$DIRV New business announcements suggest DIRV gain
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DIRV has issued multiple announcements citing new business wins in the last several months. The company reported new deals in the education sector from a Texas college and New York City private school and reported that it anticipated to sign a seven-digit master sales contract with Mission Foods providing extensive surveillance and access solutions for the company's new logistics facility outside of Dallas, TX. Additional recent sales highlights of note include a new $150,000 video security contract for a premiere New York City hotel. In its announcement, DIRV management noted that the deal may be a harbinger of future business in the sector, stating that many hotel owners in New York City are opting to overhaul their existing and outdated security and surveillance systems. We note the hotel sector has been a source of strength in the past for DIRV, which counts Marriott, Trump Hotels, and Hilton among past installations.
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