Total : 11 View more »
VANCOUVER, BRITISH COLUMBIA, Nov 23, 2009 (Marketwire via COMTEX) --
Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) is pleased to provide business update as well as revenue guidance on our third quarter revenues.
Update on China Growth Strategy implementation
Cantronic has continued its China based growth strategy by successfully integrating its two acquisitions. In addition, Cantronic Security (a wholly owned subsidiary of Cantronic) is now bidding on new Security and Video Surveillance Systems projects as a primary contractor since being awarded a National Level Class 1 Construction and Installation license for Security and Protection Systems in China. As a result of the acquisitions and the award of a National Level Class 1 Construction and Installation license, Cantronic can now offer networked video surveillance software, IP based network cameras, as well as fully integrated networked video surveillance system solutions to a growing list of Government and corporate customers in China.
Update on Cantronic North American business
In North America, Cantronic focuses primarily on the high end thermal imaging camera business. Our popular fever scan thermal scanners have received strong customer acceptance around the world and demand continues to strengthen as the world prepares itself against the spread of the H1N1 flu and various other potential influenza strains. Many countries are quickly making fever detecting thermal scanners required equipment for airports, border crossings, schools and other key public facilities.
Revenue Guidance for Q3
Cantronic's revenue for the quarter ended October 31, 2009 totalled between $4.5 and $5.0 million, with revenue from China accounting for more than 60% of the total revenue. Detailed financial results will be released during the second half of December.
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.
SOURCE: Cantronic Systems Inc.
Cantronic Systems Inc. Susan Liu CFO 866.391.6970 x 269 Email: sliu@cantronics.com Website: www.cantronics.com
Tags: accounting acquisition beijing business china construction contractor corporate distributor financial results government homeland security manufacturer manufacturing medical north america revenue securities security software technology training video
Companies: Cantronic Systems Inc (CRIXF), Cantronic Systems Inc (CTS)
VANCOUVER, BRITISH COLUMBIA, Nov 23, 2009 (MARKETWIRE via COMTEX) --
Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE: CTS) is pleased to provide business update as well as revenue guidance on our third quarter revenues.
Update on China Growth Strategy implementation
Cantronic has continued its China based growth strategy by successfully integrating its two acquisitions. In addition, Cantronic Security (a wholly owned subsidiary of Cantronic) is now bidding on new Security and Video Surveillance Systems projects as a primary contractor since being awarded a National Level Class 1 Construction and Installation license for Security and Protection Systems in China. As a result of the acquisitions and the award of a National Level Class 1 Construction and Installation license, Cantronic can now offer networked video surveillance software, IP based network cameras, as well as fully integrated networked video surveillance system solutions to a growing list of Government and corporate customers in China.
Update on Cantronic North American business
In North America, Cantronic focuses primarily on the high end thermal imaging camera business. Our popular fever scan thermal scanners have received strong customer acceptance around the world and demand continues to strengthen as the world prepares itself against the spread of the H1N1 flu and various other potential influenza strains. Many countries are quickly making fever detecting thermal scanners required equipment for airports, border crossings, schools and other key public facilities.
Revenue Guidance for Q3
Cantronic's revenue for the quarter ended October 31, 2009 totalled between $4.5 and $5.0 million, with revenue from China accounting for more than 60% of the total revenue. Detailed financial results will be released during the second half of December.
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.
TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.
Contacts: Cantronic Systems Inc. Susan Liu CFO 866.391.6970 x 269 Email: sliu@cantronics.com Website: www.cantronics.com
SOURCE: Cantronic Systems Inc.
mailto:sliu@cantronics.com http://www.cantronics.com
Tags: accounting acquisition beijing business china construction contractor corporate distributor email financial results government homeland security manufacturer manufacturing medical north america revenue securities security software technology training video
Companies: Cantronic Systems Inc (CRIXF), Cantronic Systems Inc (CTS)
TORONTO, ONTARIO, Nov 17, 2009 (Marketwire via COMTEX) --
Cantronic Systems Inc. (TSX VENTURE:CTS) ("Cantronic") and GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of $1,000,000. The net proceeds of the Loan shall be used to fulfill new contract orders and general working capital purposes.
"Throughout 2009, Cantronic has continued to achieve new corporate milestones in terms of contract announcements, increasing international market share for its products and posting year-over-year growth in quarterly sales. We are pleased to be able to provide the current financing to Cantronic and are looking forward to working with Cantronic to further finance Cantronic's growth," said Global Capital's C.E.O., Jason Ewart.
The six-month Loan bears interest at 12% per annum, compounded and payable monthly. As additional consideration for providing the Loan, Global Capital was issued 200,000 common shares of Cantronic and paid a $10,000 structuring fee. The common shares issued pursuant to the Loan will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation.
About Cantronic Systems Inc.
Cantronic 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 homeland security and surveillance applications.
Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its feverscan 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 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 their websites at www.cantronics.com and www.qwip.com.
About Global Capital
Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global's website at www.gcglobalcapital.ca.
SOURCE: Cantronic Systems Inc.
Cantronic Systems Inc. Susan Liu Chief Financial Officer (604) 516-6667 ext. 269 sliu@cantronics.com www.cantronics.com
Tags: bank beijing biotechnology china contract corporate distributor finance financial services gasoline government homeland security legislation manufacturer manufacturing medical mining oil products real estate retail sales securities security technology training video
Companies: Cantronic Systems Inc (CRIXF), Cantronic Systems Inc (CTS)
TORONTO, ONTARIO, Nov 17, 2009 (MARKETWIRE via COMTEX) --
Cantronic Systems Inc. (TSX VENTURE: CTS) ("Cantronic") and GC-Global Capital Corp. (TSX VENTURE: GDE.A) ("Global Capital") are pleased to announce the completion of a secured loan (the "Loan") in the principal amount of $1,000,000. The net proceeds of the Loan shall be used to fulfill new contract orders and general working capital purposes.
"Throughout 2009, Cantronic has continued to achieve new corporate milestones in terms of contract announcements, increasing international market share for its products and posting year-over-year growth in quarterly sales. We are pleased to be able to provide the current financing to Cantronic and are looking forward to working with Cantronic to further finance Cantronic's growth," said Global Capital's C.E.O., Jason Ewart.
The six-month Loan bears interest at 12% per annum, compounded and payable monthly. As additional consideration for providing the Loan, Global Capital was issued 200,000 common shares of Cantronic and paid a $10,000 structuring fee. The common shares issued pursuant to the Loan will be subject to resale restrictions for a period of four months from the closing date under applicable securities legislation.
About Cantronic Systems Inc.
Cantronic 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 homeland security and surveillance applications.
Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its feverscan 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 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 their websites at www.cantronics.com and www.qwip.com.
About Global Capital
Global Capital is a merchant bank, which provides bridge loan services, to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit Global's website at www.gcglobalcapital.ca.
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.
Contacts: Cantronic Systems Inc. Susan Liu Chief Financial Officer (604) 516-6667 ext. 269 sliu@cantronics.com www.cantronics.com
SOURCE: Cantronic Systems Inc.
mailto:sliu@cantronics.com http://www.cantronics.com
Tags: bank beijing biotechnology china contract corporate distributor finance financial services gasoline government homeland security legislation manufacturer manufacturing medical mining oil products real estate retail sales securities security technology training video
Companies: Cantronic Systems Inc (CRIXF), Cantronic Systems Inc (CTS)
Total : 33 View more »
Coreco Imaging's Vision Technology Chosen for SARS Screening Montreal, Quebec (May 8, 2003) – Coreco Imaging, a leading developer of high-performance machine vision products, announced today that the company’s joint effort with Cantronic Systems, Inc.
http://www.machinevisiononline.org/public/articles/articlesdetails.cfm?id=1587
ISC365 - Cantronic Systems DNC-50D The DNC-D Series integrated day/night infrared cameras are Cantronic's newest additions to our line of security surveillance products. These camera sy
http://products.isc365.com/avcat/CTL3516/index.cfm?mlc_id=3640&pin_id=3516&prodid=352594
ISC365 - Cantronic Systems IRD-230 The IRD-230 Super IR Dome is a high speed, low-light, color day/night camera ideal for discrete surveillance of commercial facilities. With fast trace
http://products.isc365.com/avcat/CTL3516/index.cfm?mlc_id=3640&pin_id=3516&ProdID=352547&mlc_id=3640
ISC365 - Cantronic Systems TR4000 Model TR4000 is a very high sensitivity infrared imaging camera using an InSb or MCT 320x256 IRFPA detector operating in the middle infrared wavelengt
http://products.isc365.com/avcat/CTL3516/index.cfm?mlc_id=3640&pin_id=3516&prodid=352544
Total : 6 View more »
Cantronic Systems Inc. Announces Recent Safe City Contract Wins Of RMB5.6 Million in China - VANCOUVER, BRITISH COLUMBIA, Oct 20, 2009 (Marketwire via COMTEX) --
http://www.zibb.com/all/theme/cq/Cantronic+Systems+Incorporated
Additionally Cantronic Systems incorporated is working on its long distance illuminator. Their CCTV products are often plug and play making them user friendly.
Additionally cantronic systems incorporated is working on its long distance illuminator. Their products are plug and play making them user friendly.
http://www.cctvsecuritycamera.org/cantronic-systems-cctv-infrared.html
Build A Premium Website for $4.75 That Looks Like a $2000 Pro Site! ... Cantronic Systems Incorporated (5) Corus Group Plc (10) Extreme CCTV Incorporated (351)
http://www.zibb.com/construction/interstitial/products/Construction_Construction+Site