The project amount is $450,000. CompuDyne's Norshield subsidiary, part of the Company's Attack Protection unit, will be working as a subcontractor for Enclos Corporation. The general contractor and architect for the project is Jacobs, Inc. The airport is owned and operated by the City of Phoenix.
CompuDyne's Attack Protection unit specializes in bullet, blast and attack protection windows and doors for high security requirements. We also supply perimeter alarm systems and security barriers, providing single source solutions for perimeter and building protection.
Certain statements made in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements concerning the Company's expectations with respect to future operating results and other events. Although the Company believes it has a reasonable basis for these forward-looking statements, these statements involve risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors which could cause actual results to differ from expectations include, among others, capital spending patterns of the security market, competitive factors and pricing measures, regulatory requirements, the Company's ability to secure new contracts, costs related to potential acquisitions, the level of product returns, the amount of remedial work to be performed, and the risks inherent in CompuDyne's business and future uncertainties which are further described in its filings with the Securities and Exchange Commission, such as the Company's Form 10-K, Form 10-Q, and Form 8-K reports.