Remote Surveillance Technologies, Inc. (PINKSHEETS: RSUR), which recently began trading in the public marketplace, is pleased to announce it has been chosen to install and implement an internal access control system featuring smart card technology developed by Cubic Corporation.
The system will enable Cubic to have unprecedented security integration, combining state-of-the-art smart card technology with world-class access control and video integration. The integrated system will provide an in-depth security analysis, at any time, across the entire footprint of the company. Furthermore, Cubic security administrators will now have complete flexibility to choose how the system will be utilized, and from where security information may be accessed.
Dr. Laurence Harper, President and CEO of RST, in describing this agreement, stated: "Cubic is one of the most recognizable brands in defense systems and public transportation around the world, and we are very pleased and honored to assist such a prestigious company in the development and installation of this integrated system. We believe that this is the first of many similar integrated systems combining various forms of security and surveillance technology to better meet the needs of our clients."
Remote Surveillance Technologies, Inc. is a full-service electronic security systems integrator and remote surveillance monitoring company. RST provides security analysis, systems design, equipment purchase, installation, and integration for off-site video monitoring. RST revenue is generated from both recurring video monitoring fees and systems installations. The monitoring advantages offered by RST to its clients include: the elimination of false alarms; incident verification at physical plant and with corporate vehicles; immediate notification to law enforcement; description and physical location of perpetrator(s) to law enforcement during the crime; immediate voice interaction with perpetrator(s); 24/7 on-site digital image recording and storage; redundant recording of events at monitoring station to preserve evidence, alarm indicator points for ease of reviewing incidents; and the significant lowering of the clients' security costs by reducing or eliminating on-site guard personnel.
The Company spent most of 2006, its initial year of business operations, developing the Company's infrastructure, building the 24/7 monitoring facility and soliciting contracts and accounts. Clients of the Company currently include: SC Fuels, Cajon Valley School District, Charriol Geneve Jewelers, Southland Transit and two very large high-tech companies in Southern California. The Company projects reaching $4.6 million of gross sales in 2007 and $16,500,000 of gross sales in 2008. Gross margins should exceed 40% in both 2007 and 2008, with the Company realizing net profits of $300,000 in 2007 and $1,600,000 in 2008. For more information about RST, visit our Web site at: .
Cubic Corporation is the parent company of two major business segments: defense and transportation. The Cubic Defense Applications group is a world leader in realistic combat training systems, mission support services and defense electronics. Cubic Transportation Systems designs and manufactures automatic fare collection systems for public transit authorities. For more information about Cubic, see the company's Web site at .