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OPTC Ocean Pwr.Tech.

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Share Name Share Symbol Market Type Share ISIN Share Description
Ocean Pwr.Tech. LSE:OPTC London Ordinary Share COM SHS USD0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Optelecom-NKF Wins Traffic Management Project for El Fresno Tunnel in the Principality of Asturias, Spain

07/10/2009 9:05pm

PR Newswire (US)


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GERMANTOWN, Md., Oct. 7 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. (NASDAQ:OPTC), a leading global supplier of advanced video surveillance solutions, today announced it has won a major traffic management technology contract in Spain. Optelecom-NKF will work with Indra Sistemas, S.A. (Indra), Spain's leading information technology company, to design and deploy a combined traffic monitoring and automatic incident detection (AID) system in the 949 meter long El Fresno Tunnel, located along the A-63 highway in the Principality of Asturias, Northern Spain. Terms of the contract were not disclosed. Plans call for the El Fresno Tunnel's local IP/Ethernet network system to utilize eighteen Siqura® TrafficServers(TM), multiple Siqura dome cameras, located at tunnel entrances, and twenty-two fixed cameras spanning the interior of the tunnel to stream real-time video to a central control room. The TrafficServer is an award winning intelligent solution for traffic management and incident detection. It offers a combination of incident detection, traffic data collection, and camera monitoring in a single, temperature-hardened module. The TrafficServer provides real-time data and image information for optimal traffic control and accurate incident detection. "We're pleased to be working with Indra to improve traffic management and road safety in the El Fresno Tunnel," said Dave Patterson, Optelecom-NKF's president and CEO. "Video incident detection is a fast and reliable tool for managing traffic, controlling secondary accidents, and saving lives. Our TrafficServer alerts operators to incidents so they can quickly assess and initiate responses to rapidly occurring events." The TrafficServer's AID technology extends tunnel operators' eyes and ears to detect abnormal traffic conditions, including stopped vehicles, lane occupancy and flow speed, sudden speed changes, the presence of pedestrians, and smoke. Indra Senior Account Executive, Julian Diaz Montoya added, "Optelecom-NKF was able to meet the complex needs of this project: To provide the control room with both the images and data to enable effective decision making for optimizing traffic flow and incident detection." About Optelecom-NKF Optelecom-NKF, Inc. (NASDAQ:OPTC), manufacturer of Siqura® advanced video surveillance solutions, provides a full range of network products based on an open technology platform that simplifies integration and installation. Our Siqura® solutions offer a perfect blend of ease of use and processing power, enabling end-users to optimize the effectiveness of their surveillance systems while reducing the total cost of ownership. All products and solutions are developed and tested for professional and missioncritical applications, such as at highway departments, airports, seaports, casinos, public transport authorities, hospitals, city centers, shopping centers, military bases, and corporate and government campuses. Founded in 1972, Optelecom-NKF is committed to providing its customers with expert technical advice and support. Investor inquiries should be directed to Mr. Rick Alpert at +1 301-948-7872. Press inquiries for Europe, Middle East, Africa and Asia should be directed to Kate Huber tel. +31 182 592 215 Press inquiries for North and Latin America should be directed to Betsy Lanning, tel. +1 301-444-2276 For more information please visit our website: http://www.optelecom-nkf.com/ About Indra Indra is the premier information technology (IT) company in Spain and a leading IT multinational in Europe and Latin America. It is ranked as the second European company in its sector by stock market capitalization and also the second Spanish company with the most investment in R&D. In 2008, revenues reached euro 2,380 million, a third of which came from the international market. The company employs more than 29,000 professionals and has clients in more than ninety countries. DATASOURCE: Optelecom-NKF, Inc. CONTACT: Investors, Rick Alpert, +1-301-948-7872, or Press for Europe, Middle East, Africa and Asia, Kate Huber, +31-182-592-215, , or Press for North and Latin America, Betsy Lanning, +1-301-444-2276, , all of Optelecom-NKF, Inc. Web Site: http://www.optelecom-nkf.com/

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