positive of Frisco Bay's successful penetration of this market. It confirms that Frisco Bay continues to remain a supplier of choice for the various levels of government. "Over the years Frisco Bay has won challenging and lucrative government business. Without a doubt our work for the Royal Canadian Mint, the Supreme Court of Canada The Supreme Court of Canada (French: Cour suprême du Canada) is the highest court of Canada and is the final court of appeal in the Canadian justice system.[1] , as well as for casino installations in Quebec, Ontario and Manitoba has strengthened our franchise as a supplier of integrated security systems and financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. equipment. Being well accepted by government represents an excellent opportunity for us in terms of future growth," said Barry Katsof. Frisco Bay Industries Ltd. markets its products throughout Canada, the United States and Latin America where it is recognized as an integrated solutions expert. CONTACT: Frisco Bay Industries Ltd. Barry Katsof, 514/738-7300 or Frisco Bay Industries Ltd. Heather Halickman, 514/738-7300 |
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