Chicago Signs $23 Million Multi-year Agreement With Shotspotter to Extend Gunshot Detection Coverage Into Next Decade
ShotSpotter, Inc. (SSTI)
Last shotspotter, inc. earnings: 2/18 04:05 pm
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ir.shotspotter.com
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Source: GlobeNewswire
NEWARK, Calif. , Sept. 05, 2018 (GLOBE NEWSWIRE) -- ShotSpotter, Inc. (Nasdaq: SSTI), the leader in gunshot detection solutions that help law enforcement officials identify, locate and deter gun violence, today announced it has signed a new, multi-year contract with the city of Chicago for active coverage areas that span 12 police districts and total over 100 square miles. The contract is for a minimum of three years with options to extend up to five years. The contract value of the three-year agreement is $23 million and could increase depending on future extensions and/or coverage area expansions. Last May, Chicago law enforcement officials reported that ShotSpotter had contributed to reductions in gun violence in the city and announced an expansion of its gunshot detection coverage area. With the recent expansion and the newly signed contract, Chicago has become ShotSpotter’s largest customer. “This contract represents a huge vote of confidence in ShotSpotter from the city of
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SSTI
Earnings
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SSTI
Sec Filings
- 4/5/24 - Form SC
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- 4/3/24 - Form 4
- SSTI's page on the SEC website