RICHMOND HILL, Ontario, Dec. 4 /PRNewswire/ -- Visual Defence Inc. (LSE: VDI), the security convergence company, today announced that the organization, along with its 50% owned subsidiary, AviSecure, signed a contract with the government of an African country expected to be worth between $USD 140 million and $USD 250 million over twenty-five years. The contract is for a Build-Operate-Transfer (BOT) passenger safety and security screening project at the country's principal airport. This announcement follows the contract negotiations statement made in Visual Defence's 2006 year-end financial results released in April 2007 .
The airport's passenger safety and security screening BOT project encompasses risk assessment, security strategy development and complete strategy implementation including procuring, installing and integrating identified security technology, as well as hiring, training and managing airport security personnel. AviSecure will oversee project management and general airport security administration.
"Recent research indicates that the single greatest reason for sharp declines in airport passenger volume is time delays and congestion caused by multiple security lines," says Dagan Sadeh, CEO for Visual Defence. "Enhanced, centrally-managed airport security is the key to increasing passenger volume and revenue. For this airport, the joint solution between Visual Defence and AviSecure will not only provide the software platform for technology, vendor and systems convergence but will also provide the personnel and training for comprehensive risk mitigation. The airport expects that the solution will reduce threats, enable streamlined security processes and significantly reduce passenger wait time, leading to increased passenger traffic and revenue for the airport."
The project will be directly managed by AviSecure Inc., the jointly owned subsidiary of Visual Defence and Canadian partner, SkyLink Security ( Canada ) Inc. AviSecure is focused on pursuing airport security outsourcing projects around the world. Following logistics and training, the current project is expected to be in full operation within six months.
About AviSecure
AviSecure provides end-to-end professional services for airport security. The company ensures that airport public safety and security meets or exceeds international standards. The company's suite of services includes: physical security enhancement, contingency planning, project management, technology provision and implementation as well as manpower recruitment, training and management. AviSecure, a Visual Defence subsidiary, is headquartered in Canada .
About Visual Defence
Visual Defence, the security convergence company, provides advanced solutions that manage mission critical systems for leading organizations around the world. The Canadian company provides government, airport, public transportation and commercial customers with public safety and security solutions that increase management efficiency while leveraging existing security infrastructure. With its Common Management Platform, Visual Defence provides customers with customizable and scaleable solutions that meet their business goals. Visual Defence is headquartered in Canada . Additional information is available at http://www.visualdefence.com.
About SkyLink Security
SkyLink Security is a "one-stop shop" for security services for both government and civilian customers. SkyLink Security's services cover all the required stages including design, implementation and operation. SkyLink Security provides the required technologies, logistics, engineering, training and consulting under one roof. SkyLink Security has in place key strategic alliances with leading companies to provide integrated security solutions to meet the demanding requirements of security markets.
SOURCE Visual Defence Inc.
