Compudyne (NASDAQ:CDCY)
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CompuDyne Corporation (NASDAQ:CDCY), an industry leader in sophisticated
security products, integration, and technology for the public security
markets, announced today that the county of Riverside, California signed
a $1.8 million contract with CompuDyne’s
public safety and justice unit, Tiburon, Inc. of Pleasanton, CA, to
provide a comprehensive upgrade to the Sheriff’s
Department Records Management System (RMS). Tiburon is an
industry-leading provider of automated public safety and justice systems
to meet the demanding and complex needs of law enforcement, fire and
rescue, corrections, and justice environments.
The Riverside County Sheriff’s Department, a
client since 1996, contracted with Tiburon to provide an upgrade to
their existing Tiburon RMS. The County wanted to take advantage of the
new hardware technology and enhanced software functionality provided by
this comprehensive upgrade.
The Sheriff’s Department operates 11 main
stations and other store front facilities that serve the unincorporated
areas of the county and 13 contract cities. The new RMS will consolidate
and automate records processing and criminal investigations for the
county. Law enforcement personnel will be able to use this database to
store information related to arrests, citations, contacts, incidents,
pawned property and more. Additionally, with an interface to the county
jail system, booking information will be automatically transferred to
the new RMS providing timely, and more accurate, information to county
law enforcement personnel.
The new system will also include automated report writing capability for
officers in the field. Officers will be able to enter data directly into
selected electronic forms that replicate the County’s
existing forms, which minimizes training time and increases the speed
and accuracy of incident reporting.
Work has begun on this important project for the county.
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.