CDCY Compudyne Corp (MM)

CompuDyne Corporation (NASDAQ:CDCY) an industry leader in sophisticated security products, integration and technology for the public security markets, announced today that the County of St. Louis, Minnesota has signed a contract with CompuDyne�s public safety and justice unit, Tiburon, Inc., to provide a regional Computer Aided Dispatch (CAD) system. Tiburon is an industry-leading provider of automated public safety and justice systems to meet the demanding and complex needs of law enforcement, fire & rescue, corrections and justice environments. This regional CAD system will automate law enforcement, fire and emergency medical dispatching for the counties of St. Louis, Cook, Carlton, Lake and Koochiching in Northern Minnesota. After a rigorous RFP process, extensive demonstrations and a thorough evaluation of multiple vendors, the County chose Tiburon to provide this comprehensive system. The new CAD system will allow dispatchers to respond to, manage and track emergency calls more efficiently. Operating on fully distributed Microsoft Windows� workstations, the system provides server-independent processing of all critical CAD functions and a reliable configuration approaching 100% system availability. This distributed design ensures optimum availability even during catastrophic component failure. The system will network six separate emergency communication centers to share calls and resources dynamically and will provide remote backup capabilities. Since all data is duplicated at each site, in the event a communication center becomes inoperable, this disaster tolerant configuration allows another communication center to take over and resume full operation with accurate, up-to-the-minute information. Tiburon has successfully deployed this unique system architecture in several city, county, and state-wide public safety communication centers across the country. 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 today that the County of St. Louis, Minnesota has signed a contract with CompuDyne's public safety and justice unit, Tiburon, Inc., to provide a regional Computer Aided Dispatch (CAD) system. Tiburon is an industry-leading provider of automated public safety and justice systems to meet the demanding and complex needs of law enforcement, fire & rescue, corrections and justice environments. This regional CAD system will automate law enforcement, fire and emergency medical dispatching for the counties of St. Louis, Cook, Carlton, Lake and Koochiching in Northern Minnesota. After a rigorous RFP process, extensive demonstrations and a thorough evaluation of multiple vendors, the County chose Tiburon to provide this comprehensive system. The new CAD system will allow dispatchers to respond to, manage and track emergency calls more efficiently. Operating on fully distributed Microsoft Windows(R) workstations, the system provides server-independent processing of all critical CAD functions and a reliable configuration approaching 100% system availability. This distributed design ensures optimum availability even during catastrophic component failure. The system will network six separate emergency communication centers to share calls and resources dynamically and will provide remote backup capabilities. Since all data is duplicated at each site, in the event a communication center becomes inoperable, this disaster tolerant configuration allows another communication center to take over and resume full operation with accurate, up-to-the-minute information. Tiburon has successfully deployed this unique system architecture in several city, county, and state-wide public safety communication centers across the country. 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.