City of Albuquerque, NM, Has Recommended for Award a $4.1 Million Contract to CompuDyne-Public Safety and Justice
June 27 2005 - 8:00AM
Business Wire
CompuDyne Corporation (Nasdaq:CDCYE), an industry leader in
sophisticated security products, integration and technology for the
public security markets, announced today that the city of
Albuquerque, New Mexico has recommended for award a $4.1 million
contract for a Computer Aided Dispatch and Records Management
System to CompuDyne-Public Safety and Justice, Inc. (formerly,
Tiburon, Inc.). CompuDyne-Public Safety and Justice is a leading
provider of automated public safety and justice systems which meet
the demanding and complex needs of law enforcement, fire &
rescue, corrections and justice agencies. The new Computer Aided
Dispatch system will serve both Albuquerque's Police and Fire
departments and will allow dispatchers to respond to and manage
citizens' requests for emergency services more efficiently. The
comprehensive Records Management System will consolidate and
automate records processing and criminal investigations for the
Albuquerque Police and the Bernalillo County Sheriff's Departments;
helping officers solve crimes and track suspects that inevitably
cross city and county boundaries. CompuDyne has successfully
deployed similar comprehensive public safety systems to hundreds of
city, county, and state-wide public safety agencies across the
United States. Certain statements made in this press release
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act 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 patterns of the security market and the demand for the
Company's products, competitive factors and pricing pressures,
changes in legislation, regulatory requirements, government budget
problems, the Company's ability to secure new contracts, the
ability to successfully grow the Company by completing
acquisitions, the ability to remain in compliance with its bank
covenants, delays in government procurement processes, ability to
obtain bid, payment and performance bonds on various of the
Company's projects, technological change or difficulties, the
ability to refinance debt when it becomes due, product development
risks, commercialization difficulties, adverse results in
litigation, the level of product returns, the amount of remedial
work needed to be performed, costs of compliance with
Sarbanes-Oxley requirements and the impact of the failure to comply
with such requirements, risks associated with internal control
weaknesses identified in complying with Section 404 of
Sarbanes-Oxley, and general economic conditions. Risks inherent in
the Company's business and with respect to future uncertainties are
further described in its other filings with the Securities Exchange
Commission, such as the Company's Form 10-K, Form 10-Q, and Form
8-K reports.
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