Digital Barriers has won two contracts for its EdgeVis Live advanced wireless surveillance technology. The contracts have been secured with a flagship US Federal law enforcement agency, with one valued at $3.8 million and the second at $0.8 million. Revenue from both contracts is expected to be fully recognised in this financial year and the larger of the two contracts includes an option for an additional $3.8 million order that can be exercised by the customer within twelve months. The group's EdgeVis Live surveillance technology offers secure distribution of real-time video from anywhere to anywhere, featuring end-to-end security, real world resilience and network optimisation that can stream usable live video using 60% less bandwidth than standard technologies. EdgeVis Live delivers significant capability benefits and material cost savings over competing technologies, and has now been sold into many of the world's leading law enforcement and defence agencies. Chief executive Zak Doffman said: "The scale of these contract awards at $4.6 million, along with last week's $2.2 million award with a different US federal agency, clearly demonstrates the significant technical lead that EdgeVis Live enjoys over its competition. "It also underscores yet again the strategic value to us of the Brimtek acquisition, which has enhanced our market position and credibility across the US law enforcement landscape. EdgeVis Live continues to build market share across flagship US agencies, providing us with a strong platform for material future growth."
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