Digital Barriers plc Provides Revenue Guidance for the Six Months Ended September 30, 2016; Secures $1.65 Million Contract with US Government Agency
The company Group reported that it has secured an additional $1.65 million contract with a US government agency. This contract will see Digital Barriers begin to implement its ThruVis solution to help protect mass transit systems and other public spaces across the US against 'soft target' terrorist attacks. ThruVis is a unique camera technology that can detect objects such as weapons and explosives concealed under clothing. The technology is mobile, rapidly deployed, and operates without compromising passenger throughput, safety or privacy. The majority of this contract is expected to be delivered in this current financial year. This ThruVis contract brings to more than $10.0 million the total value of contracts secured with US federal agencies by the Group in September, including an initial contract of $1.0 million for the Group's EdgeVis technology from another agency which is a new customer not yet announced. The company expects the vast majority of this $10.0 million of contracted revenue to be delivered before the end of this current financial year.