SOURCE: COPsync, Inc.

COPsync, Inc.

January 25, 2017 09:15 ET

Arecibo, Puerto Rico Signs Purchase Agreement with COPsync

Arecibo becomes the "Safest City in the Caribbean" by using COPsync

DALLAS, TX--(Marketwired - Jan 25, 2017) - COPsync, Inc. (NASDAQ: COYN) today announced that the Municipality of Arecibo, Puerto Rico has signed a contract with the Company to acquire the COPsync law enforcement communication Network™ and the COPsync911™ threat-alert system to keep its residents and tourists safer. These COPsync systems are expected to provide increased safety for the City's residents and the millions of tourists that visit Puerto Rico annually. The contract follows an evaluation conducted by the City.

Financial terms of the transaction were not disclosed, although the contract is expected to be the largest in the Company's history by orders of magnitude once fully implemented.

"With COPsync, we are prepared to welcome and protect tourists from all over the world. I am committed to making Arecibo the safest city in the Caribbean," said Carlos Molina Rodriguez, Mayor of the Municipality of Arecibo. "Emergency Management and the Police Municipality of Arecibo will have the best state-of-the-art technology, which will be able to connect with all the law enforcement agencies that belong to the COPsync Network in the US mainland and other Caribbean countries that follow our example," continued Mayor Rodriguez.

Arecibo is home to the second largest telescope in the world and the tallest statue in the Americas, "The Birth of the New World Statue." These attractions bring hundreds of thousands of visitors a year, and tourism is a massive economic driver of the Arecibo economy.

"For the Municipality of Arecibo, the COPsync technology allows the agencies to acquire delinquent citation fees across the entire COPsync Network," said Professor Esdras Velez, Secretary of the Municipality of Arecibo. "The COPsync systems will improve the safety of our residents and visitors by providing the capability to rapidly share law enforcement information with other agencies and jurisdictions. COPsync's systems can save minutes when seconds count and will help save lives and protect our citizens, communities and tourists," continued Professor Velez.

Mr. Ronald A. Woessner, CEO of COPsync commented, "Arecibo is an important city in Puerto Rico. It is home to the island's milk industry and supports a thriving tourist industry. We are honored that the COPsync systems have been chosen to help protect the safety of the City's residents and visitors. The Arecibo community deserves these investments to improve the citizens' quality of life, and COPsync is proud to help create a new era of safety in Arecibo and throughout Puerto Rico. We look forward to implementing the COPsync systems in Arecibo and conducting intensive training for its municipal police and emergency management officers and supervisors."

About COPsync, Inc.

COPsync, Inc. (NASDAQ: COYN) is a technology company that connects law enforcement officers across the nation, so they can communicate and share mission-critical non-adjudicated information in real-time. This saves officers' lives and keeps the public safer; helps law enforcement officers catch criminals and stop child kidnappings, vehicle thefts, bank robberies and other crimes in progress; and arms the nation's law enforcement officers with needed information so they can help defend against terrorism. For more information, go to www.copsync.com.

Safe Harbor Statement

Statements in this press release that are not purely historical facts or that depend upon future events, including statements about forecasts of earnings, revenue, product development, sales, proposed financing transactions or other statements about anticipations, beliefs, expectations, intentions, plans or strategies for the future, may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. For example, statements containing words like "expect," "anticipate," "potential," "believe," "confident," "estimated," "future," "plan," "planning," "projected," "strategy," "pursuing," "objective" and other similar terms, express management's current views concerning future events, trends, contingencies or results, which may be considered forward-looking statements. Specifically, the statement, "... the contract is expected to be the largest in the Company's history by orders of magnitude once fully implemented." This and other similar statements are highly dependent on the contract size and associated dollar figure as well as the Company's success in implementing the proposed COPsync systems in Arecibo. All forward-looking statements are based on information available to the Company on the date this release was issued. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including risks or uncertainties related to the Company's ability to succeed in its sales strategy, raise sufficient capital, maintain its NASDAQ listing or succeed in its business strategy, which may adversely affect the Company's business and the value of an investment in the Company's stock. The Company may not succeed in adequately addressing and managing these and other risks. Further information regarding factors that could affect the Company's financial, operating and other results can be found in the risk factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission.

Contact Information

  • Investor Relations
    Everest Corporate Advisors, Inc.
    702-902-2361
    702-982-1339

    For COPsync:
    Ronald A. Woessner
    Chief Executive Officer
    972-865-6192
    invest@copsync.com

    Media:
    Cynthia Vetter
    Director of Media and Investor Relations
    cvetter@copsync.com