Science & Technology
Science and Technology
Science and Technology
Tue, January 13, 2009 Law Enforcement Associates: Law Enforcement Associates Receives Contract for Surveillance Vehicles From the Federal Government
RALEIGH, NC--(Marketwire - January 13, 2009) - Law Enforcement Associates Corporation (LEA) (
Paul Feldman, president, said, "This order represents a strong start to the year for our vehicle business, which is currently pursuing a significantly larger follow-on order opportunity with the same customer. We re-entered the surveillance vehicle business a little more than a year ago as part of our overall growth strategy, and are very encouraged by the increased level of interest we are seeing from a wide spectrum of federal and local law enforcement agencies.
"Our sales team is working aggressively to maintain the momentum we carried at the end of 2008. As previously disclosed, we expect to report approximately $9 million in 2008 revenue, which would represent an increase of approximately $2.3 million, or 35%, versus 2007."
About Law Enforcement Associates Corporation
LEA is a leading security and surveillance technology company that manufactures and markets a diverse product line to the worldwide law enforcement, military, security and corrections markets. The company's Audio Intelligence Devices division has been serving the law enforcement sector for more than 30 years and is one of the most respected names in the surveillance equipment industry. LEA's products are used by a wide variety of government and non-governmental agencies, as well as public and private companies. These include military bases, nuclear facilities, embassies, government installations, oil refineries, United Nations and NATO locations. The company enjoys close working relationships with other prominent players in the security and surveillance industry, including Smith & Wesson, one of the world's largest manufacturers of quality firearms and firearm safety/security products. LEA's products have been used at high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S. Golf Championship, and the Democratic and Republican National Conventions. Its products include the Under Vehicle Inspection System (UVIS), Smith & Wesson-branded UVIS Swift, EDK123 (Explosive Detection Kit), Bloodhound and Birddog GPS Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray, and a wide variety of Audio & Video Surveillance Equipment. Headquartered in Raleigh, N.C., the company has been featured in many industry publications and websites. For more information, please visit [ www.leacorp.com ].
Forward-Looking Information:
The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that use words such as "believe," "anticipate," "estimate," "intend," "could," "plan," "expect," "project," "predict," "forecast," "outlook," "potential," "continue," "may," "future," "can," "enhance," and "should," or the negative of these, as well as similar expressions, can be used to identify forward-looking statements. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sales, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
