PENNSAUKEN, NJ--(Marketwired - Jan 7, 2014) - Lattice Incorporated (OTCQB: LTTC) ("Lattice" or the "Company"), a cloud-solutions provider of inmate management network systems for correction facilities, announced completion of installations of its proprietary Integrated Corrections Operating Network (ICON) at the Lynn County Jail in Tahoka, Texas, and the Lincoln County Jail in Chandler, Oklahoma.
"We continue to build further sales momentum for our industry-leading corrections management and communications platform," stated Paul Burgess, CEO of Lattice, stated: "While the number of inmates we are servicing continues to rise, we've only scratched the surface on the potential $5 billion market opportunity for ICON. Each new installation represents further validation of the value that ICON represents to our clients and strengthens our recurring revenue streams, which we believe will lead to ongoing shareholder value improvement in the weeks and months ahead."
Lattice's proprietary ICON platform is an integrated communications system for correctional facilities, offering telephone calls, voicemail, video visitation, e-mail, text messaging, and social media. The platform also includes a facility management and accounting package that enables efficient management of all prison processes, including telephone calls, commissary purchases, point-of-sale kiosks, biometrics, booking, incident reporting, and more. ICON's automated payment processing, billing, and accounting features reduce administrative overhead for corrections facilities. ICON is designed to improve efficiency and accountability for correctional facilities ranging from large multi-facility operators to small individual facilities.
- The Company's ICON platform is now serving over 50,000 inmates in more than 50 facilities in the U.S., Canada, Europe, Japan, and the Caribbean.
- Lattice's technology is a complete turn-key cloud-based solution for inmate management and provides an investigative tool set for corrections facilities.
About Lattice Incorporated
Lattice Incorporated provides advanced information and communications technology solutions to corrections facilities globally. The Company's innovative, cost-effective solutions leverage its proprietary Nexus platform, a real-time transaction processing engine, to develop and deliver customized cloud-based software applications with military-grade security for facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Safe Harbor Statement
Safe-Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the risk factors disclosed in the Company's periodic reports filed with the SEC. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk factors disclosed in the company's Forms 10-K previously filed with the SEC.