Electronic Control Security, Inc. Awarded Series of Purchase Orders Totaling $1.6 Million to Supply Security Equipment for th...
February 08 2013 - 9:30AM
Marketwired
Electronic Control Security, Inc. (OTCBB: EKCS) (ECSI), a global
leader in state-of-the-art integrated entry control and perimeter
security systems, today announced receipt of a series of purchase
orders valued at $1.6 million to supply security equipment for the
Kingdom of Saudi Arabia's Frontier Forces. ECSI anticipates
fulfilling these purchase orders during fiscal year 2013.
Arthur Barchenko, President & CEO of ECSI, stated, "These
purchase orders reflect ECSI's commitment to establishing new
revenue opportunities in overseas markets. This news is a testament
to ECSI's reach as a company and I believe demonstrates a degree of
confidence on the part of our foreign customers in ECSI's ability
to consistently deliver quality product no matter the geographical
distance. For this particular customer, we are excited about the
prospects of a long-standing relationship."
Further, Mr. Barchenko added that, "Proposals have been
submitted in response to additional opportunities in the Kingdom
addressing security upgrade requirements for the Ministry of
Defense, Ministry of Interior as well as oil & gas facilities.
Contract awards are anticipated for fiscal 2013 through 2015."
About ECSI
ECSI is a global leader in entry control and perimeter security
and a quality provider to the Department of Defense, Department of
Energy, nuclear power stations, and other large
commercial-industrial complexes. The Company designs, manufactures
and markets physical electronic security systems for high-profile,
high-threat environments utilizing risk assessment and analysis to
determine and address the security needs of its customers. Teaming
agreements with major system integrators enable ECSI to support the
installation and aftermarket of its products in the U.S. and
overseas. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1,
Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more
information on ECSI and its customers, please visit
http://www.ecsiinternational.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press
release contains forward-looking statements that involve
substantial uncertainties and risks. These forward-looking
statements are based upon our current expectations, estimates and
projections about our business and our industry and reflect our
beliefs and assumptions based upon information available to us at
the date of this release. We caution readers that forward-looking
statements are predictions based on our current expectations about
future events. These forward-looking statements are not guarantees
of future performance and are subject to risks, uncertainties and
assumptions that are difficult to predict. Our actual results,
performance or achievements could differ materially from those
expressed or implied by the forward-looking statements as a result
of a number of factors, including but not limited to changes in
economic conditions generally and in our industry specifically,
timely delivery by us of the purchase orders and timely receipt by
us of payment in respect of such orders, acceptance of our
proposals, changes in security technology, receipt and timing of
collections from purchase orders, legislative or regulatory changes
that affect us, the availability of working capital, changes in
costs and the availability of goods and services, the introduction
of competing products, changes in our operating strategy or
development plans, sufficiency of cash reserves and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended June
30, 2012 and in our other filings with the Securities and Exchange
Commission. We undertake no obligation to revise or update any
forward-looking statement for any reason.
FOR CONTACT: Daryl Holcomb (973) 574-8555
Electronic Control Secur... (CE) (USOTC:EKCS)
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