MultiVision Acquires US-Based Acqis' Surveillance Business;
Eyes Global Mobile Surveillance Market
- Buys surveillance business from
California-based Acqis Technology Inc. for US$750,000;
- Gains free access to Acqis' seven
US patents to strengthen mobile surveillance capabilities;
- Targets potentially US$450
million addressable market for police and security
SINGAPORE, 27 May 2004 - MultiVision
Intelligent Surveillance Limited ("MultiVision")
announced today a significant acquisition of the surveillance
business from a US-based Company that will allow its
highly integrated digital video surveillance products
and solutions to beam back surveillance data and images
wirelessly from moving vehicles.
Singapore Exchange Main Board-listed
MultiVision announced today the acquisition of surveillance
business (including perpetual access and existing clientele)
from California-based Acqis Technology Inc ("Acqis"),
a leading innovator for modular computer systems, for
The acquisition will enhance MultiVision's
technology portfolio with unlimited access to the seven
US patents for the iMod and iSat systems from Acqis
and offer significant opportunities to leverage the
systems, especially for security surveillance in the
transportation industry. This acquisition will also
provide savings for MultiVision as Acqis is an OEM supplier
for NetServer Smart, an existing mobile surveillance
product with wireless communication capabilities offered
In the US, four of MultiVision's NetServer
Smart systems are now mounted on police patrol cars
in Shaler town in Allengheny County, State of Pennsylvania
for the purpose of collecting visual data as evidence.
This pilot project is closely monitored by the state
government for application for other local police forces.
Similarly in the UK, a pilot programme involving 20
police cars fitted with the intelligent surveillance
systems has also been rolled out. The systems with built-in
support for car plate recognition will automatically
match the video image of the car plate license captured
with the database of record and alert the police on
locating suspected vehicles. The systems also enable
the police to capture video images of the vehicles while
on the chase. The onboard database can be frequently
updated either via the docking stations in the headquarters
or downloaded wirelessly on the move.
There are presently an estimated 400,000
police cars in the US and the global addressable market
for mobile surveillance systems is estimated to reach
US$450 million in two years.
"This growth is expected to continue
as we have witnessed the increasing deployment of mobile
surveillance systems in police cars, buses, trains,
trucks and airplanes. The MultiVision Mobile Systems
Division is posed to capture this demand for surveillance
solutions," said President and Chief Operations
Officer, Mr. Dennis Li.
Mr. Li said: "A good modular
computing system with intelligent surveillance capabilities
makes up the heart of a highly integrated mobile surveillance
system. Our strategic acquisition brings together the
essential components for a single purpose of mobile
The acquisition, which was completed
recently, will form MultiVision Mobile Systems. The
new Division will fuel the expansion in the mobile surveillance
arena with strong technology expertise and product portfolios
including patents for leading edge mobile computing
technologies, critical for mobile surveillance solutions.
More importantly, this transaction will springboard
marketing efforts in the US for the enlarged group.
This acquisition will be fully funded
by MultiVision's internal cash reserves.
### end of release ###
About NetServer Smart
The NetServer Smart is MultiVision's mobile surveillance
solution comprising of two components: a removable cartridge
computer (iMod) and a small docking station (iSat).
The iMod is the smallest form factor currently available
in the market that is highly mobile with ease of maintenance
and use. The iMod operates on 12 volt direct current
(DC) and can be docked in different types of docking
stations. The NetServer Smart can connect up to eight
cameras and the recorded images can be streamed "live"
from location or downloaded via a docking station for
The iSat is specifically designed for the mobile environment
with special considerations for heat and anti-vibration
issues. It is the smallest PC-based system that can
run enterprise surveillance software in the mobile space.
The NetServer Smart is protected by
seven patents covering various aspects of the design,
construction, data security, network communication and
use of the modular computer system.
Headquartered in Mountain View, California, USA, Acqis
was established in 1998 and has developed the highly
portable, one-pound computer module called iMod, a modular
server computer that embodies computing power, main
memory, storage and operating system software of a high-powered
server computer into a small, removable modular form
(iMod) that can be inserted into desktop base stations
and portable AC-powered satellite stations (including
Intelligent Surveillance Limited
(Bloomberg: MVIS SP EQUITY/ Reuters: MVIS SI)
Headquartered in Hong Kong, MultiVision was established
in 1986 and is a technology-based company principally
engaged in the design, development and distribution
of digital video surveillance products and solutions.
The Company's products are adapted for use in a diverse
range of industries including banking, residential,
commercial, utilities, healthcare and transportation,
as well as various government agencies. The end users
of MultiVision's products include companies in both
the private and public sectors. MultiVision is ISO9001
MultiVision's products and solutions
are marketed to distributors, OEMs of surveillance products
and systems integrators for integration into the security
and surveillance systems of its end-users. The Company's
principal markets are in Australia, Hong Kong, Taiwan
and the PRC. MultiVision has 27 distributors in various
countries and/or places such as Hong Kong, Taiwan, Macau,
the PRC, Thailand, Malaysia, Singapore, Indonesia, Australia,
New Zealand, Israel, Ghana, The Middle East, Ireland,
UK, Latvia and the USA.
The MultiVision range of digital video
surveillance products offers digital video recording
and real time monitoring of multiple locations from
a central monitoring centre through the routing of signals
from various cameras to a central monitoring centre.
For financial year ended 31 March 2004, the Company
recorded an increase of 35% increase in turnover to
HK$129.0 million, and an increase of 49% in net profit
to HK$37.6 million.
For further information, visit
Information I Investor
Relations I Products
I Customer Care I News
I Demonstration I Partners
I Contact Us I Dealer