Compudyne (NASDAQ:CDCYE)
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From Oct 2019 to Oct 2024
CompuDyne Corporation (Nasdaq:CDCYE), an industry
leader in sophisticated security products, integration and technology
for the public security markets, announced today that the city of
Albuquerque, New Mexico has recommended for award a $4.1 million
contract for a Computer Aided Dispatch and Records Management System
to CompuDyne-Public Safety and Justice, Inc. (formerly, Tiburon,
Inc.). CompuDyne-Public Safety and Justice is a leading provider of
automated public safety and justice systems which meet the demanding
and complex needs of law enforcement, fire & rescue, corrections and
justice agencies.
The new Computer Aided Dispatch system will serve both
Albuquerque's Police and Fire departments and will allow dispatchers
to respond to and manage citizens' requests for emergency services
more efficiently. The comprehensive Records Management System will
consolidate and automate records processing and criminal
investigations for the Albuquerque Police and the Bernalillo County
Sheriff's Departments; helping officers solve crimes and track
suspects that inevitably cross city and county boundaries. CompuDyne
has successfully deployed similar comprehensive public safety systems
to hundreds of city, county, and state-wide public safety agencies
across the United States.
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 successfully grow the Company by completing acquisitions,
the ability to remain in compliance with its bank covenants, delays in
government procurement processes, ability 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,
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.