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Been getting new orders for security technology. Just got another for college campus. Has had a run, but keeps coming out with new orders. I'm in hoping the trend continues.
MDI Delivers Advanced Product Order for Two School Campus Locations in California to Certified Integration Partner Construction Electronics, Inc.Last update: 4/20/2007 9:09:28 AMAdvanced Order to be Unified Into Larger School District Security Access, Alarm & Network Video Unification Program Scheduled for Award This Month SAN ANTONIO, Apr 20, 2007 (BUSINESS WIRE) -- MDI, Inc. (MDII), the leading provider of Unified Technology(TM) solutions for the security industry today announced that it has delivered an advanced order for immediate installation at two new school campuses in California by Certified MDI Security Integration Partner, Construction Electronics, Incorporated (CEI). The order is scheduled to be unified into a district-wide campus security project that includes access control, alarm management and a network based IP video surveillance management system. The MDI platform is designed to control all security alarms and surveillance points, throughout each campus in the district, from a central command center location. The two projects are part of a larger construction project involving twelve new school campuses and three renovated school campuses to alleviate overcrowding in this California city's most densely populated and rapidly developing areas. The first project is for a high school campus designed to accommodate 2,700 students in grades 9-12 with 323,196 square feet of building space across 24 acres of land. The state-of-the-art campus will feature four comprehensive high schools on one campus, each one focusing on a different career field. Campus features include 77 general classrooms, an arts complex, library, complete athletic facilities, a 790-seat auditorium and 376 onsite parking spaces. The second project will be installed at a new middle school campus on over 36 acres with 162,000 square feet of facility space including three three-story buildings, five elevators and a 22,000 square foot administration building and library. The new campus will serve an estimated 1600 students in 6th through 8th grade. The MDI system, integrated and maintained by knowledgeable professionals like CEI, delivers an automated security command and control environment to school districts which replaces human efforts with technical advances and serves as a centralized decision support system for security personnel. The analysis of real-time intelligence provided by system analytics empowers school security personnel to implement security procedures remotely, including keyless lockdowns, in an automated campus environment. Unified access, alarm, video and audio communication capabilities give school security managers the advantage of having complete situational awareness during an incident. With this system, validating the current state of security in each classroom, within each school building at each district campus becomes a reality. Security cameras in every hallway and manual lockdown procedures that take hours to accomplish and verify at large campuses may sometimes provide teachers and administrators with a false sense of security. Frank Hermes, President of CEI, sees the order as a manifestation of strong vision from both parties. "CEI applauds the school district's wisdom in its selection of MDI as their security partner. MDI has been an industry-dominating player for so many years as a direct result of their incessant striving to provide the optimum, custom-tailored security system package that solves the client's immediate requirements, while allowing flexibility for growth and change as needs and conditions evolve," he stated. "CEI has been our trusted integration partner for many years and we are pleased to be working with their technical security team once again on these new school campus projects," stated J. Collier Sparks, President and CEO of MDI, Inc. "The breadth and depth of overall security experience within our two organizations in open school system environments delivers true value to district campuses, regardless of size or scope. I join Frank in applauding this security-minded California school system for selecting a proven campus security solution to protect their people, facilities and assets," he concluded.
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MDI Inc. Subsidiary FAS Construction Management Selected for Major Retail and Condominium Developments
SAN ANTONIO--(BUSINESS WIRE)--
MDI, Inc. (NASDAQ: MDII), announced today that FAS Construction Management, Inc. (FAS), a subsidiary of MDI, has been chosen by three global investment and financial lending organizations to provide construction risk management services on several sizeable construction projects in the United States and Mexico. The owners, developers and financial institutions that invest in these types of large-scale international projects rely on the proven construction management expertise of FAS to mitigate risk throughout the project lifecycle.
Totaling in excess of $100 million, these projects will include management services for the construction of retail, entertainment, civil infrastructure, utilities and residential buildings.
FAS was selected by a large global finance company to perform construction risk management services for the Las Casitas Altas development, located in Cabo San Lucas, Mexico. FAS professionals from the Cabo San Lucas and Monterrey, Mexico offices, in conjunction with project managers from the San Antonio, TX headquarters will manage the construction of infrastructure, roads, utilities, and ten residential developments. The completion of Las Casitas Altas is expected to take two years with an estimated final cost of $25 million.
Additionally, FAS was selected by a major US developer to perform construction management services for a 426,944 sq. ft. retail development in Ciudad del Carmen, Mexico. The development is designed to accommodate a large global chain department store and a 14-screen cinepolis, anchored by an 81,000 sq. ft. National Grocery Store. The project is valued at $24 million and has an expected completion date of April 2009.
FAS professionals have also started comprehensive services on a $57 million new construction project for a residential building in Las Vegas, Nevada. FAS was chosen to manage the construction risk for this project by one of the largest commercial construction lending institutions in the country. The 20-story condominium tower complex will have approximately 411,000 sq. ft. of luxury residential space and is expected to take 18 months to complete.
FAS Construction Management has proven to be the de-facto standard for US-based organizations and REITS seeking to secure their investments in the development of new construction projects throughout Mexico and South America. FAS is the leading authority on assisting International Investors in taking large commercial construction projects from concept to completion in the United States. For more information on how FAS Construction Management can assist you on your next construction project, please visit www.fascompanies.com or call 210-477-7900.
About MDI, Inc. (NASDAQ: MDII)
MDI, Inc., companies deliver security technology products, services and training for high-security government, commercial and educational markets as well as comprehensive construction management solutions on an international scale. MDI companies include:
-- MDI Security Systems(TM) -- FAS Construction Management(TM) -- MDI Professional Services Group(TM) (PSG) and -- The LearnSafe Initiative(TM)
For more information on MDI or its diversified line of products and professional services, please visit www.mdisecure.com.
Forward-Looking and Cautionary Statements
Except for historical information and discussions contained herein, certain statements included in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission.
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