FAIR LAWN, N.J. and MELLVILE, N.Y., July 10 /PRNewswire-FirstCall/ -- Henry Bros . Electronics, Inc. (Amex: HBE), a turnkey provider of technology-based integrated electronic security solutions, and Verint Systems Inc. today announced that they have been contracted by Bronco Billy's Cripple Creek Casino and implemented an IP-based CCTV solution for the security and surveillance of its operations. Located against the Rocky Mountains in Cripple Creek, Colorado , the casino offers a wide array of gaming activities including 764 slot machines and 12 table games.
As part of the multi-phase project, Henry Bros . is employing an integrated security solution with Verint's Nextiva(R) Critical Infrastructure platform in order to transform the casino's analog surveillance system into a robust, scalable IP-based system. With phase I and II already complete, 88 cameras have been integrated with the Verint Nextiva solution, allowing the casino to run an intelligent video network. In full operation, the IP system has been inspected and approved by the Colorado Gaming Commission (CGC), meeting new gaming commission requirements.
Phase III of the project will allow an additional 92 cameras to be installed onto the system, providing a total of 180 cameras throughout the network. Bronco Billy's ultimate goal is to migrate all of its cameras over to the new IP-based system, bringing the total number on the system to nearly 300. While adhering to the stringent guidelines set forth by the CGC, the new system is expected to enhance the casino's operational flexibility, improve performance and dependability, and create a cost-saving base for further upgrades.
Kevin Friedl , casino operations director for Bronco Billy's Casino, commented on the new system, stating, "We see the future of casino gaming security as being completely IP-based, and we now consider our operations to be ahead of the curve in this regard. Verint is a clear leader in networked video solutions and Henry Bros .' ability to integrate the company's cutting-edge technology into an end-to-end security solution will be invaluable for our operations."
"We are extremely pleased to further expand our solutions into the popular and fast growing gaming industry," said Jim Clark , senior vice president and general manager of Verint Video Intelligence Solutions. "As a leading provider of networked video solutions, Verint remains committed to delivering solutions that meet the unique demands and complex security challenges of casinos around the world."
"The number one concern of any casino is security, and the team at Bronco Billy's is taking every initiative to ensure its security systems incorporate the most advanced, state-of-the-art technology," added Brian Reach , president and chief operating officer of Henry Bros . "With this system, Bronco Billy's can monitor live action and retrieve high-quality, stored images easily, enabling it to resolve potential gaming disputes or false claims quickly and effectively. We are pleased to be working with Verint on this exciting project and look forward to the continued opportunity to increase our footprint in the casino gaming arena."
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.
About Verint Video Intelligence Solutions
Verint Video Intelligence Solutions is the leading global provider of networked video solutions that enhance the security of people, property and assets. Verint's award-winning Nextiva portfolio includes video management software, integrated analytics, encoders and IP cameras and intelligent DVRs for use in a variety of vertical market environments. Open, standards based and IT friendly, Verint solutions enable organizations to leverage their existing video investments and place IP video within the reach of virtually every organization.
About Verint Systems Inc.
Verint Systems Inc. (Pink Sheets: VRNT), headquartered in Melville, New York , is a leading provider of actionable intelligence solutions for an optimized enterprise and a safer world. Today, more than 10,000 organizations in over 150 countries rely on Verint solutions to perform more effectively, build competitive advantage and enhance the security of people, facilities and infrastructure. Visit us at our website www.verint.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.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007 , as supplemented by our Current Reports on Form 8-K filed on November 5, 2007 , January 16, 2008 , and April 9, 2008 . The forward- looking statements contained in this press release are made as of the date of this press release and, except as required by law, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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SOURCE Henry Bros . Electronics, Inc.