Brekford continues to grow and edge out the competition by providing the most innovative, cutting edge traffic safety solutions in the industry.
Hanover, MD (PRWEB) December 23, 2011
Brekford Corp. (the "Company") (OTCBB:BFDI) (OTCQB:BFDI), a leading technology service provider of fully integrated traffic safety solutions, vehicle upfitting, and rugged mobile technology is selected for its largest multi-year contract to date to provide the City of Hagerstown, Maryland with School Zone Speed Cameras and related program support services.
Company CEO, C.B. Brechin commented, "Sustainable growth has been the objective of our Traffic Safety Group from its outset last year. We are pleased to close out this fiscal year winning our largest contract to date. This contract really underscores to our shareholders our enormous growth potential. Brekford continues to grow and edge out the competition by providing the most innovative, cutting edge traffic safety solutions in the industry."
Terms of the contract state two (2) years of service with three (3) additional years renewable upon mutual accord and include the installation of both portable and mobile cameras in designated school zones. For the first 30 days, the City of Hagerstown Police Department will use the speed cameras to issue warning notices to vehicles exceeding the speed limit by 12 miles per hour or more over the posted speed. After the initial 30-day period drivers captured speeding will then be issued a citation.
Maurice Nelson, Managing Director of Brekford stated, "The Company reached an important milestone today which we believe will equate to similar additional wide scope multi-year contracts as municipalities continue to understand the long-term impact of a successful automated traffic safety program."
In the Spring of 2009, the Maryland State General Assembly passed Maryland Transportation Law Section 21-809 allowing the use of "photographic speed-monitoring systems". As a result of this legislation, the Maryland Transportation Article includes for Capitol Heights, MD the use of photographic speed-monitoring systems in its school zones. A photographic speed-monitoring system is a speed-measuring system that works in conjunction with a photographic, video, or electronic camera to automatically measure the speed and produce photographs or digital images of vehicles violating a speed limit or speed restriction.
According to the Insurance Institute for Highway Safety, in 2010 a review of 28 studies into the impact of speed enforcement technology found that injury and fatal crashes fell as much as 60 percent in areas with speed cameras. The cost to U.S. municipalities from speed-related crashes, as reported by the National Highway Safety Administration, is over $40 billion annually.
For over a decade, Brekford has been providing services to the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States with an end-to-end suite of mobile computer and video technology, vehicle upfitting services, and automated traffic safety solutions. Brekford is a one-stop shop with its unique 360-degree approach to vehicle upfitting services, cutting edge mobile and video technology, and automated traffic enforcement services for homeland security and law enforcement agencies. Additional information about Brekford may be found online at http://www.brekford.com
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This press release contains forward-looking statements within the meaning of that term in Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from the results suggested by these forward-looking statements, for a number of reasons, including, but not limited to, market conditions, the cost and success of development activities and ability to successfully manage growth. Readers are referred to the documents filed by Brekford Corp. with the SEC, specifically the Company's most recent reports filed on Form 10-K and Forms 10-Q, which further identify the important risks, trends and uncertainties which could cause actual results to differ materially from the forward-looking statements in this press release. The Company expressly disclaims any obligation to update any forward-looking statements.