CompuDyne Announces $13.2 Million of New Awards for December, 2006
January 25 2007 - 7:00AM
Business Wire
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 $13.2
million in new awards during the month of December, 2006.
Institutional Security Systems reported awards of $5.0 million for
the month. This includes a $2 million project for the Virginia
Center for Behavioral Rehabilitation. Public Safety & Justice
had $5.1 million in selection awards and maintenance renewals.
Attack Protection had $1.4 million of new awards during the month.
Integrated Electronic Systems had $1.7 million in awards. This does
not include the full impact of the $25.0 million five-year contract
confirmed and announced in December 2006 for the Bureau of
Engraving and Printing since that award is again being protested by
the previous vendor. December awards for IES were split $0.9
million for Quanta Systems and $0.8 million for our signals
intelligence business, Signami DCS. The expected projects
�pipelines� at all of our businesses remain quite active. 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.
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