SoundThinking Expands ShotSpotter Coverage in Montevideo, Uruguay, Doubling Deployment Footprint
SoundThinking, Inc. (Nasdaq: SSTI) has announced a significant expansion of its ShotSpotter gunshot detection system in Montevideo, Uruguay. The Ministry of Interior for Uruguay has signed a 3-year contract to extend ShotSpotter's coverage by 12 square kilometers, effectively doubling its current footprint in the capital city.
This expansion follows the successful initial deployment of ShotSpotter in Montevideo in December 2023. The system has become a important part of Uruguay's strategy to combat gun violence. As part of this expansion, a localized Spanish-language version of the ShotSpotter InSight application has been introduced, potentially opening doors to other Spanish-speaking markets.
The contract not only highlights Uruguay's satisfaction with the initial deployment but also reflects SoundThinking's growing international presence, particularly in Latin America. This expansion demonstrates the company's commitment to enhancing public safety and saving lives through advanced technology.
SoundThinking, Inc. (Nasdaq: SSTI) ha annunciato un'importante espansione del suo sistema di rilevamento spari ShotSpotter a Montevideo, Uruguay. Il Ministero dell'Interno dell'Uruguay ha firmato un contratto di 3 anni per estendere la copertura di ShotSpotter di 12 chilometri quadrati, raddopiando di fatto l'area attuale nella capitale.
Questa espansione segue il successo della prima implementazione di ShotSpotter a Montevideo nel dicembre 2023. Il sistema è diventato una parte importante della strategia dell'Uruguay per combattere la violenza armata. Come parte di questa espansione, è stata introdotta una versione localizzata in spagnolo dell'applicazione ShotSpotter InSight, aprendo potenzialmente porte ad altri mercati di lingua spagnola.
Il contratto non solo evidenzia la soddisfazione dell'Uruguay per l'implementazione iniziale, ma riflette anche la crescente presenza internazionale di SoundThinking, in particolare in America Latina. Questa espansione dimostra l'impegno dell'azienda a migliorare la sicurezza pubblica e a salvare vite attraverso tecnologie avanzate.
SoundThinking, Inc. (Nasdaq: SSTI) ha anunciado una importante expansión de su sistema de detección de disparos ShotSpotter en Montevideo, Uruguay. El Ministerio del Interior de Uruguay ha firmado un contrato de 3 años para extender la cobertura de ShotSpotter en 12 kilómetros cuadrados, duplicando efectivamente su huella actual en la capital.
Esta expansión sigue al exitoso despliegue inicial de ShotSpotter en Montevideo en diciembre de 2023. El sistema se ha convertido en una parte importante de la estrategia de Uruguay para combatir la violencia armada. Como parte de esta expansión, se ha introducido una versión localizada en español de la aplicación ShotSpotter InSight, abriendo potencialmente las puertas a otros mercados de habla hispana.
El contrato no solo destaca la satisfacción de Uruguay con el despliegue inicial, sino que también refleja la creciente presencia internacional de SoundThinking, particularmente en América Latina. Esta expansión demuestra el compromiso de la empresa de mejorar la seguridad pública y salvar vidas a través de la tecnología avanzada.
사운드씽킹 주식회사 (나스닥: SSTI)는 우루과이 몬테비데오에서 샷스포터 총격 탐지 시스템의 중요한 확장을 발표했습니다. 우루과이 내무부는 3년 계약을 체결하여 샷스포터의 범위를 12제곱킬로미터로 확장하여 수도의 현재 범위를 사실상 두 배로 늘렸습니다.
이번 확장은 2023년 12월 몬테비데오에서 샷스포터의 초기 배치 성공에 이어 이루어졌습니다. 이 시스템은 우루과이가 총기 폭력을 퇴치하기 위한 전략의 중요한 부분이 되었습니다. 이 확장의 일환으로 스페인어로 현지화된 버전의 샷스포터 인사이트 애플리케이션이 도입되어 다른 스페인어 사용 시장에 대한 가능성을 열고 있습니다.
이 계약은 초기 배치에 대한 우루과이의 만족을 강조할 뿐만 아니라 사운드씽킹의 성장하는 국제적 존재감을 반영합니다. 이 확장은 첨단 기술을 통해 공공 안전을 향상하고 생명을 구하려는 회사의 헌신을 보여줍니다.
SoundThinking, Inc. (Nasdaq: SSTI) a annoncé une expansion significative de son système de détection des coups de feu ShotSpotter à Montevideo, Uruguay. Le ministère de l'Intérieur de l'Uruguay a signé un contrat de 3 ans pour étendre la couverture de ShotSpotter de 12 kilomètres carrés, doublant ainsi son empreinte actuelle dans la capitale.
Cette expansion fait suite au déploiement initial réussi de ShotSpotter à Montevideo en décembre 2023. Le système est devenu une partie importante de la stratégie de l'Uruguay pour lutter contre la violence armée. Dans le cadre de cette expansion, une version localisée en espagnol de l'application ShotSpotter InSight a été introduite, ouvrant potentiellement des portes à d'autres marchés hispanophones.
Le contrat met non seulement en évidence la satisfaction de l'Uruguay concernant le déploiement initial, mais reflète également la présence internationale croissante de SoundThinking, en particulier en Amérique latine. Cette expansion démontre l'engagement de l'entreprise à améliorer la sécurité publique et à sauver des vies grâce à des technologies avancées.
SoundThinking, Inc. (Nasdaq: SSTI) hat eine bedeutende Erweiterung seines ShotSpotter Schussdetektionssystems in Montevideo, Uruguay, angekündigt. Das Innenministerium von Uruguay hat einen 3-Jahres-Vertrag unterzeichnet, um die Abdeckung von ShotSpotter um 12 Quadratkilometer zu erweitern, wodurch die aktuelle Reichweite in der Hauptstadt praktisch verdoppelt wird.
Diese Erweiterung folgt auf die erfolgreiche erste Implementierung von ShotSpotter in Montevideo im Dezember 2023. Das System ist zu einem wichtigen Bestandteil der Strategie Uruguays geworden, um die Waffengewalt zu bekämpfen. Im Rahmen dieser Erweiterung wurde eine lokalisierte spanische Version der ShotSpotter InSight-Anwendung eingeführt, die potenziell den Zugang zu anderen spanischsprachigen Märkten öffnet.
Der Vertrag hebt nicht nur die Zufriedenheit Uruguays mit der anfänglichen Implementierung hervor, sondern spiegelt auch die wachsende internationale Präsenz von SoundThinking wider, insbesondere in Lateinamerika. Diese Erweiterung zeigt das Engagement des Unternehmens, die öffentliche Sicherheit zu erhöhen und Leben durch fortschrittliche Technologie zu retten.
- Expansion of ShotSpotter coverage in Montevideo, doubling the deployment footprint
- 3-year contract signed with Uruguay's Ministry of Interior
- Successful initial deployment leading to expansion decision
- Introduction of localized Spanish-language version of ShotSpotter InSight application
- Growing international presence, particularly in Latin America
- None.
Insights
The expansion of ShotSpotter coverage in Montevideo represents a significant growth opportunity for SoundThinking. Doubling the deployment footprint in a major international market demonstrates strong product validation and potential for further expansion. The 3-year contract provides stable, recurring revenue and enhances the company's international presence.
The localized Spanish-language version of ShotSpotter InSight is a strategic move, opening doors to other Spanish-speaking markets in Latin America. This could lead to accelerated growth in the region, diversifying SoundThinking's revenue streams beyond its primary U.S. market.
However, investors should note that international expansions often come with challenges such as regulatory hurdles and geopolitical risks. The impact on SoundThinking's financials may be in the short term, given the company's
The expansion of ShotSpotter in Montevideo signifies a growing acceptance of gunshot detection technology in law enforcement strategies outside the United States. Uruguay's decision to double the coverage after less than a year of initial deployment suggests strong performance and tangible benefits in addressing gun violence.
This success story could serve as a powerful case study for SoundThinking to attract other international clients, particularly in regions facing similar public safety challenges. The endorsement from Uruguay's Minister of the Interior adds credibility to ShotSpotter's effectiveness.
From a public safety perspective, the expanded coverage should lead to faster response times and more accurate localization of gunshot incidents, potentially reducing gun violence and improving community safety. This positive impact could further enhance SoundThinking's reputation and drive adoption in other cities and countries.
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
astewart@soundthinking.com
Investor Relations Contacts:
Matt Glover and Greg Bradbury
Gateway Group, Inc.
+1 (949) 574-3860
SSTI@gateway-grp.com
Ankit Hira and Sean Daly
Solebury Strategic Communications
+1 (203) 546-0444
ahira@soleburystrat.com
FAQ
What is the new contract between SoundThinking and Uruguay's Ministry of Interior for ShotSpotter (SSTI)?
When was ShotSpotter (SSTI) initially deployed in Montevideo, Uruguay?
What new feature has SoundThinking (SSTI) introduced for the Spanish-speaking market?
How does the ShotSpotter expansion in Montevideo affect SoundThinking's (SSTI) international presence?
