Compudyne (NASDAQ:CDCYE)
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From May 2019 to May 2024
CompuDyne Corporation (Nasdaq:CDCYE), an industry leader
in sophisticated security products, integration and technology for the
public security markets, announced today that it has signed a contract
to provide a new $1.3 million public safety system for the city of
Irving, Texas Police Department. CompuDyne - Public Safety & Justice,
Inc. of Fremont, CA ("CPS&J"), formerly Tiburon, Inc., is an
industry-leading provider of automated public safety and justice
systems which meet the demanding and complex needs of law enforcement,
fire & rescue, corrections and justice environments.
The city of Irving, a client for many years, wanted to upgrade
their existing systems to take advantage of new hardware technology
and enhanced functionality. This comprehensive system includes new
Computer Aided Dispatch ("CAD"), Records Management ("RMS"), and
Correction Management ("CMS") systems to support law enforcement
operations for years to come.
The new CAD system will serve the city's police department and
will allow dispatchers to respond to and manage citizens' requests for
emergency services more efficiently. The new CAD system operates on
fully distributed Microsoft Windows(R) workstations, providing
server-independent processing of all critical CAD functions and a
reliable configuration approaching 100% system availability. If any
component fails, the system continues to function. CPS&J has
successfully deployed this unique system architecture in several city,
county, and state-wide public safety communication centers across the
country.
The comprehensive RMS consolidates and automates records
processing for the city's police department and the CMS provides
correctional administrators the ability to track the status of inmates
and manage jail housing for the city's 200-bed jail.
Integral to the city's public safety system is CPS&J's Integrated
Justice Solution, which interfaces with existing city and county
systems. Through the Integrated Justice Solution, the city of Irving
will transfer subject information of adult and juvenile offenders to
Dallas County. Using emerging law enforcement XML standards, the
flexibility of the new system's web-based user interface allows for
enhanced interoperability between city and county systems in the
future.
In addition, a comprehensive mobile communications component that
includes automated report writing and mobile mapping will be installed
in the department's 150 vehicles. Officers will enter and access their
accident and case reports while in the field, increasing the speed and
accuracy of incident reporting and allowing officers to spend more
time in the community. On the mobile map located in the police
vehicle, an icon appears on the map when a call for service is
dispatched from the communications center, highlighting the location
of the incident, surrounding incidents and units in the area.
Work has begun on this important project. CPS&J has installed
dozens of similar systems in Texas, including Travis County, City of
Arlington, Dallas/Ft. Worth International Airport, City of Grand
Prairie, City of Longview and Ft. Bend 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 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.