Targeted Strategies for Today's Evolving Markets

MissionIR Blog

MDI Inc. (MDII) to Fulfill 6 New Orders from Almana Networks for Middle East Projects

MDI Inc. (Nasdaq: MDII) today announced its subsidiary, MDI Security Systems (MDI), has received six orders this month from international technology solutions integrator Almana Networks to fulfill a $5 million product revenue commitment between the Almana and MDI.

MDI and its subsidiaries have delivered security technology, training, and related products and services to government, homeland security, commercial and educational markets for more than 28 years. MDI’s Middle East office in Doha, Qatar, provides Almana and its physical security with sales support, sales engineering support, system design services and security consulting.

Almana is forecasting a record year because of its new, large-construction projects in Doha. The company expects a 300 percent growth in overall sales in 2008, a large part of which is expected to come from security technology products and security systems in the multi-story high-rise in Doha, one of the fastest-growing cities in the world.

MDI provides integrated access control, perimeter intrusion and video surveillance for the Al Fardan BMW National Workshop in Khalifa; integrated access control and video surveillance for Al Fardan’s National Pre-Delivery Inspection Facility at Industrial City; and a complete digital video surveillance system for the Al Fardan Jewelry Center.

“We have had a multitude of security vendors attempting to sell us their point products,” Ebrahim Mattar, director of IT for the Al Fardan Group stated in the press release. “We have chosen MDI and Almana Networks because they offer a complete solutions approach that fits our enterprise needs across all our holdings. The team is consulting and designing systems with us hand in hand, which demonstrates a high project success rate in our experience. Because of this, we are considering working with them across the Gulf Region.”

Almana and MDI have additional projects in the pipeline, including a 46-story office building and recreation center, a 64-story residential tower, and a large-scale 32-unit compound.

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *