Revenues for the first quarter of fiscal 2017 decreased 39% to $6.6 million as compared to $10.9 million in the first quarter of fiscal 2016. The $4.3 million decrease in the current quarter included a $3.0 million, or 35%, decrease in sales in the Americas market and a $1.3 million, or 56%, decrease in EMEA market sales. Revenues weakened across all market segments due principally to a continuing reliance on legacy product offerings and the continuing market effects of previously reported camera line issues. Order intake for the current quarter decreased $5.9 million to $5.8 million as compared to $11.7 million in the first quarter of fiscal 2016.
Although Avigilon Corporation (AVO.TO) recently reported their financial results for the six months ending June 30, 1016, it hasn’t been well received for the Toronto-based security solutions provider. In order to achieve those record revenue figures, the company had to slash prices on many of its popular products. This means much lower operating margins and their earnings per share are half of what they were last year. Much of this is in direct response to Chinese companies, such as Hikvision and Dahua, taking a larger share of the market with a low-price strategy. Therefore, Avigilon has had to make some significant price adjustments to remain a market contender.
Exacq Technologies, part of the Security Products business unit of Tyco, introduces faster camera discovery and VideoPush to mobile devices with exacqVision 6.8 and automatic backup of recorder configurations in Enterprise System Manager (ESM), a health monitoring program for use with exacqVision Enterprise network video recorders (NVRs).
Logan City in South East Queensland, Australia recently opened a $1.3 million CCTV surveillance center that uses facial recognition technology to monitor troublemakers, criminals, and burst water mains, according to a report by The Register. Over the past decade, the program has expanded from nine CCTVs to more than 300. The system operates on the Teleste video management system, which is also being used in Paris and Sweden, as well as in Austria’s national transport and roadways.
OnSSI announces a new addition to the CALA sales team with the hiring of Eduardo Valotta as Regional Manager for Brazil. Eduardo is a seasoned professional with extensive experience in strategic security sales and business development and has been involved in several high profile integrated physical security installations throughout Brazil.
Oncam Grandeye, the security division of Oncam Technologies, announced that IBS-Mapei, a leading manufacturer of adhesive and chemical products for the construction industry, has deployed Oncam Grandeye’s 360-degree surveillance platform to ensure compliance with health and safety regulations.
Synectics’ Synergy command and control platform – including Synergy 3 – is now fully integrated with Vemotion’s video acquisition and streaming solutions. The announcement is good news for councils and other public space bodies looking to benefit from wireless and deployable surveillance solutions that were previously impossible or costly to implement due to non-existent or poor fibre network provision.
Yes, in most places you really do need to take an exam to be a Security Guard. Throughout Canada and the United States, Provinces and States are requiring those who wish to work as a Security Guard to take a course and pass a licensing examination before being permitted to work as a Security Guard.
Three-quarters of 16- to 24-year-olds are ready to ditch passwords in favor of biometric security measures such as facial recognition, fingerprint, and retina scanning research has revealed. In a survey of over 2,000 UK adults commissioned by Visa Europe, 76 percent said they would feel comfortable making a payment using biometric security and 69 percent believe this would make their lives faster and easier. Take the SecurityHive.com Poll Question on this at the end of the article.
Building on an already robust commitment to the Middle East and North Africa regions, IDIS announced the appointment of a new General Manager and Regional Sales Manager with dedicated Middle East responsibilities, and touted the opening of the IDIS Middle East headquarters in Dubai’s Silicon Oasis. IDIS made the announcements at Intersec 2015 at the Dubai International Convention and Exhibition Centre.