DALLAS, Nov. 10, 2016 /PRNewswire/ -- COPsync, Inc. (NASDAQ: COYN), announced today it is actively working in Washington, DC to find an opportunity to participate in the contracts anticipated to result from the federal initiative known as the First Responder Network Authority (FirstNet) wireless broadband first responder network. COPsync has developed the COPsync Network™, a real-time communications and information sharing system for first responder law enforcement officers. Local and national security is increased by providing law enforcement officers advance warnings of dangerous people and situations and real-time notification of crimes in progress.
During the horrific September 11, 2001, terrorist attack in New York City, more than 400 first responders were killed. Congress determined one of the contributing factors to be communications failures that led to many first responders not receiving orders to evacuate the World Trade Center before it collapsed.
Congress subsequently in 2012 authorized the creation of the First Responder Network Authority (FirstNet) and directed it to create a nationwide interoperable wireless broadband network for first responders and public safety. Congress also authorized $7 billion in federal spending for the network. A request for proposals (RFP) was subsequently issued, and FirstNet CEO Mike Poth recently announced that the FirstNet Authority is continuing to evaluate the RFP responses, and a contract award announcement is expected soon.
COPsync CEO Ronald A. Woessner stated, "Once the RFP general contract winner is announced, COPsync seeks to become an approved subcontractor to assist the general contractor in cost-effectively executing its responsibilities under the resultant FirstNet contract. The COPsync Network, already being used by thousands of first responder law enforcement officers in nearly 20 states across the US, has the capability to scale nationwide and cost-effectively at a vigorous pace. The system provides law enforcement officers the ability to communicate across jurisdictional boundaries and in real-time -- in fulfillment of one of the purposes of the FirstNet Authority. Participating in this federal initiative could hasten the deployment of the COPsync Network across the US, potentially resulting for our shareholders in the single most significant company achievement to-date."
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 information in real-time. This saves officers' lives and keeps the public safer; helps law enforcement officers catch common 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," "expects," "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 statements: "COPsync seeks to become an approved subcontractor to assist the general contractor in cost-effectively executing its responsibilities under the resultant FirstNet contract"; "…has the capability to scale nationwide and cost-effectively at a vigorous pace" and "Participating in this federal initiative could hasten the deployment of the COPsync Network across the US, potentially resulting for our shareholders in the single most significant company achievement to-date." These statements are highly dependent on the Company's ability to successfully obtain First Net's business through the contract bidding process. 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 because 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 success in the RFP process, its ability to implement its business plans, raise sufficient capital, maintain its NASDAQ listing, or succeed in its sales strategy, which may adversely affect the Company's business and the value of an investment in its equity securities. 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.
Everest Corporate Advisors, Inc.
Ronald A. Woessner
Chief Executive Officer
Director of Media
and Investor Relations
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SOURCE COPsync, Inc.