Business Services Industry
Integrated Security Systems, Inc. Announces Receipt Of $1.9 Million Of Contract Orders
Business Wire, June 3, 1996
IRVING, Texas--(BUSINESS WIRE)--June 3, 1996--Integrated Security Systems, Inc. ("ISSI") (Nasdaq Smallcap market: IZZI (Common Shares); IZZIW (Warrants)) today announced that seven (7) major contracts for approximately $1.95 million have been recently awarded to two of its wholly-owned subsidiaries, B&B Electromatic, Inc. ("B&B") and Tri-Coastal Systems, Inc. ("TCSI").
B&B, a manufacturer of gates and barriers for road and bridge and perimeter security applications, received orders in excess of $1.6 million of the approximately $1.95 million order total. Of these orders, over $1 million was derived from major bridge renovation projects for the Virginia and New York State Departments of Transportation which required a mix of traffic gates, barrier gates and navigational lighting systems. B&B also received an order for 25 Correctional Facility ("CF") prison gate systems, the largest single CF order received by B&B since the CF-series was granted acceptance by the Federal Bureau of Prisons in October, 1994. In addition, B&B received a contract for vertical pivot gate and signal systems to protect a non- public railroad crossing within a major refining complex. "These orders reflect not only our customers' confidence in B&B's traditional road and bridge products, but also in B&B's ability to provide custom solutions to other traffic control and perimeter security needs," said Mr. Robert Abbott, B&B's Vice President & General Manager. "We are optimistic about pursuing additional business in railroad crossings as we believe that the needs of this market can be met through engineering modifications to our proven gate and barrier systems."
TCSI, a provider of electronic security systems and products, received a contract in excess of $325,000 to provide, install and service a combination of electronic security products including closed circuit television, door control, intrusions and fire systems for a state facility in Texas. "TCSI has completed similar projects for other Texas state facilities and believes that this contract award is recognition of the value provided by TCSI, value reflected in pricing, quality of work, and responsiveness to customer needs during and after installation," said Henry McGuffee, Vice President and General Manager of TCSI.
Headquartered in Irving, Texas, ISSI is a developer, manufacturer and national supplier of total security solutions for the industrial and commercial marketplace. ISSI is also a leading supplier of automatic gates and lane changers for the US road and bridge industry. ISSI conducts its manufacturing, distribution and systems integration activities as a holding company through three wholly-owned subsidiaries, B&B Electromatic, Inc., Innovative Security Technologies, Inc., and Tri-Coastal Systems, Inc.
CONTACT: Integrated Security Systems, Inc.
Gerald K. Beckmann
President and Chief Executive Officer
(214) 444-8280
or
INVESTOR RELATIONS COUNSEL:
The Equity Group Inc.
Pat Chociey (212) 836-9604
Robert Goldstein (212) 371-8660
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