On Monday August 29, 2011, Brekford Corporation. (OTC:BFDI), a spearheading technology service provider, serving the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States with fully integrated vehicle installation services, rugged mobile technology solutions, and automated traffic safety enforcement solutions for the last 10 years, bagged a multi-year contract for the provision of School Zone Speed Cameras and its respective program support services to Capitol Heights, Maryland.
As per the term of the contract, the company is mandated to serve for two years along with three additional renewable years of service if decided upon mutually. Initially for 30 days, the speed cameras would be used by the Police Department of Capitol Heights 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 a citation will be issued to the drivers captured speeding. The contract includes the installation of both portable and mobile cameras in assigned school zones.
In the words of Capitol Heights Mayor Kito James, the paramount objective of the town of Capitol Heights is to secure the safety of the pedestrians on the road. He is further convinced that the Speed Monitoring Systems that has exhibited its best service throughout the U.S. and the State of Maryland will be effective in assisting the Town’s elected officials, Police Department, and management in maintaining the community’s safety.
Maurice Nelson, Managing Director of Brekford, affirmed that they are pleased with the inclusion of Capital Heights to their list of municipalities that have recognized the usefulness of automated traffic enforcement, and have preferred Brekford as their provider. C.B. Brechin, CEO for the Company, has further assured its shareholders that the announcement made today concretes the message of the company that relates its strategy of providing vehicle up-fitting and its focus on focused on building a growth model driven by superior technology, service, and expanding market demand.
Shares of BFDI climbed 5% to $0.42 on over 59K shares.
The assembled information distributed by headlineotc.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Headlineotc.com does expect that investors will buy and sell securities based on information assembled and presented herein. Headlineotc.com will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.