Last $0.15 USD
Change Today -0.029 / -16.48%
Volume 187.4K
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

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brekford corp (BFDI) Details

Brekford Corp. provides safety technology services in the United States. The company provides bumper-to-bumper vehicle modification; automated traffic enforcement products; road safety camera programs, including red light and speed photo enforcement systems; and back office processing services. Its products include automatic traffic safety enforcement-photo speed and red light enforcement system, an enforcement technique with one or more motor vehicle sensors that produce recorded images of motor vehicles traveling at speeds above a defined threshold; and Slick-Ticket, an electronic ticketing system for public safety vehicles to allow law enforcement officers to access driver's license and registration information, as well as issue tickets, warnings, and citations. The company also provides mobile data and digital video rugged information technology solutions. In addition, it offers 360° vehicle solution that provides vehicle upfitting, mobile data, and video solutions, including municipal financing and leasing services for agencies. Brekford Corp. offers its products and services to homeland security agencies; federal, state, and municipal law enforcement agencies; and municipalities. The company was formerly known as Brekford International Corp. and changed its name to Brekford Corp. in July 2010. Brekford Corp. is headquartered in Hanover, Maryland.

48 Employees
Last Reported Date: 03/27/14

brekford corp (BFDI) Top Compensated Officers

Chief Executive Officer, Chief Financial Offi...
Total Annual Compensation: $198.5K
Chief Strategic Officer and Director
Total Annual Compensation: $183.6K
Compensation as of Fiscal Year 2013.

brekford corp (BFDI) Key Developments

Brekford Corp. Signs Multi-Year Contract with Grupo Canviso

Brekford Corp. has signed a multi-year contract with Grupo Canviso. Grupo Canviso's values are uniquely aligned with Brekford because their focus is purely on public safety, and they understand that automated enforcement technology is just one element of an effective program. Grupo Canviso will incorporate ATSE services with a broad program focused on drivers and vehicles with a goal to improve safety and operational efficiency within Mexican municipalities. Public officials in these areas have significant concerns regarding speeding, aggressive driving, and other unsafe practices leading to a high rate of accidents and deaths on the roads.

Brekford Wins Multi-Year Contract Renewals for Automated Traffic Safety Enforcement

Brekford Corp. announced contract extensions of its existing clients including the City of Laurel, the City of Hagerstown, and the City of Salisbury, Maryland. With many of the Company's Maryland contracts due to expire this year, extension discussions were complex as the Maryland legislature was debating SB350, also known as the 'Speed Monitoring System Reform Act of 2014,' which became law on June 1, 2014. Among other revisions to the original 2009 legislation authorizing cameras statewide in Maryland, the Act states that a presently existing obligation, contract, or contract right may not be impaired in any way and that the Act does not repeal any current obligation, contract, or contract right in existence before the effective date of the Act through June 1, 2017. Brekford rapidly added its Maryland clients in 2010 and 2011 with the introduction of edge technology, including its iP360 web enabled software suite that provides an end-to-end solution for ATSE and parking citation processing as well as ancillary collection services. The Company has developed solutions from a public safety and process oriented perspective rather than relying solely on hardware technology. With an array of optional technologies including portable speed, fixed non-intrusive red light, and handheld photo enforcement cameras as well as the recently introduced School Safety Zone SpeedAlert System, Brekford presents a flexible solution customized to each client's unique requirements. Future products will incorporate mobility for vehicle based enforcement and solar power upgrades to promote green initiatives for clients.

Brekford Corp. Announces Completion of New Financing Arrangement with Rosenthal & Rosenthal, Inc

Brekford Corp. announced the completion of a new financing arrangement with Rosenthal & Rosenthal Inc. The $3,000,000 financing arrangement carries an initial term of two years and includes a $2,500,000 revolving secured line of credit in addition to a $500,000 term loan. The credit agreement replaces Brekford's prior $2,000,000 revolving credit agreement with PNC Bank, National Association that was due to expire August 31, 2014.


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