Message #27 From:
Stock News Bot Date: January 16, 2007 05:55:00 AM
SYS News SYS Technologies Receives Video Surveillance Order From ADT
SAN DIEGO--(BUSINESS WIRE)--SYS Technologies (AMEX:SYS), a leading provider of information
connectivity solutions that enable real-time, complex decision-making,
announced today its Public Safety, Security and Industrial Systems Group
(PSSIG) has received an order to deliver its Marathon series video
surveillance systems with a total value of approximately $200,000.
The order was placed by ADT Security Services, a Tyco company, for
replacement of legacy digital video recording (DVR) systems within a
large national chain of cash advance stores. This new
deployment increases SYS’DVR
systems count to over 1,500 locations within this customer's network,
which has yielded approximately $1.0 million in sales for SYS over the
past twelve months and is expected to continue growing over the next
year.
Ben Goodwin, President of PSSIG, said, “This
ongoing deployment highlights the value of our DVR systems for large
network applications. Our Point of Sale (POS), Video Intelligence (VI)
and Net Manager modules are driving Marathon's increasing popularity
with customers as we continually refine the series in response to
customer feedback. We expect even more interest with our most recent 6.0
release and further enhancements as we expand our range of solutions.”
Cliff Cooke, President and CEO of SYS, added, “SYS
has deployed over 10,000 DVR systems worldwide and continues to provide
operational tools to improve the cost efficiency of video surveillance
systems on corporate networks. At the same time, we are pursuing non-POS
video surveillance opportunities that include government and
municipalities as well as integrating the cVideo technology into our
Vigilys public safety solutions.”
SYS Technologies (AMEX:SYS) is a leading provider of information
connectivity solutions that capture, analyze and present real-time
information to our customers in the Department of Defense, Department of
Homeland Security, other government agencies and to commercial
companies. Using interoperable communications software, sensors, digital
video broadcast and surveillance technologies, wireless networks,
network management, decision-support tools and Net-centric technologies,
our technical experts enhance complex decision-making. We also provide
solution lifecycle support with program, financial, test and logistical
services and training. Founded in 1966, SYS Technologies is
headquartered in San Diego and has principal offices in California,
Virginia and Maryland. For additional information, visit www.systechnologies.com.
Notice Regarding Forward-Looking Statements
This press release includes “forward-looking
statements” within the meaning of section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.All statements other
than statements of historical fact included in this press release
regarding the Company’s strategies, plans,
objectives, expectations, and future operating results are
forward-looking statements.Although SYS believes that the
expectations reflected in such forward-looking statements are reasonable
at this time, it can give no assurance that such expectations will prove
to have been correct.Actual results could differ materially
based upon a number of factors including, but not limited to, the state
of economy, competition, unanticipated business opportunities,
availability of financing, market acceptance, government regulation,
dependence on key personnel, limited public marketsand
liquidity, shares eligible for future sale, continuation and renewal of
contracts and other risks that may apply to the Company, including risks
that are disclosed in the Company’s
Securities and Exchange Commission filing.