DirectView Holdings, a company focused on ownership and management of leading video and security technology companies, announced that it has received a contract to complete a comprehensive security and surveillance installation at a Colorado cannabis facility, including a large grow house, two dispensaries, and management offices valued at approximately $150,000.00. The company expects to complete installation in the fourth quarter of 2015.
DirectView Holdings, a company focused on ownership and management of leading video and security technology companies, announced that it has received a contract to complete a comprehensive security and surveillance installation at a Colorado cannabis facility, including a large grow house, two dispensaries, and management offices valued at approximately $150,000.00. The company expects to complete installation in the fourth quarter of 2015.
The full installation is expected to be completed in the fourth quarter and will include the DirectView IP megapixel security cameras, DirectView's NVR video and audio storage server as well as a access controls and a comprehensive intrusion alarm system. The company will also receive recurring revenue from an ongoing services contract to provide 24/7 alarm monitoring of the entire facility. The contract was derived from the company's ongoing strategic partnership agreement with Cannamor, a privately held Colorado-based consulting company focused on legal cannabis growing and dispensing projects.
Roger Ralston, CEO and Chairman of DirectView, stated, "We are excited to win another comprehensive cannabis installation as part of our exclusive security partnership with Cannamor. We continue to solidify our position as a trusted source for the security needs of the cannabis industry enabling us to win larger installation contracts like this one. We are also beginning to gain traction in ongoing alarm monitoring services which can provide and important source of future recurring revenue. The cannabis industry continues to grow and we intend to work diligently to build on our momentum in Colorado and other geographic regions in the country."