HANOVER, MD--(Marketwire - Nov 8, 2012) - Brekford Corp. (
Brekford's speed cameras, also known as photographic speed monitoring systems, 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 ("IHHS") concluded that this type of speed enforcement technology has been instrumental in reducing injurious and fatal crashes by as much at 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.
Based upon publicly available information, the Company believes that tickets issued under Baltimore's automated speed and red light enforcement program should generate gross citations in excess of $135 million during the initial 5-year term of the program under Brekford's management. The initial term of the pending contract between Brekford and the Baltimore Department of Transportation will be for five (5) years, and the City will have the option to renew the contract up to three (3) more times for periods of one (1) year each, for a total contract term of up to eight (8) years.
"Brekford has established a strong reputation as manager of automated traffic enforcement programs in partnership with law enforcement agencies throughout the State of Maryland," noted C. B. Brechin, Chief Executive Officer of Brekford Corp. "Our selection as the new vendor for Baltimore's speed and red light camera program, wherein we were bidding against the program's incumbent vendor, a unit of Xerox Corporation, and Australia-based Redflex Holdings, two of the largest companies in the automated traffic enforcement industry, clearly illustrates our ability to be competitive on large-scale projects. As an example, Xerox is the Automated Traffic Camera provider for many of the largest cities in America and has provided programs in a number of countries such as Canada, Saudi Arabia and others for over 18 years."
In response to questions from the City of Baltimore's Board of Estimates during the competitive bidding process, the incumbent (Xerox) stated the following in a public hearing:
- "With 81 Red Light, 75 Fixed Speed and eight (8) PCUs, the City of Baltimore ATVES program is the single largest combined red light and speed program in North America. Based on the City's estimates, the City's ATVES program will generate more than a half million violations per year, also making it the highest volume program in the United States and Canada. With a population exceeding 600,000, Baltimore is also one of the 20 largest cities in the country."
"We look forward to working with law enforcement to reduce the amount of speeding and reckless driving in the City of Baltimore, especially in school zones where children are at particular risk of injury," stated Brechin. "In addition to the ability to enhance safety in school and work zones and at dangerous intersections, this violator-funded program provides proceeds to the City that can be used to fund other public safety initiatives and assist the police department in the effective management of its critical resources. The incorporation of automated speed and red light enforcement with Baltimore's police efforts demonstrates the City's commitment to ensure the safety of pedestrians and motorists alike. The cameras are deployed in a manner that is fair, transparent and will provide the greatest benefit to the City and its residents."
"Brekford will assume the management of Baltimore's 83 speed cameras (of which 8 portable cameras move around the city to 87 different locations) and 81 red light cameras, which issue $40 and $75 citations, respectively, that are payable by the registered owners of the vehicles cited for violations," added Maurice Nelson, Managing Director of Automated Traffic Enforcement at Brekford.
"We believe the City took a bold step forward by switching firms," continued Nelson. "We are local. We're not a $23 billion corporation. We are going to pay attention to quality control and provide the best service to the City of Baltimore and its citizens."
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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.