Brekford Corp. Becomes Vendor for Baltimore's Automated Traffic Violation Enforcement Program Effective January 1, 2013
Company Expects Largest Automated Speed and Red Light Camera Program in North America to Generate over $135 Million in Gross Citation Revenue over Initial Five-Year Term of Contract, while Reducing Er...
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HANOVER, Md., Jan. 17, 2013 /PRNewswire/ --Brekford Corp. (OTCBB, OTCQB: "BFDI")("Brekford" or "the Company"), a leading provider of public safety technology and automated traffic enforcement solutions, vehicle upfitting, and rugged mobile technology, today announced that it became the official vendor for Baltimore's Automated Traffic Violation Enforcement System ("ATVES") effective January 1, 2013, in accordance with the terms of its contract with the City of Baltimore. The Company was selected from among three finalists, including Xerox State and Local Solutions, Inc. and Redflex Holdings. Maintenance of Baltimore's ATVES was the responsibility of Xerox State and Local Solutions, Inc. during the years 2004-2012.
Baltimore's ATVES program consists of 70 fixed-location speed cameras, 81 red light cameras, and 8 portable speed cameras that are owned by the City. Whereas the City operates the ATVES as a whole and retains full final authority over the decision on whether red light or speed violation citations should be issued, Brekford will be responsible for servicing all equipment; replacements, upgrades and additional units; violation processing services; and any and all support services necessary for the City to operate an effective and dependable ATVES.
To assure the greatest accuracy and operating efficiency of its ATVES, the City of Baltimore expects to continue operating many of its speed cameras while phasing in Brekford's newer speed camera technology, which incorporates the latest state-of-the-art tracking radar hardware and software capabilities. Such equipment upgrades will occur during a 90-day "transition period" that commenced January 1, 2013. The new speed camera systems to be provided by Brekford are also known as photographic speed monitoring systems and use special equipment to automatically measure the speed of vehicles and produce photos of the rear license plates of those that are violating speed limits. A study by the Chochrane Collaboration for the Insurance Institute for Highway Safety ("IIHS") concluded that this type of speed enforcement technology has been instrumental in reducing injurious and fatal crashes by as much as 58 percent.
Automated red light enforcement systems operate in a similar manner to reduce the incidence of "T-bone" and other types of accidents that are considered among the most dangerous in urban traffic environments. Initially, the City expects to continue utilizing the red light cameras that were previously installed as part of its ATVES, but Brekford has plans to upgrade them over the contract period.
"Utilizing our state-of-the-art ip360 software application and the most technologically robust patented equipment available, Brekford's goal is to provide the City of Baltimore and its citizens with a consistent level of fairness and accuracy in automated speed and red light enforcement that is second-to-none in our industry," noted C. B. Brechin, Chief Executive Officer of Brekford Corp. "We will work closely with city employees and law enforcement officers to assure that public safety objectives are achieved in a manner that is fair and allows the police department to more efficiently manage its manpower and other scarce resources to the greatest benefit of pedestrians and vehicle operators, especially in school zones and at dangerous intersections."
"In order to garner the support and confidence of Baltimore's residents and businesses, we recognize and take full responsibility for maintaining an automated traffic enforcement system that reduces speeding and reckless driving, while also being as error-free as possible," continued Brechin. "As a locally-based company, we are going to pay special attention to quality control and provide the best service to the City of Baltimore and its citizens."
"A number of the speed cameras will be taken off-line temporarily, in order that we can install newer and superior equipment," noted Maurice Nelson, Managing Director of Automated Traffic Enforcement at Brekford. "The current red light cameras will continue operating as in the past while we upgrade their technological capabilities."
"Baltimore, with a population of more than 600,000, is one of the 20 largest cities in the United States, and its ATVES generates more than 500,000 citations annually. We are proud to have been selected as the ATVES vendor for Baltimore and believe that our success in Maryland will strengthen our ability to bid on additional large metropolitan contracts in the future," concluded Brechin.
About Brekford Corp.
Brekford Corp. has provided state-of-the-art mobile technology and traffic safety solutions to the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States for more than ten years. The Company's 360-degree solution includes automated traffic enforcement programs, an end-to-end suite of mobile computer and video technology products, and turn-key law enforcement vehicle upfitting services.
The Company is headquartered in Hanover, Maryland (Baltimore metropolitan area) and its common stock trades on the OTC Bulletin Board and OTCQB under the symbol "BFDI". Additional information about Brekford may be found online at www.brekford.com.
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.
C.B. Brechin, CEO
R. Jerry Falkner, CFA
RJ Falkner & Company, Inc., Investor Relations Counsel
SOURCE Brekford Corp.
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