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Zedcor Inc. Signs Two Year, $14 Million Agreement for Deployment of 100 Hybrid MobileyeZ Security Towers
Calgary, Alberta--(Newsfile Corp. - January 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Compan...
About this update from Zedcor Inc
[{"type":"text","content":"Zedcor Inc. Signs Two Year, $14 Million Agreement for Deployment of 100 Hybrid MobileyeZ Security TowersCalgary, Alberta--(Newsfile Corp. - January 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the \"Company\" or \"Zedcor\"), a leading provider of strategic security solutions and remote video surveillance systems, is pleased to announce that it has entered into a rental and service agreement with a major pipeline contractor. Zedcor, through its wholly-owned operating subsidiary, Zedcor Security Solutions Corp., will provide the pipeline contractor with the rental and service of up to 100 of Zedcor's Hybrid MobileyeZ security towers featuring ground disturbance sensors for a period of two years. The contract is expected to contribute up to $14 million of revenue to Zedcor over the term. Zedcor's innovative Hybrid MobileyeZ security towers will provide 24/7 live security monitoring along the construction route for the contractor's expansion project which spans 1,150 kilometers across two provinces. The Company will position their Hybrid MobileyeZ towers at strategic locations that are deemed to be higher-risk along the pipeline's construction path. Video, along with disturbance alerts, will be streamed in real-time to Zedcor's centralized command center in Leduc, Alberta and will be monitored by Zedcor's trained security personnel without interruption. Alerts are met with an immediate response and if necessary, on-site security personnel can be dispatched. Deploying the Company's unique MobileyeZ solutions allows the contractor to mitigate risk through heightened visibility into potential security threats across a broad geographic area, while also controlling the cost of personnel and fuel, and limiting the potential for safety incidents.Todd Ziniuk, President and CEO of Zedcor commented, \"We are pleased to be awarded this contract and are excited to be contributing to a project that is strategically important for Canada. After many months of hard work and the ongoing dedication of the Zedcor team, this contract demonstrates our ability to provide innovative security solutions to major infrastructure projects and establishes Zedcor as the preeminent provider of remote security and surveillance solutions to the pipeline construction industry.\"In order to fulfill the requirements of the contract, the Company will purchase an additional 20 ...