HANOVER, MD / ACCESSWIRE / June 19, 2014 / Brekford Corp. (the "Company") (OTCBB, OTCQB: "BFDI"), a leading public safety technology service provider of automated traffic safety enforcement ("ATSE") solutions, parking enforcement solutions, and an end-to-end suite of technology equipment for public safety vehicle services, announced today the signing of a multi-year contract with Grupo Canviso, a company that provides an array of driver licensing, driver education, vehicle registration, and ATSE services to municipalities in Mexico.
"For Brekford, this represents a significant growth opportunity in 2014 and beyond, as the first city contract will require up to 25 speed camera systems. We are very excited to embark on this exclusive ATSE international expansion initiative in Mexico with a solid company such as Grupo Canviso," commented Rod Hillman, President and Chief Operating Officer of Brekford Corp. "Rather than attempt to set up a direct marketing and business development operation in a foreign country with different legal, governmental, and cultural challenges, we decided to partner with local experts who understand the market, both from an opportunity and risk perspective. Grupo Canviso's values are uniquely aligned with Brekford because their focus is purely on public safety, and they understand that automated enforcement technology is just one element of an effective program. Grupo Canviso will incorporate ATSE services with a broad program focused on drivers and vehicles with a goal to improve safety and operational efficiency within Mexican municipalities. Public officials in these areas have significant concerns regarding speeding, aggressive driving, and other unsafe practices leading to a high rate of accidents and deaths on the roads."
C.B. Brechin, Brekford's Chief Executive Officer, added "We can't wait to get started with this momentous expansion, which has been in the planning stages for months. Brekford has already received excellent feedback from multiple municipalities regarding our technology and back end services, and we believe that Grupo Canviso is the perfect partner to lead the effort in Mexico."
"We are excited to be working with Brekford in providing ATSE services to our clients in Mexico," said Norma Canales, Director of Business Development for Grupo Canviso. "We believe that our local knowledge, experience, and presence combined with Brekford's technology, public safety background, and professional approach will be a winning strategy for expanding market share in Mexico. Automated traffic safety enforcement solutions are not commonly available in the Mexican market, where speeding and other traffic violations have become a major public safety concern. With a population that is more than one-third the size of the United States, and numerous cities and municipalities comparable in size to the U.S. top 20, Mexico represents an extremely large market opportunity."
About Brekford Corp.
Brekford Corp. provides state-of-the art public safety technology and automated traffic enforcement solutions to municipalities, the U.S. military, various federal entities and other public safety agencies throughout the United States. Its services include automated speed and red light camera enforcement programs, parking enforcement citation collections and an end-to-end suite of technology and equipment for public safety vehicle up-fitting. Brekford's combination of up-fitting services, cutting-edge technology, and automated traffic enforcement services offers a unique 360-degree solution for law enforcement agencies and municipalities.
The Company is headquartered in Hanover, Maryland, and its common stock is traded on the OTC Bulletin Board and the OTCQB under the symbol "BFDI". Additional information on Brekford can be accessed online at www.brekford.com.
Forward-Looking Statements
Forward-Looking Statements. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the Company's actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2013, including but not limited to the discussion under "Risk Factors" therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.
For Further Information:
Brekford Corp.
C. B. Brechin
(443) 557-0200
[email protected]
SOURCE: Brekford Corp.