Cantronic
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 demanding homeland security and surveillance application.
See more information about Cantronic
Cantronic Systems to take majority stake in Chinese security systems company AVINFO
TSX Venture listed Cantronic Systems Inc said it entered into a binding agreement to buy a 58.6 percent stake in Beijing Advanced VideoInfo Technology Co Ltd. (AVINFO) in Beijing, China, for approximately CDN$1.7 million in cash.
The stake will be transferred to the group’s Shanghai based subsidiary Cantronic Security Systems (China) Co Ltd, it said in a statement.
Established in 2002, AVINFO is a profitable digital video platform provider for medium to large-scale networked video surveillance applications, with revenues of CDN$4.9 million in 2007.
Cantronic will also issue up to approximately CDN$1.2 million worth of stock to AVINFO management and management consultants under an earn-out performance based arrangement.
AVINFO's patented proprietary software, products and services compliment Cantronic's patented infrared camera technology and business model. AVINFO's technology platform is a mission critical component of China's ‘Safe City’ projects, which endorses video surveillance across various towns and cities to monitor and control crime, violence and terrorism on a full-time basis, Cantronic added.
