FAIR LAWN, N.J., March 31 /PRNewswire-FirstCall/ -- Henry Bros.
Electronics, Inc. (Amex: HBE), a turnkey provider of technology-based
integrated electronic security solutions, announced today that the Company has
been selected by L-3 Global Security & Engineering Solutions to be among a
team of suppliers in the implementation of Praetorian, L-3's next-generation,
open-architecture 3D intelligent video observation system for the United
States Marines. The 3-year contract, awarded to L-3 as the prime contractor,
is valued at more than
Praetorian, the first "intelligent" Tactical Video Capture System (TVCS) used by the Marine Corps, will be installed at military sites both in the U.S. and overseas. The system enables the simultaneous surveillance and monitoring of multiple sites, both in real-time and via recorded 3-D video. In addition to Henry Bros., the team includes Cisco, L-3 Coleman Aerospace, Tapestry Solutions, Sarnoff Corporation, Harris Corporation and Telos Corporation.
Commenting on the Company's selection, Jim Henry Chief Executive Officer of Henry Bros., said, "We are extremely pleased to have been selected by L-3 for this critical technology and training support project. That we were included on a team with technology and defense leaders such as Cisco and Harris speaks to our capabilities, the level of service we provide and the value we bring to our customers.
Henry Bros. has a strong history of working with many of our country's largest government agencies to ensure the safety of our people. We have built our business on our ability to implement security systems ranging from small, customized solutions to comprehensive end-to-end jobs that lead to multi-year contracts."
Alex Pavlis, Henry Bros. California Vice President and General Manager, stated, "We will have a significant work share of the TVCS project that will represent our largest contract to date."
Mr. Henry concluded, "This positions us for an entirely new level for growth. We look forward to working with L-3 and the other members of the team in support of the United States Marine Corps."
About Henry Bros. Electronics, Inc.
Henry Bros. Electronics (Amex: HBE) provides technology-based integrated electronic security systems, services and emergency preparedness consultation to commercial enterprises and government agencies. The Company has offices in Arizona, California, Colorado, Maryland, New Jersey, New York, Texas and Virginia.
For more information, visit http://www.hbe-inc.com.
Safe Harbor Statement: Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading of risk factors listed in the Company's filings with the U.S. Securities and Exchange Commission. Henry Bros. Electronics Inc. does not assume any obligation to update the forward-looking information.
Investor Contacts: Todd Fromer / Erika Kay KCSA Worldwide 212-896-1215 / 212-896-1208 [email protected] / [email protected] Jim Henry, Chairman & Chief Executive Officer Henry Bros. Electronics, Inc. 201-794-6500 [email protected]SOURCE Henry Bros. Electronics, Inc.
