CDCY Compudyne Corp (MM)

CompuDyne Corporation (NASDAQ:�CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, announced that the Norshield Security Products (Norshield) business in its Attack Protection segment has been awarded security related contracts on two projects with a total value of $3.3 million . Norshield, a Montgomery, Alabama, manufacturer and installer of architectural equipment for high security facilities, was awarded a contract for the design, manufacture and installation of high level security windows for a new federal office building. The strength of the Norshield offering was our proprietary aluminum framing system. In independent testing the Norshield aluminum system has been certified to resist blast, ballistic and forced entry attacks. The building owner preferred the lowered long-term maintenance cost of this system. Aluminum was the design choice due to the reduced sight lines and overall improved aesthetics. Norshield was also awarded a contract for the design and manufacture of forced entry, ballistic and blast resistant security doors, windows, curtain wall and louvers for the United States embassy located in Abuja, Nigeria. Norshield�s forced-entry, bullet, and blast resistant doors, windows and louvers will armor the embassy office building and perimeter security facilities. Norshield will be providing product and training to Washington, DC based Dynamic Corporation. The architect of record is Engineering Applications Consultants, P.C. of Burke, VA. Structural engineering will be performed by Weidlinger Associates, Inc. Norshield Security Products provide turnkey product and service solutions to armor governmental, commercial and private interests. Norshield is a primary supplier to the U.S. Government of architectural equipment for highly secure facilities and has provided the majority of blast, ballistic, and forced-entry products to the U.S. Department of State since the Department of State began its armor program in 1981. Norshield is on the frontline of product R&D and innovative service options within this industry. 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.