ANNAPOLIS, Md., Feb. 14, 2005--CompuDyne Corporation (NASDAQ:CDCY), an industry leader in sophisticated security products, integration and technology for the public security markets, announced that it had total awards of $8.7 million during the month of January, 2005.
The Public Safety & Justice group had $2.7 million in awards including $1.6 million in maintenance renewals.
Attack Protection had $2.7 million of awards in January after a record $9.1 million in December. Attack Protection awards included a $2.3 million award to our Fiber SenSys subsidiary for fiber optic perimeter sensors under the US Air Force's Integrated Base Defense Security System (IBDSS) Contract. This is the largest single order that Fiber SenSys has ever received.
Institutional Security Systems reported net awards of $1.9 million.
Federal Security Systems had $1.4 million of awards including a $900 thousand award for its recently enhanced Model 7500 signals intercept product.
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, competitive factors, pricing measures, regulatory requirements, the Company's ability to secure new contracts, costs related to potential acquisitions, the level of product returns, the amount of remedial work to be performed, and the risks inherent in CompuDyne's business and future uncertainties which are further described in its filings with the Securities and Exchange Commission, such as the Company's Form 10-K, Form 10-Q, and Form 8-K reports.
Geoffrey F. Feidelberg, 410-224-4415 ext.313