This agreement will provide for collaboration on and development and implementation of VIP's new technology -- the VIP Ship Security System -- where appropriate agencies, like the United States Coast Guard, could have direct video access to and control of the vessel in the event of a terrorist attack. In addition, First Capital International will make introductions for TRC Security, LP to its VIP Systems clients throughout Eastern Europe, Russia, Asia, and the Middle East.
"This is very exciting news for our Company," said Alex Genin, President and CEO of the First Capital International, Inc. Mr. Genin went on to further state, "TRC Security is a leading expert in port and infrastructure security and their positive assessment of our concept and interest in our technology will definitely open new markets for our Company."
"We believe that VIP's concept for video surveillance has the potential for a major positive impact on security for international and domestic shipping activities as well as securing overall cargo integrity. This type of capability coupled with other layers of defense can help provide for a new level of safety for our Ports," said Jerzy Kichner, P.E., Principal for TRC Security, LP. Mr. Kichner continued, "We are also excited about the possibilities of working with VIP Systems/First Capital International to improve security for ports and infrastructure around the world."
Additionally, VIP Systems, Inc. is planning to further demonstrate this technology to various U.S. governmental agencies, including the International Maritime Organization, major marine insurance carriers and to U.S. elected officials.
