TORONTO, ON / ACCESSWIRE / June 28, 2021 / Route1 Inc. (OTCQB:ROIUF)(TSXV:ROI) (the "Company" or "Route1"), an advanced North American provider of data-centric business empowerment solutions, today announced that its wholly owned subsidiary, PCS Mobile, received a purchase order from a State of California law enforcement agency to purchase 197 state-of-the-art Automatic License Plate Recognition ("ALPR") systems that will be deployed in patrol vehicles. The revenue to be generated by Route1 from the 199 ALPR systems purchase order is approximately US $1.3 million and will be recognized as the ALPR systems are delivered to the client which is expected to start in the third quarter of 2021.
As announced in June 2020, Route1 was awarded a three-year contract with seven, one-year contract renewal option years by the State of California. The contract is to provide the State of California's officers with a state-of-the-art ALPR system that will enhance officer safety and significantly improve operations. Route1's ALPR system partner for this contract is Security Center AutoVuTM from Genetec Inc.
Agencies throughout the State of California and others can take advantage of this partnership to purchase ALPR systems for their agencies. In support of making this partnership accessible to statewide and other law enforcement agencies, PCS Mobile has provided a complete catalog of installation, support services and accessories for those agencies that utilize the contract, as well as trade-in capabilities to upgrade to the AutoVu system from their existing ALPR technology.
Security Center AutoVuTM
Security Center AutoVu™ is an ALPR system that helps law enforcement agencies, commercial organizations and parking authorities locate vehicle of interest, solve cases and enforce parking regulations. Its line of specialized ALPR devices can be deployed in fixed and mobile applications and deliver high performance in the most demanding situations. Route1 has been the Genetec™ AutoVu Premier Partner of the Year for the last five years.
Route1 Inc. is an advanced North American technology company that empowers their clients with data-centric solutions necessary to drive greater profitability, improve operational efficiency and gain sustainable competitive advantages, while always emphasizing a strong cybersecurity and information assurance posture. Route1 delivers exceptional client outcomes through real-time secure delivery of actionable intelligence to decision makers, whether it be in a manufacturing plant, in-theater or in a university parking lot. Route1 is listed on the OTCQB in the United States under the symbol ROIUF and in Canada on the TSX Venture Exchange under the symbol ROI. For more information visit: www.route1.com.
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This news release, required by applicable Canadian laws, does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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This news release may contain statements that are not current or historical factual statements that may constitute forward-looking statements or future oriented financial information. These statements are based on certain factors and assumptions, including, expectations regarding the success of the private placement and the terms on which the Company will raise funds, price and liquidity of the common shares, expected financial performance, expected subscribers and subscription-based revenue, business prospects, technological developments, development activities, the ability of the Company to obtain the supersedeas bond in order to appeal the decision to the United States Court of Appeals for the Federal Circuit, and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these and other risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement or future oriented financial information to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources. Past or forecasted performance is not a guarantee of future performance and readers should not rely on historical results or forward-looking statements or future oriented financial information as an assurance of future results.
SOURCE: Route1 Inc.
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