Brekford’s Speed Cameras Exceed Expectations in Hagerstown
Report Shows That Brekford’s Speed Cameras Are Delivering Better-Than-Anticipated Results in Hagerstown as Reckless Driving Dramatically Drops and Community Safety Increases
Brekford Corp. (the “Company”) (BFDI) (BFDI), a leading public safety technology service provider of fully integrated traffic safety solutions, vehicle up-fitting, and rugged mobile technology, recently announced that the first 6 speed cameras installed in school zones throughout Hagerstown, MD are performing better than originally expected.
Two months after their installation, city officials and law enforcement agencies are reporting an overall speeding decrease of up to 90 percent in areas where the cameras have been installed. This figure, coupled with the increase in public road safety, is a huge victory for Brekford and has Hagerstown police pleasantly surprised.
“The early results far exceeded anything we could’ve expected,” Hagerstown Police Capt. Mark Holtzman stated to the Herald-Mail (http://articles.herald-mail.com/2012-07-02/news/32512800_1_speed-cameras-camera-vendor-speed-limits). “Since the first six cameras went live, speeding in designated school zones has dropped substantially, making roadways safer for both drivers and children alike.”
“We’re proud of the impact our speed cameras have made in Hagerstown in such a short period of time,” added Maurice R. Nelson, Managing Director and head of Brekford’s Automated Traffic Enforcement division. “These cameras remind drivers to slow down in areas that are highly populated by school children, which helps to curb dangerous driving habits both in — and out — of school zones.”
In May alone, Brekford’s cameras generated close to $30,000 in revenue, which will be reinvested back into other public safety projects in and around Hagerstown. They have also allowed police officers to go back to patrolling the streets instead of running radars.
“The success of our cameras in Hagerstown is just the tip of the iceburg for Brekford,” stated C.B. Brechin, Brekford’s CEO. “These numbers prove that Brekford is in the right place at the right time. As more and more municipalities evaluate ways to improve public safety, we expect this success to translate into more lucrative future opportunities.”
About Brekford
Brekford 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 over the last ten years. Their services include an end-to-end suite of mobile computer and video technology as well as automated traffic safety solutions. Brekford’s combination of vehicle upfitting services, cutting edge mobile and video technology, and automated traffic enforcement services offers a unique 360-degree solution for any organization, including homeland security and law enforcement agencies. Additional information about Brekford may be found online atwww.brekford.com.
Forward-Looking Statements
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.
StockGuru’s Profile for Brekford Corp.
This is the condensed version – Full StockGuru Profile Found Here:
http://stockguru.com/about/bfdi/
Brekford Corp. is an established company which has for more than a decade provided its products and services to branches of the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States. The company has used this solid foundation to participate in the hottest technological development in law enforcement in existence:
- Automated Traffic Enforcement and
- Automatic Traffic Safety Solutions
Not only is Brekford in the right place at the right time, but they have positioned themselves in this rapidly expanding technological field to generate ongoing revenue by issuing the citation, collecting the fines and retaining a percentage of the amount collected for shareholders.
Brekford Builds on Decade Long Relationships in Hottest Law Enforcement Focus
Automated Traffic Enforcement and Automatic Traffic Safety Solutions
Brekford has the winning combination you look for in an emerging company.
The Company has been able to build upon its ten years of established relationships to be the One-Stop solution in the ‘hot’ technological focus of Automated Traffic Enforcement and Automatic Traffic Safety Solutions. As municipalities search for additional revenue streams, Brekford’s Automated Traffic Enforcement and Automatic Traffic Safety Solutions presents an attractive opportunity amongst its multiple products.
Brekford’s new division focused on Automated Traffic Enforcement is attractive to municipalities searching for additional revenue. Beckford provides turn-key (violator funded programs) by which municipalities are witnessing positive cash flow without unduly taxing its law abiding residents.
The Value Story
With so few shares outstanding, value becomes easy to build with the right foundation.
Here is how I see Brekford’s foundation for Success:
- Management team with the experience and expertise to create value for shareholders
- Proven ability to establish and execute an economically viable business plan
- Existing brand and company image
- Organized and motivated employees
- Products and Services delivered in a timely and cost-efficient a manner
- Market demand with exponential market growth potential
There are just under 40.1 million shares issued and outstanding. With the market cap currently at about $4.5 million based on the most current share price, the BFDI clearly is undervalued in the market. With Automated Traffic Enforcement on the rise, clearly Brekford is in a position to increase revenues and also increase its market cap and share price.
It is this long-term foundation supported by established relationships that has created the opportunity Brekford has developed, in what is becoming the ‘hot’ technological focus of Automated Traffic Enforcement and Automatic Traffic Safety Solutions. As municipalities search for additional revenue streams, Brekford’s Automated Traffic Enforcement and Automatic Traffic Safety Solutions presents an attractive opportunity amongst its multiple products.
Brekford’s new division focused on Automated Traffic Enforcement is now assisting budget strapped municipalities in providing turn-key (violator funded programs) by which municipalities are witnessing positive cash flow without unduly taxing its law abiding residents.
This is the condensed version – Full StockGuru Profile Found Here:
http://stockguru.com/about/bfdi/
Brekford Corp Website:
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