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MDI and Palmer Electric Team to Secure the United States Air Force Academy Monday May 22, 2:55 pm ET Palmer Electric and NETCENTS Contractor Multimax Inc. Land Base-Wide Engagement Highlighting MDI Unified Security Solution
SAN ANTONIO--(BUSINESS WIRE)--May 22, 2006--MDI Security Systems, a division of MDI Inc. (NASDAQ:MDII - News) and leading manufacturer of unified security software, hardware and video solutions, today announced that it has been chosen by Palmer Electric Inc. and Electro-Tech Inc. of Colorado Springs, CO., to provide Unified Security Solutions to the United States Air Force Academy (USAFA). Palmer Electric (Palmer) contracts under Multimax Inc., one of four small business contractors under the NETCENTS Network-Centric Information Technology contract.
NETCENTS is a five-year, $9 billion, IDIQ (Indefinite-Delivery, Indefinite-Quantity) contract that was established to provide Air Force (at all levels), Department of Defense and other Federal Agencies a primary source of networking equipment/product supply and systems engineering, installation, integration, operations, and maintenance services.
With a reputation for providing superior quality and customer service and an extensive history in providing solutions to military customers, Palmer has been working with the Air Force in the Colorado Springs area for over 20 years. In addition to the USAFA, their customers include Fort Carson Army Base, Cheyenne Mountain Air Station (NORAD), Schriever Air Force Base and Buckley Air Force Base.
"We researched many manufacturers for this project and SAFEnet, built on ONE Unified Technology from MDI, offered exactly what the Air Force Academy needed -- a state-of-the-art open architecture command and control solution that's easy to customize and that offers unlimited expansion capabilities," said Cary Gulsby, Access Control Project Manager at Palmer Electric. "There is no stronger unified access control product available on the planet that can match MDI's seamless integration capabilities. MDI's sales support function, superior engineering team and third-generation unified technology gave us the competitive edge to win the Air Force Academy contract. Our plan is to exclusively utilize SAFEnet and the entire MDI product line as the foundation for all of our existing and future integrated system projects," he added.
The MDI solution will replace the USAFA's current integrated system, which was not capable of meeting their current and future comprehensive security requirements.
"We are proud to be partnering with the Palmer team on this state-of-the-art integrated systems project," stated J. Collier Sparks, President and CEO of MDI Inc. "Critical security projects such as these truly validate MDI's ONE Unified Technology platform as the most innovative third-generation solution in the industry with the highest investment value to the customer. Coupled with Palmer's customer-centric business model, the USAFA could not have chosen a better team to replace their second-generation solution," he added.
About Palmer Electric Inc.
Palmer Electric is a woman-owned business that has been operating in Colorado Springs for 22 years and is the parent company of Electro-Tech Inc. (www.electro-techsolutions.com). Since then, they have been performing contract work with the United States Government and have always provided quality craftsmanship while working hand-in-hand with the military to meet their specific needs. Palmer has completed various projects at a variety of military bases and key customer sites including: United States Air Force Academy, Peterson Air Force Base, Schriever Air Force Base, Fort Carson, and NORAD, El Paso County, City of Colorado Springs, Colorado Springs Utilities, State of Colorado, and other state-funded construction projects including school districts. For more information on Palmer Electric, please visit www.palmerelectric.net.
About MDI Inc.
MDI (NASDAQ:MDII - News) manufactures security software, hardware and video solutions designed to protect people, facilities and assets. These products and solutions are united by ONE Technology. ONE Technology unifies security point products, systems and subsystems into a common management platform. Far beyond the Integrated Security Management software promoted by industry competitors, ONE delivers an open architecture environment that adapts each individual application and device into its platform -- promoting global collaboration as ONE system. The MDI product family currently protects over 8 million alarm points across the globe for many of the world's most recognized organizations including Microsoft, MBNA Worldwide, John Deere, Pepsi, FBI, Fidelity Investments, Bureau of Engraving & Printing, American Express, Department of Defense, IRS, Disney, Smithsonian Institution and MIT to name a few. For more information on MDI or its diversified line of security products, please visit www.mdisecure.com.Posts: 176 | Registered: Nov 2004
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Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 05.09.2006 (13) days ago, when the stock price was 1.1600. Since then MDII has fallen -21.55% .
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MDI and Jenkins Security Solutions Team to Deploy Unified Security Convergence Solution for Major Hospital Client; First in a Series of Unified Hospital Security Projects Opens Door to Healthcare IT Convergence Engagements for Premier Security Integrator
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SAN ANTONIO, May 23, 2006 (BUSINESS WIRE) -- MDI Security Systems, a division of MDI, Inc. (MDII : mdi inc com News , chart, profile, more Last: 0.88-0.03-3.30%
12:45pm 05/23/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: MDII0.88, -0.03, -3.3%) and a leading manufacturer of unified security software, hardware and video solutions, today announced that they have partnered with Jenkins Security Solutions, a Walnut Creek, CA, based provider of integrated security services and converged security solutions to deploy the first in a series of security convergence projects for key hospital clients in California and Nevada. The Jenkins team, along with the client hospital's IT department is currently installing the MDI SAFEnet system, which is built on the company's ONE Unified Technology platform. After evaluating a variety of integrated solutions for this project, Jenkins chose MDI based on the superior systems control capabilities and end user value of the "unified" system. ONE delivers an open architecture environment that adapts each individual application and device into its platform -- promoting collaboration as one unified command and control operating system. "We found that MDI provided the best solution for our client's needs," said Vince Hernandez, CET, vice president of operations for Jenkins Security Solutions. "The open architecture platform was key to delivering a total solution to the client. With this platform, we can seamlessly adapt and integrate SAFEnet with the client's existing IT and security technology infrastructure, versus forcing them to change to accommodate a new solution," he added. Jenkins has positioned the MDI platform with additional hospital clients in California and Nevada who are seeking similar solutions. Ultimately, the combination of Jenkins' experience and MDI's technology will enable the team to win additional healthcare security engagements in the future. The MDI unified system empowers healthcare related organizations to scale their security as needed to address their organizational growth needs and respond proactively to government-mandated security and privacy regulations such as the Health Insurance Portability and Accountability Act (HIPAA), Joint Council on Accreditation of Healthcare Organizations (JCAHO) and any future state-sponsored or Homeland Security initiated directives that may affect their business continuity. "Representing MDI assists us in solidifying relationships with clients and allows us to bring in a solution that exceeds our client's expectations," stated Scott Jenkins, CEO of Jenkins Security. "We are very optimistic that our partnership with MDI will help both companies achieve their business goals in the future. MDI's willingness to support our team helps us in delivering total solutions to the client, which is the core focus of our business," he concluded. The MDI and Jenkins team will also combine forces to target business in the new building construction and building security market, where MDI's high-security government experience delivers value beyond that of any competing industry solution.
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SAN ANTONIO--(BUSINESS WIRE)--May 24, 2006--MDI, Inc. (NASDAQ:MDII) announced today that it has closed the private placement of common stock and warrants to several repeat institutional and accredited investors resulting in gross proceeds of approximately $2.3 million before payment of expenses and placement fees.
Under the terms of the financing, MDI sold 2,875,000 shares at $0.80 per share and granted the investors 5-year warrants to purchase 1,150,000 shares of common stock at an exercise price equal to $1.02 per share. The warrants may first be exercised on the 181st day following the closing.
"We are pleased to announce this financing as a testament to both the success in executing our business strategy thus far and the tremendous potential we see moving forward," said J. Collier Sparks, CEO and President at MDI. "Our market is projected to grow significantly in the coming years. MDI, already recognized throughout the industry as the leader in our space, is well positioned to capture this growth opportunity. Today's announcement reflects the continued support of our core investors, as well as the growing relationship with our most recent investors," said Mr. Sparks.
Mr. Sparks also stated, "The proceeds received from completing this latest financing provide for a stronger balance sheet by enhancing our shareholders' equity and provide working capital that will assist us in the continued execution of our business plan."
The Shemano Group acted as placement agent in connection with the private placement.
The company must register the common stock sold and issuable on exercise of the warrants for public resale under the Securities and Exchange Act of 1933.
The complete terms of the proposed preferred stock sale will be filed via a Form 8-K with the Securities & Exchange Commission and will be available at the SEC's website at http://www.sec.gov .
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MDI Security Systems extends business focus into health care
San Antonio Business Journal - May 26, 2006 Print this Article Email this Article Reprints RSS Feeds Most Viewed Most Emailed MDI Security Systems is branching out into the health-care security market.
The company, a division of San Antonio-based MDI Inc. (NASDAQ: MDII), formed a strategic partnership with Jenkins Security Solutions to work on a series of security convergence projects for hospital clients in California and Nevada.
The value of the work was not disclosed.
Jenkins is a Walnut Creek, Calif.-based company that provides integrated security services. Jenkins employees are working with the hospitals' IT departments to install MDI's SAFEnet system. The technology is an open architecture platform that can be configured to work with a range of building-access control and video systems.
Officials with both companies say the combination of Jenkins' experience and MDI's technology will help health care firms develop a scalable security network for their organizations.
MDI's system will be marketed as a way to help health care organizations meet government-mandated security and privacy regulations, such as the Health Insurance Portability and Accountability Act, the Joint Council on Accreditation of Healthcare Organizations or any future state or Homeland Security directives that may affect their business continuity plans.
In dealing with the fact that different hospitals work with different IT and security technologies, Jenkins has found that MDI's SAFEnet platform can integrate a hospital existing infrastructure without having to invest in new equipment, Jenkins Vice President Vince Hernandez says.
MDI manufactures security software, hardware and video systems that protect people, facilities and assets.
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