OTTAWA , Aug. 27 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of intelligent IP video and business analysis applications, announced today that the Toronto Transit Commission (TTC) is expanding its roll-out of the Company's mobile video surveillance solution to its entire fleet of public transit vehicles and has also selected the solution for deployment across its Wheel-Trans paratransit fleet. The TTC previously selected the mobile systems and software for use on its city buses and streetcars. Three hundred units are currently installed on TTC buses and March Networks expects to ship more than 1,500 additional systems by the end of fiscal year 2008, including 150 units for Wheel-Trans vehicles.
One of the largest transit authorities in North America , TTC selected the mobile solution to enhance passenger and driver security onboard its vehicles and to increase the level of service it offers to customers. The solution includes advanced enterprise video management software supported by wireless connectivity, and video recording devices designed specifically for demanding mobile environments. The contract was awarded as a result of a competitive process which determined that the March Networks offering rated highest overall of all submissions reviewed.
"TTC's selection of our mobile solution for its paratransit vehicles, in addition to its sizeable bus and streetcar fleet, reaffirms the strength of our solution and our leadership position in the North American transportation market," said Peter Strom , President and CEO, March Networks. "We are pleased to provide TTC with high performance video surveillance capabilities that will increase operational efficiency while supporting its focus on providing a secure public transit environment."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent IP video and business analysis applications that enable organizations to reduce losses, mitigate risks and improve security and operational efficiency. The company's advanced software suite includes enterprise-class video management, powerful analytics and comprehensive managed and professional services. Our software and systems are used by leading financial institutions, retailers, transportation authorities and other organizations in more than 50 countries. For more information, please visit www.marchnetworks.com.
This release contains certain forward-looking information, including expectations of future business. This information is based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks' public filings with regulatory authorities in Canada . March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events.
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