VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 5, 2010) – Cantronic Systems Inc. (“Cantronic” or the “Company”) (TSX VENTURE:CTS) 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 US$1.3 million. These orders are major breakthrough for Cantronic to enter emerging countries such as India and Indonesia.
These thermal imaging cameras represent the high end of the Cantronic product offering and will help Cantronic to grow its business globally.
“We are pleased to break into a major emerging market like India after a couple of years persistent efforts in the country,” noted James Zahn, Cantronic’s President and CEO. “With increased levels of security awareness and high growth economies, we expect India and Indonesia to become two important markets for our products. Receiving these orders will allow us to position ourselves early in these potentially huge markets. We are pleased to report that these sales combined with our US$ 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.”
About Cantronic Systems Inc.
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 has 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 US subsidiary QWIP Technologies, Inc. (“QWIPTECH”), 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.
Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at www.cantronics.com and www.qwip.com.
Safe Harbor Statement
The Securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Forward-looking statements contained in this press release involves known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Cantronic to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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