Electronic Control Security, Inc. Enters into Teaming
Agreement for a Multi-Million Dollar Border Project in
North Africa
CLIFTON, N.J., February 18, 2021 — Electronic Control Security, Inc. (OTC Pink: EKCS), a leading provider of electronic security system technologies to the government and private sectors, and offers a comprehensive portfolio of facility security and control systems worldwide, has entered into a Teaming Agreement for a major boarder project in a North African country.
Mr. Barchenko said, “some seven (7) years ago an NDA was entered into between the company and the prime contractor. Following that, we devoted a great deal of time assessing the terrain and environmental concerns in order to prepare preliminary designs, bills of material and budgets.”
During the past seven (7) years of planning and development we addressed the design, engineering, manufacturing, integration, factory acceptance testing, field testing and training in the maintenance and operation of the technologies to secure a nation.
The design includes ECSI’s entry control, perimeter, including, Fiber Optic Intelligent Detection System (FOIDS®), Infrared Perimeter Intrusion Detection (IPID®), Three-dimensional Radar, Day/Night Thermal Imaging Cameras and its Integrated Device Management Technologies.
Mr. Barchenko added, “now that the project is ready to move ahead a formal teaming agreement has been entered into between the parties for a five (5) year multi-phased program to secure the border of the country. Phase one (1) is estimated to be potentially up to $85M with shipments scheduled for fiscal 2022 and on.
ELECTRONIC CONTROL SECURITY, INC. SAFE HARBOR STATEMENT: This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward- looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including without limitation, our ability to raise needed capital to pursue our business opportunities and to maintain our operations, our ability to complete the contracted for services with our limited financial resources, our ability to book revenues from the transaction and ultimately become profitable. We undertake no obligation to revise or update any forward-looking statement for any reason.
FOR CONTACT: Fernanda Oliveira (973) 574-8555
https://backend.otcmarkets.com/otcapi/company/dns/news/document/47076/content
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