|
MSGI Installs NYC Subway Surveillance 9/23/05 |
MSGI Security Solutions Inc. on Friday said it started installing a
subway video surveillance system in a pilot project for the New York City Police Department.
The news sent shares of MSGI, a maker of equipment and software for security, safety and surveillance operations, up $1.93, or 42.5 percent, to $6.47 on the NASDAQ, where it was the top percentage gainer in the morning session. The stock has traded in a range of $4.02 to $10.20 in the past 52 weeks.
"The
surveillance system features covert wireless video surveillance aimed at observing criminal activity underground," MSGI said.
"Police officials will use the new
video surveillance system over the next 60 days to monitor subway platforms at undisclosed locations throughout Manhattan that were selected based on historical crime statistics. The system has already been deployed in three subway stops and led to two arrests within the first hour of operation," MSGI said.
The pilot project with MSGI comes a month after New York's Metropolitan Transportation Authority awarded
Lockheed Martin Corp. a $212 million contract to build a surveillance system for the city's subway and bus lines and two major commuter rail lines.
The
MTA's deal with Lockheed followed the July 7 London subway bombings, which killed 52 people.
Spokesmen for MSGI and the NYPD were not immediately available to comment on where the new
video surveillance system would be deployed.
Source: businessweek.com
|
