Compudyne (NASDAQ:CDCY)
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From Sep 2019 to Sep 2024
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 $9.2 million in new awards
during the month of October, 2006.
Institutional Security Systems reported awards of $4.3 million for the
month, including a $3.1 million award for an addition to the Washoe
County Detention Facility.
Public Safety & Justice had $3.4 million in selection awards and
maintenance renewals. Major projects included an $812 thousand award for
a new regional Computer Aided Dispatch system for St. Louis, Cook,
Carlton, Lake, and Koochiching counties in Northern Minnesota. The
system will network six separate emergency communications centers and,
operating on fully distributed Microsoft Windows workstations, will
provide server-independent processing of all critical CAD functions and
a reliable configuration approaching 100% system availability. Also
included is an $800 thousand award to provide a comprehensive Fire
Records Management System (“RMS”)
to support the Southeast and Southwest Regional Dispatch Centers for the
U.S. Navy. This project is part of the Navy Emergency Response
Management System initiative to provide the Navy with fully integrated
public safety technologies for the police, fire and emergency medical
agencies at Navy shore locations. Approximately thirty Naval bases will
be supported from the Jacksonville, FL and San Diego, CA operations
centers. We will be acting as a subcontractor to a prime contractor on
this project.
Attack Protection had $1.8 million of new awards during the month,
however this was offset by the cancellation of an earlier $1.3 million
award, resulting in $0.5 million in net awards for the month.
Integrated Electronic Systems had $1.0 million in awards. This included
$0.6 million of awards for its Signami DCS signals intelligence business
unit.
The expected projects “pipelines”
at all of our businesses remain quite active. Awards for the third
quarter exceeded awards for the entire first half of 2006.
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.
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 $9.2 million
in new awards during the month of October, 2006.
Institutional Security Systems reported awards of $4.3 million for
the month, including a $3.1 million award for an addition to the
Washoe County Detention Facility.
Public Safety & Justice had $3.4 million in selection awards and
maintenance renewals. Major projects included an $812 thousand award
for a new regional Computer Aided Dispatch system for St. Louis, Cook,
Carlton, Lake, and Koochiching counties in Northern Minnesota. The
system will network six separate emergency communications centers and,
operating on fully distributed Microsoft Windows workstations, will
provide server-independent processing of all critical CAD functions
and a reliable configuration approaching 100% system availability.
Also included is an $800 thousand award to provide a comprehensive
Fire Records Management System ("RMS") to support the Southeast and
Southwest Regional Dispatch Centers for the U.S. Navy. This project is
part of the Navy Emergency Response Management System initiative to
provide the Navy with fully integrated public safety technologies for
the police, fire and emergency medical agencies at Navy shore
locations. Approximately thirty Naval bases will be supported from the
Jacksonville, FL and San Diego, CA operations centers. We will be
acting as a subcontractor to a prime contractor on this project.
Attack Protection had $1.8 million of new awards during the month,
however this was offset by the cancellation of an earlier $1.3 million
award, resulting in $0.5 million in net awards for the month.
Integrated Electronic Systems had $1.0 million in awards. This
included $0.6 million of awards for its Signami DCS signals
intelligence business unit.
The expected projects "pipelines" at all of our businesses remain
quite active. Awards for the third quarter exceeded awards for the
entire first half of 2006.
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.