CompuDyne Announces $33.7 Million of New Awards for May, 2007; Represents Largest Reported Awards Month

  
    
  
  
    
      CompuDyne Corporation (NASDAQ:CDCY), an industry leader in sophisticated 
      security products, integration and technology for the public security 
      markets, announced that it had a total of $33.7 million in new awards 
      during the month of May, 2007. This represents the highest awards month 
      since CompuDyne began tracking monthly awards.
    
    
      Institutional Security Systems (“ISS”) 
      reported $16.0 million of awards for the month. This includes the 
      previously announced $7.9 million award for a Torrington, Wyoming 
      project. Activity related to prospective projects remains at very high 
      levels in ISS’ market and awards during 2007 
      are expected to exceed those in 2006.
    
    
      Public Safety & Justice had $14.5 million in selection awards and 
      maintenance renewals.
    
    
      Attack Protection had $1.5 million of new awards during the month. Of 
      this total, $0.9 million was in our Fiber SenSys perimeter alarm system 
      company.
    
    
      Integrated Electronic Systems had $1.7 million in awards.
    
    
      The pipeline of project opportunities in process or expected at most of 
      our businesses remains quite active.
    
    
      “Awards,” 
      while evidenced by written confirmation from the customer, generally 
      remain subject to negotiation of a definitive contract with detailed 
      conditions and agreements. While it is unusual not to reach 
      agreement, it remains a possibility until the definitive agreement has 
      been signed by all parties.
    
    
      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 remain in compliance with its bank covenants, delays in 
      government procurement processes, inability 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, the Company’s ability to 
      realize anticipated cost savings, the Company’s 
      ability to simplify its structure and modify its strategic objectives, 
      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.