Dmatek expands European operations with new agreements
Thursday, January 24, 2008
Electronic monitoring specialist Dmatek, has secured two European contracts including a new agreement to provide offender monitoring systems to the local penitentiary service in Paris, France, and a further extension of its contract with the Community of Madrid, Spain for Domestic Violence systems. These new lease contracts are valued at over $1 million for 2008.
Chief executive Yoav Reisman said: “The European law enforcement market continues to expand and provides us with ample growth opportunities. We are very pleased with these contracts which brace our market position.”
Last week, Dmatek reported that trading in the second half of the year continued at an accelerated pace, bringing the total revenues for the year to more than $44 million, compared with $26.8 million last year and $20 million for H1 2007. Dmatek will announce its results for the twelve months ended 31 December 2007 on 4 March 2008.
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