Science & Technology
Science and Technology
Science and Technology
Wed, February 18, 2009
View Systems, Inc.: View Systems, Inc. Highlights Verizon FIOS Solutions Contract
BALTIMORE, MD--(Marketwire - February 18, 2009) - View Systems, Inc. (
The agreement tasks View Systems, Inc. to install and run fiber optic cable to 25,000 apartment units in Virginia. Additional requirements could potentially increase the size of the total contract to $10 to $12 million. Security and surveillance systems are a potential for incremental revenues.
The company will begin work on March 9th and anticipates completing the project during the fourth quarter of this year. However, some of the revenues from this contract will be recognized in the second quarter.
"This contract will result in record sales for the company and will align us with one of the predominant leaders in the communications industry," stated View Systems CEO Gunther Than. "We welcome this opportunity from Verizon to expand its cutting edge FIOS technology and look forward to a long lasting relationship with the telecom giant. As a result of this agreement, our management team will revise our fiscal projections to reflect the increase in revenues and earnings."
About View Systems, Inc.:
View Systems, Inc. manufactures and installs weapons detection identification systems, video management platforms and teledata communication networks targeted towards correctional facilities, schools, courthouses, government agencies, event and sports venues, the military and commercial businesses. More information can be found on the website at [ www.viewsystems.com ].
About Verizon FIOS Solutions:
Verizon FIOS Solutions, a New York based company, is saying farewell to conventional cable communications and connecting homes and businesses to 100% fiber-optic networks. Drawing on experience of meaningful solutions, Verizon will provide an unmatched amount of bandwidth for the next-generation of fiber networks for tomorrow.
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