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 it had a total of $9.2 million in new awards during the month of October, 2006. Institutional Security Systems reported awards of $4.3 million for the month, including a $3.1 million award for an addition to the Washoe County Detention Facility. Public Safety & Justice had $3.4 million in selection awards and maintenance renewals. Major projects included an $812 thousand award for a new regional Computer Aided Dispatch system for St. Louis, Cook, Carlton, Lake, and Koochiching counties in Northern Minnesota. The system will network six separate emergency communications centers and, operating on fully distributed Microsoft Windows workstations, will provide server-independent processing of all critical CAD functions and a reliable configuration approaching 100% system availability. Also included is an $800 thousand award to provide a comprehensive Fire Records Management System (�RMS�) to support the Southeast and Southwest Regional Dispatch Centers for the U.S. Navy. This project is part of the Navy Emergency Response Management System initiative to provide the Navy with fully integrated public safety technologies for the police, fire and emergency medical agencies at Navy shore locations. Approximately thirty Naval bases will be supported from the Jacksonville, FL and San Diego, CA operations centers. We will be acting as a subcontractor to a prime contractor on this project. Attack Protection had $1.8 million of new awards during the month, however this was offset by the cancellation of an earlier $1.3 million award, resulting in $0.5 million in net awards for the month. Integrated Electronic Systems had $1.0 million in awards. This included $0.6 million of awards for its Signami DCS signals intelligence business unit. The expected projects �pipelines� at all of our businesses remain quite active. Awards for the third quarter exceeded awards for the entire first half of 2006. 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. 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 $9.2 million in new awards during the month of October, 2006. Institutional Security Systems reported awards of $4.3 million for the month, including a $3.1 million award for an addition to the Washoe County Detention Facility. Public Safety & Justice had $3.4 million in selection awards and maintenance renewals. Major projects included an $812 thousand award for a new regional Computer Aided Dispatch system for St. Louis, Cook, Carlton, Lake, and Koochiching counties in Northern Minnesota. The system will network six separate emergency communications centers and, operating on fully distributed Microsoft Windows workstations, will provide server-independent processing of all critical CAD functions and a reliable configuration approaching 100% system availability. Also included is an $800 thousand award to provide a comprehensive Fire Records Management System ("RMS") to support the Southeast and Southwest Regional Dispatch Centers for the U.S. Navy. This project is part of the Navy Emergency Response Management System initiative to provide the Navy with fully integrated public safety technologies for the police, fire and emergency medical agencies at Navy shore locations. Approximately thirty Naval bases will be supported from the Jacksonville, FL and San Diego, CA operations centers. We will be acting as a subcontractor to a prime contractor on this project. Attack Protection had $1.8 million of new awards during the month, however this was offset by the cancellation of an earlier $1.3 million award, resulting in $0.5 million in net awards for the month. Integrated Electronic Systems had $1.0 million in awards. This included $0.6 million of awards for its Signami DCS signals intelligence business unit. The expected projects "pipelines" at all of our businesses remain quite active. Awards for the third quarter exceeded awards for the entire first half of 2006. 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.