OTI to receive $6.9 million contract to supply immigration system for Panama
US-based OTI announced that the Ministry of Public Security of Panama has awarded ita contract for the supply, design, installation and integration of systems to monitor and improve immigration verification processes and overall immigration flow.
OTI expects to recognize revenues of approximately $6.9 million, with the potential for additional revenue in future years from follow-on contracts.
The technology and integration within the OTI system enables a much more efficient and secure border control process that should reduce paperwork.
Original source: MarketWatch (press release)