Tactical Solution Partners Announces Milestone Contract to Fully Upfit Police Vehicles for St. Mary's County, Maryland
Contract Further Validates Company's Aggressive Growth Strategy to Offer Full Suite of Vehicle Upfitting Services to Local and Federal Agencies
HANOVER, Md., Mar 28, 2008 (BUSINESS WIRE) -- Tactical Solution Partners, Inc. (OTCBB:TTSR), an innovative homeland security technology and services firm, today announced the receipt of a two-year contract award to upfit Ford Police Interceptors for the St. Mary's County (Maryland) Sheriff Department. This two-year indefinite delivery / indefinite quantity (IDIQ) or blanket purchase agreement (BPA) contract has an initial order quantity of 19 marked and unmarked vehicles. TTSR expects to begin work on the vehicles for St. Mary's County in the second quarter of 2008.
TTSR's entry into the multi-billion dollar upfitting segment of the public safety industry will be a significant driver of the Company's aggressive growth strategy. Upfitting, or the process of adding non-factory installed equipment, such as lights, sirens, prisoner cages and ballistics protection to police, fire and EMS vehicles, is a fragmented and underserved segment of the homeland security industry with ample opportunities for increasing market share.
Via the Company's new 15,000 square foot upfitting facility, opened in December 2007, the Company intends to build a regional presence with a goal to deliver the same quality and high-level of service TTSR's customers have come to expect from its mobile computing and communications solutions.
"Tactical believes that full vehicle upfitting provides vast and potentially lucrative opportunities for immediate and long-term growth," said William A. Shafley, Chief Executive Officer of Tactical Solution Partners. "The St. Mary's County Sheriff Department exemplifies the professionalism that drives our nation's law enforcement agencies. We look forward to working closely with their officers over the next year and to provide similar agencies with the cutting edge mobile technologies that they need to uphold the law and protect the public's interests."
TTSR has successfully increased revenues by installing mobile computing and communications solutions for the majority of public safety agencies in the state of Maryland, as well as select agencies in Delaware, Virginia and Pennsylvania. Nationwide, the public safety mobile computing and communications market equals $2.4 billion. The added dimension of vehicle upfitting significantly enhances the breadth and depth of what TTSR is able to offer to its current customer base and to new customers throughout the mid-Atlantic region.
"We recently announced that our new facility in Hanover is capable of housing up to 30 vehicles simultaneously for installation and upfitting services around the clock," said Mr. Shafley. "We are strongly committed to expanding our customer base beyond the Maryland, Delaware and Virginia areas to more effectively leverage our operating and production capacities as a means to further increase shareholder value."
