SubscribeOptelecom-NKF, Inc. (Nasdaq: OPTC), a leading global provider of advanced Internet Protocol (IP)-video network solutions.
Today announced the Beijing Metro System has selected its technology for a video surveillance and communication system serving Line 1 and Line 2 of the Beijing Metro System. Terms of the contract were not disclosed.
Beijing's two oldest metro lines are being renovated ahead of the 2008 Olympic Games at a cost of 3.7 billion yuan (US$450 million). The move is aimed at meeting the requirements of the huge surge in passengers anticipated at the 29th Summer Olympic Games. The two lines have been in operation for more than 30 years but have never been renovated.
The Company partnered with Keybridge Communications Co., Ltd., a large Shenzhen, China-based system integrator to secure the contract. Optelecom-NKF's C-series codecs will be deployed in a sophisticated system that will deploy 1600 cameras along 46 stations within Beijing.
"I am pleased that the decision to cooperate with Keybridge Communications, a strong local player in China has led to this success," said Edmund Ludwig, president and CEO of Optelecom-NKF, Inc. "Being selected by a renowned transit authority such as the Beijing Metro is a testament to the technology we offer and the dedicated hard work of everyone at Keybridge Communications and Optelecom-NKF. We look forward to working closely with Keybridge in meeting the video surveillance and communication needs of the Beijing Metro System."
GERMANTOWN, MD/September 28, 2006/PRNewswire-FirstCall
About Optelecom-NKF, Inc.
Optelecom-NKF, Inc. (Nasdaq:OPTC), is a global supplier of network video equipment, including video servers, Ethernet switches, fiber optic systems, and video management software. It delivers complete solutions for traffic management and security in airports, seaports, public transport, public space, industry parks, and buildings.
Founded in 1972, the Company's R&D centers have accumulated extensive knowledge of fiber optic and IP/Ethernet network technologies.
Optelecom-NKF supplies top-quality equipment and is committed to providing its customers with expert technical advice and support. All products are developed and tested for LAN and WAN applications. Optelecom-NKF has offices in the US, the Netherlands, France, Spain, the UK, and Singapore, and expertise centers in the US and Europe.
About ShenZhen Keybridge Communications Co., Ltd.
Shenzhen Keybridge is a provider for private telecom products, system integration solutions, and services in China. It develops, produces, and markets optical and data communications systems for commercial users, intelligent transport systems (ITS) for public transport operators and authorities, and digital TV systems and products for TV broadcasting carriers. Shenzhen Keybridge is a key Hi-Tech Enterprise in Shenzhen and has branches in 24 provinces and cities throughout China.
Forward-Looking Statements
The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
These risks and uncertainties include, among others: the ability of Optelecom-NKF to integrate operations with NKF Electronics; the ability of the Company to develop and market products and communication solutions for the video surveillance, transportation, and business video markets; lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; worldwide economic variances; poor or delayed research and development results; and disparities between forecast and realized sales results.
Other important factors that could cause actual results to differ materially are included but are not limited to those listed in Optelecom-NKF's periodic reports and registration statements filed with the Securities and Exchange Commission. Optelecom-NKF does not assume any obligation to update information concerning its expectations.
Investor inquiries should be directed to Mr. Rick Alpert at 301-948-7872.
For further information:
Optelecom-NKF, Inc. Optelecom-NKF B.V.
12920 Cloverleaf Center Drive Zuidelijk Halfrond 4
Germantown, Maryland 20874 USA 2801 DD Gouda, the Netherlands
For press information please contact:
USA - Betsy Lanning
marketing.us@optelecom-nkf.com
Europe/Asia - Sandra Winkels
Tel. +31 182 592 333
marketing.nl@optelecom-nkf.com