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    SoundThinking Expands ShotSpotter Coverage in Montevideo, Uruguay, Doubling Deployment Footprint

    10/21/24 8:30:00 AM ET
    $SSTI
    Computer Software: Prepackaged Software
    Technology
    Get the next $SSTI alert in real time by email

    Summary: SoundThinking, Inc. today announced a 3-year agreement with the Ministry of Interior of Uruguay to double ShotSpotter's coverage in Montevideo, expanding its gunshot detection system coverage by an additional 12 square kilometers.

    BOSTON, Oct. 21, 2024 (GLOBE NEWSWIRE) -- IACP – SoundThinking, Inc. (NASDAQ:SSTI), a leading public safety technology provider, today announced a major expansion of its ShotSpotter gunshot detection system in Montevideo, Uruguay. The Ministry of Interior for the Oriental Republic of Uruguay has signed a 3-year contract to extend ShotSpotter's coverage by 12 square kilometers, doubling its current footprint in the capital city.

    This expansion builds upon the successful initial deployment of ShotSpotter in Montevideo and underscores the Ministry's confidence in ShotSpotter's proven ability to enhance public safety and save lives. Since its original deployment in December 2023, ShotSpotter has become a vital component of Uruguay's comprehensive strategy to address gun violence, prompting the decision to expand coverage.

    "We are pleased to extend our partnership with SoundThinking to further enhance public safety in Montevideo," said Nicolás Martinelli, Minister of the Interior of Uruguay. "ShotSpotter has delivered positive results since its initial deployment, and we believe this expansion will strengthen our ability to protect our citizens in communities similarly affected by gun violence."

    The contract expansion not only highlights Uruguay's successful initial deployment but also reflects SoundThinking's growing momentum internationally. Importantly, a localized Spanish-language version of the ShotSpotter InSight application has been rolled out and provides a foundation for other Spanish-speaking markets.

    "We are excited to deepen our collaboration with Uruguay's Ministry of Interior and to see further deployment of ShotSpotter in Montevideo," said Ralph Clark, CEO of SoundThinking. "This expansion demonstrates our shared commitment to making cities safer and saving lives. It also marks another significant milestone in SoundThinking's growth across Latin America, where our advanced technology is being trusted to address critical public safety challenges."

    To learn more about SoundThinking's full range of public safety technologies, please visit www.SoundThinking.com.



    Safe Harbor Statement

    This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the expansion of ShotSpotter's coverage in Montevideo and the impact on the ability to protect citizens, and SoundThinking's growth internationally. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the company's control. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to the effective use of the company's technology and achieving its intended benefits, as well as other risk factors included in the company's most recent annual report on Form 10-K and quarterly report on Form 10-Q and other Securities and Exchange Commission filings. These forward-looking statements are made as of the date of this press release and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

    About SoundThinking

    SoundThinking, Inc. (NASDAQ:SSTI) is a leading public safety technology company that delivers AI- and data-driven solutions for law enforcement, civic leadership, and security professionals. SoundThinking is trusted by approximately 250 customers and has worked with over 2,100 agencies to drive more efficient, effective, and equitable public safety outcomes. The company's SafetySmartTM platform includes ShotSpotter®, the leading acoustic gunshot detection system; CrimeTracerTM, the leading law enforcement search engine; CaseBuilderTM, a one-stop investigation management system; ResourceRouterTM, software that directs patrol and community anti-violence resources to help maximize their impact; SafePointe®, an AI-based weapons detection system; and PlateRanger powered by Rekor, a leading ALPR solution. SoundThinking has been designated a Great Place to Work® Company.

    Company Contact:

    Alan Stewart, CFO

    SoundThinking, Inc.

    +1 (510) 794-3100

    [email protected]

    Investor Relations Contacts:

    Matt Glover and Greg Bradbury

    Gateway Group, Inc.

    +1 (949) 574-3860

    [email protected]

    Ankit Hira and Sean Daly

    Solebury Strategic Communications

    +1 (203) 546-0444

    [email protected]



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    Q&A

    New
    • What is the primary focus of the recent agreement between SoundThinking and the Ministry of Interior of Uruguay?

      The main objective of the agreement between SoundThinking, Inc. and the Ministry of Interior of Uruguay is to expand the ShotSpotter gunshot detection system in Montevideo by an additional 12 square kilometers, effectively doubling its current coverage in the capital.

    • What results led to the decision to expand ShotSpotter's coverage in Montevideo?

      ShotSpotter has been successfully implemented in Montevideo since its initial deployment in December 2023, contributing positively to public safety and prompting the decision for its expansion.

    • What does the contract expansion signify for SoundThinking's business strategy beyond Uruguay?

      In addition to the expansion of ShotSpotter, the agreement indicates SoundThinking's increasing presence and growth trajectory in international markets, particularly in Latin America.

    • What is the significance of rolling out a Spanish-language version of the ShotSpotter InSight application?

      The localized Spanish-language version of the ShotSpotter InSight application will enable better accessibility and support for Spanish-speaking markets, which can foster further expansion opportunities.

    • What type of solutions does SoundThinking, Inc. provide in the public safety sector?

      SoundThinking, Inc. is a public safety technology provider that offers a variety of AI- and data-driven solutions to support law enforcement and enhance public safety outcomes.

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