HACKETTSTOWN, NJ, November 21, 2019 — Vislink Technologies, Inc. (NASDAQ: VISL) announces that it has received an order with an approximate value of $117,000 from a Mid-Atlantic municipal police organization for airborne downlink equipment. The order is in addition to the recently received $3 million in new orders and order backlog amounts that were announced on Nov. 6, 2019. The order fulfills part of a statewide project to upgrade coverage for law enforcement operations, with the potential for additional downlink equipment purchases to enhance the client’s current system.
The order covers equipment used to receive real-time, high-definition video captured from airborne units, the TSM-2020 transport stream management system, and related components and services. An essential part of the Vislink Airborne Video Downlink System (AVDS), the TSM-2020 is used to collect, aggregate and distribute video captured from a single or multiple receive site applications. The TSM-2020 extends access to critical situational video to an unlimited number of observers, who can view the video over any network connection.
“A growing number of military and law enforcement agencies are upgrading their airborne platforms to stay current with technologies that can benefit their operations,” said John Procacci, Vice President of Sales for Vislink Technologies. “There is an ongoing need for reliable, robust, fully-integrated solutions to provide ground personnel with strategic and tactical overviews of their missions. We engineered the AVDS with precisely these requirements in mind. We are proud to have the ongoing trust of this client and the many others actively using our systems for the critical work they do in and for their communities.”
About Vislink Technologies, Inc.
Vislink Technologies is a global leader in the development and distribution of advanced communication solutions. Driven by technical excellence that has led the industry for over 50 years, our innovative products and turnkey solutions provide reliable connectivity in the toughest environments across the global live production, military and government sectors. Our solutions include high-definition communication links that reliably capture, transmit and manage live event footage, as well as secure video systems that support mission-critical applications. Vislink Technologies shares are publicly traded on the NASDAQ exchange under the ticker symbol VISL. For more information, visit www.vislink.com.
Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the risk that our reduction in operating expenses may impact our ability to meet our business objectives and achieve our revenue targets and may not result in the expected improvement in our profitability, the fact that our future growth depends in part on further penetrating our addressable market and also growing internationally, and we may not be successful in doing so; our dependence on sales of certain products to generate a significant portion of our revenue; the effect of a decrease in the sales or change in sales mix of these products would harm our business; the risks that an economic downturn or economic uncertainty in our key U.S. and international markets may adversely affect demand for our products; difficulty in accurately predicting our future customer demand; the importance of maintaining the value and reputation of our brand; and other factors detailed in our Annual Report on Form 10-K for the year ended December 31, 2018 and our other subsequent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof or as of the date otherwise stated herein. The Company disclaims any obligation to update these forward-looking statements.
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