SAN ANTONIO--(BUSINESS WIRE)--Nighthawk Systems, Inc. (OTCBB:
NIHK), a leading provider of intelligent wireless power control devices and
solutions, today announced that it has received an initial order from American
Traffic Solutions, Inc.(“ATS”),
a preferred provider of photo traffic and electronic toll enforcement programs
in North America with dominant market share in New York, Texas, Arizona,
Missouri, Pennsylvania, Florida, and Louisiana. The initial order of 600
Nighthawk wireless control units is expected to begin shipment this month with
final delivery to be received by May 2008. Nighthawk Systems has already been
notified to expect significant follow-on orders.
On September 25, 2007, ATS was granted the exclusive right to sell or
resell Nighthawk’s wireless power control system
for specific use in automated photo traffic enforcement and electronic toll
and traffic management devices. Nighthawk designed and built a customized
product to be integrated into the industry leading ATS solution. As such,
the specialty product generates a higher return per unit to Nighthawk than
other standard products, yet offers more functionality and a quicker return
on investment to ATS than previously-used technologies.
ATS manufactures and markets vehicle traffic enforcement equipment and
systems. Privately held and headquartered in Arizona, ATS has been rapidly
growing over the past year as more city budgets have tightened, increasing
the need for tools beyond the patrol car to help with traffic management and
as the public has increasingly shown support for the use of cameras as a
safety precaution to crack down on speeders and red-light runners. ATS has
added over 200 employees in the past year and is currently deploying product
into 16 states. At the core of ATS mission is its dedication to evolutionary
technology. By adding the Nighthawk wireless control system, the ATS system
has the ability to wirelessly access and control power to equipment at each
site independently and simultaneously from a central source.
H. Douglas Saathoff, Nighthawk’s CEO, stated,
“The sequential improvement in our revenues each
quarter over the past two years was dominated by our success in the electric
utility industry. With today’s announcement, we
are establishing a new product line, a fault-tolerant control system that
provides secure and reliable access in mission-critical and emergency
situations. This product carries higher returns than our current business
and has applications in numerous industries beyond the photo enforcement
market. There is a growing need for this product at ATS and within other
communication networks that require reliable, remote access to ensure that
critical equipment is working properly. Many internal and external factors
within a network can cause network components and digital equipment to
lockup or go down completely. Nighthawk is the only provider that offers a
wireless, out-of-band solution that enables on-demand access to those
critical components, ensuring that equipment is operating when it needs to
be. We look forward doing a great job addressing this new opportunity.”
About American Traffic Solutions,
Inc.
Headquartered in Scottsdale, AZ, American Traffic Solutions is a leading
provider of technology and business solutions that support traffic safety
and electronic toll collection programs worldwide. ATS is a private
corporation, serving more than 100 municipalities and government agencies.
ATS is the largest provider of photo traffic enforcement programs to America’s
big cities, with contracts in New York City, Philadelphia, Washington, D.C.,
St. Louis, San Diego and Seattle; Houston, Fort Worth, Irving and Arlington,
Texas; New Orleans and Baton Rouge, Louisiana; and Phoenix, Tucson, Mesa,
Glendale and Scottsdale, Arizona. ATS is also responsible for the supply and
support of Canada’s largest digital red light
camera and speed enforcement program in Calgary, Alberta.
About Nighthawk Systems, Inc.
Nighthawk is a leading provider of intelligent devices and systems that
allow for the centralized, on-demand management of assets and processes.
Nighthawk products are used throughout the United States in a variety of
mission critical applications, including remotely turning on and off and
rebooting devices, activating alarms, and emergency notification, including
the display of custom messages. Nighthawk’s IPTV
set top boxes are utilized by the hospitality industry to provide in-room
standard and high definition television and video on demand.
Forward-looking statements
Statements contained in this release, which are not historical facts,
including statements about plans and expectations regarding business areas
and opportunities, acceptance of new or existing businesses, capital
resources and future business or financial results are "forward-looking"
statements. You should not place undue reliance on these forward-looking
statements. Such forward-looking statements are subject to risks and
uncertainties, including, but not limited to, customer acceptance of our
products, our ability to raise capital to fund our operations, our ability
to develop and protect proprietary technology, government regulation,
competition in our industry, general economic conditions and other risk
factors which could cause actual results to differ materially from those
projected or implied in the forward-looking statements. Although we believe
the expectations reflected in the forward-looking statements are reasonable,
they relate only to events as of the date on which the statements are made,
and our future results, levels of activity, performance or achievements may
not meet these expectations. We do not intend to update any of the
forward-looking statements after the date of this press release to conform
these statements to actual results or to changes in our expectations, except
as required by law.
Contact:Nighthawk Systems, Inc.
Doug Saathoff, (877) 7-NIGHTHAWK, Ext 701
dsaathoff@nighthawksystems.com
Or
Grannus Financial Advisors, Inc
Yvonne Zappulla, Managing Director, 212-681-4108
Yvonne@grannusfinancial.com
Or
American Traffic Solutions
Josh Weiss, 480-443-7010
Director of Communications and Public Affairs
Josh.weiss@atsol.com
Source:
Nighthawk Systems, Inc.
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