CompuDyne Corporation Names Head of New Homeland Security Initiative
17 Enero 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 today the launch of a Homeland
Security Initiative, a marketing and branding campaign to sell one
comprehensive package of CompuDyne�s security solutions from its
individual business units into the Homeland Security marketplace.
Bert Jones, general manager of CompuDyne�s Signami DCS business
unit, will head up the initiative as well as continuing his current
responsibilities. In this new position, Jones will gather the
resources from CompuDyne�s business units to fulfill requirements
of government bids. His mission will be to establish the
overarching CompuDyne brand name for comprehensive security
solutions. He will report to CompuDyne�s Chief Operating Officer
Brad Wiggins. Jones said, �For many years CompuDyne has been
helping to make America safe. Its units including Norshield,
AirTeq, Tiburon, Quanta, Fiber SenSys, Norment and Signami DCS have
well-established brand names. With the growth of homeland security
as a major issue here and abroad, it is time to connect the dots so
that governments will recognize CompuDyne�s resources for a wide
range of security projects.� President and CEO Martin Roenigk said,
�Although Bert Jones joined CompuDyne only six months ago when we
acquired Signami, he has already demonstrated his ability to grow
sales and expand market opportunities with the Department of
Defense, National Security Agency, FBI, CIA and the Department of
State. As a leader, he has grown a business and exhibited the
results-oriented style that will help advance CompuDyne to a
world-class level.� Before joining CompuDyne, Jones was a
co-founder of Signami LLC., Severna Park, Maryland, which developed
SignalWorks�, a pre-eminent Windows-based software system used
worldwide for signals collection and analysis. U.S. national
intelligence agencies, the Army, Navy, and Air Force and
intelligence agencies of numerous foreign governments use Signami
hardware and software. COO Wiggins said, �Bert is the ideal person
to exploit the untapped synergy among CompuDyne�s products,
services and security integration capabilities. He will lead the
effort to convert opportunities in border security and the
protection of office complexes to fuel our growth in these
markets.� Wiggins reported that he has received enthusiastic
support from team members all over the globe, asking how they can
engage in this exciting new initiative. CompuDyne, he explained, is
establishing the organizational framework for multi-functional and
mission focused teams to deliver world-class comprehensive security
solutions. About CompuDyne Corporation CompuDyne Corporation�s
business units currently market its products and services to
municipal, state and federal government agencies as well as the
U.S. defense forces and to numerous foreign governments. These
products and services cover a wide range of security needs from
attack resistant doors and windows, pop-up bollards and barriers,
computer-aided dispatch systems, surveillance, detection and
thermal imaging systems, high-tech perimeter detection, fencing,
prison locks and jail cells. 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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