Cantronic Expands into Emerging MarketsJanuary 6, 2010
The company has received sales orders from India and Indonesia for its state-of-the-art thermal imaging camera systems, totaling $1.3 million.
VANCOUVER, BRITISH COLUMBIA /Marketwire/ -- Cantronic Systems Inc. is pleased to announce new sales orders for 30 sets of its state-of-the-art thermal imaging camera systems from India and Indonesia, with a total order amount of approximately $1.3 million. The orders are major breakthrough for Cantronic to enter emerging countries such as India and Indonesia.
The thermal imaging cameras represent the high end of the Cantronic product offering and will help Cantronic to grow its business globally.
"We are pleased to break into a major emerging market like India after a couple of years persistent efforts in the country," noted James Zahn, Cantronic's President and CEO. "With increased levels of security awareness and high-growth economies, we expect India and Indonesia to become two important markets for our products. Receiving these orders will allow us to position ourselves early in these potentially huge markets. We are pleased to report that these sales, combined with our $2.6 million order from SELEX, announced on July 7, 2009, our increasing sales in China announced on July 14, 2009, and the 28 camera orders announced on November 2, 2009, will all contribute to strong revenue growth for Cantronic."
Cantronic Systems Inc. manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low-light infrared-sensitive CCD cameras, and long-range night vision surveillance systems for demanding homeland security and surveillance application.
Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its fever scan thermal imaging camera systems, which have been widely deployed in public facilities, such as airports, railway stations, and border crossings worldwide, during the SARS (Avian/Bird Flu) outbreak in 2003, as well as during the Swine (H1N1) Flu pandemic in 2009.
Cantronic, through its U.S. subsidiary QWIP Technologies Inc., holds a worldwide, exclusive license from the California Institute of Technology (Caltech) to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.
Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. (AVINFO), and Shenzhen Huanghe Digital Technology Co. Ltd. (Yellow River), provides digital networked video surveillance solutions to government and corporate customers in China.
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