VANCOUVER, Feb. 22, 2016 /CNW/ - JEMTEC Inc. (TSX-V: JTC) ("JEMTEC" or the "Company") the leading provider of integrated technology systems for community based corrections in Canada, has been selected to provide offender monitoring services for the Nova Scotia Department of Justice, Correctional Services (Correctional Services). This contract award follows a structured competitive procurement process involving detailed technical and pricing considerations. The Contract will include GPS, Radio Frequency and Voice Verification services to start.
The initial contract has a three (3) year term with an option for two (2) additional two (2) year extensions selectable by Correctional Services for a possible seven (7) year term. The awarded value of the contract based on Correctional Services internal budgeting for the initial 3-year period is $936,000. Jemtec cautions this is a budget value and actual revenues will depend on factors such as the type and amount of technology in use to meet Correctional Services needs.
Eric Caton, President and CEO said "we are pleased to have been chosen to provide the Electronic Supervision of Offenders service to Nova Scotia. Further Jemtec has provided a full spectrum of monitoring technologies and services to provincial and federal correctional and border services across Canada since 1987 and in doing so has built a reputation for offering the best technological solutions and support for use in this very demanding environment."
Established in 1981, JEMTEC holds rights for a variety of electronic monitoring technologies including reporting systems, voice verification, alcohol monitoring, radio-frequency and GPS tracking systems. The common shares of JEMTEC trade through the facilities of the TSX-Venture Exchange under the symbol JTC. For additional information, please visit www.jemtec.ca
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Jemtec Inc.
For further information: Eric Caton, President, Phone (877) 929-4559, Fax (877) 929-4198, www.jemtec.ca