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Lattice Technology Praised by Law Enforcement Agencies for Investigative Capabilities and Security FeaturesGrowing Demand for Nexus Technology in Corrections Market Reflected in 106% Q1 Growth for Lattice (May 22, 2012)
PENNSAUKEN, NJ -- (Marketwire) -- 05/22/12 -- Lattice Incorporated (OTCBB: LTTC), a provider of advanced information and communications technology solutions to the corrections industry and key government agencies, announced today that its Communications Services division, Lattice Secure Communications, is installing its corrections technology system for call management and secure communications for an additional 824 beds in South Dakota.
Pennington County Chief Deputy Willie Whelchel said, "The primary reason why the Sheriff's Office selected Lattice as the County's inmate phone service provider was the increased investigative possibilities utilizing cutting edge technology. This will enable additional security and protection for the citizens of Rapid City and the surrounding area," Whelchel said.
Lattice CEO Paul Burgess said, "Lattice is building an impressive reputation of providing high quality service and our superior Nexus technology platform is winning praise from law enforcement agencies in our installed base. Our Nexus Investigator technology can serve and support many county and state agencies all from a single platform to provide efficiency and cost savings. These significant technology differentiators and positive referrals from current users are adding to our growth momentum and ultimately helped us win the contract award at Pennington County jail.
"We've just reported that first quarter revenues in our Secure Communications business increased 106% from the prior year level. This growth was driven by increasing the number of inmates utilizing our direct service, and reflects a strong demand for our Nexus technology platform in the corrections market," Burgess said.
About Lattice Incorporated
Lattice Incorporated is a provider of advanced information and communications technology solutions to the government and commercial markets. The company's Lattice Government Services division designs, deploys and manages advanced technological solutions at key government agencies and for mid- to large-sized enterprises. The company's Lattice Secure Communications division provides core proprietary platforms that develop customized software applications with military grade security for markets including correctional facilities that require highly secure solutions. For more information, visit http://www.latticeinc.com.
Investment profile about Lattice: http://www.hawkassociates.com/lttcprofile.aspx.
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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.
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