VIVOTEK, distributed locally by Hills, has reported total sales revenue of $US111 million between January and November 2015, an 8.93 percent increase over the same period in 2014, and has announced plans to continue growing in 2016.
Gross profit margins for the first, second, and third quarters of 2015 were 44 per cent, 43 per cent, and 44 per cent, respectively.
In 2016 Vivotek plans to continue growing through a strategy stressing product diversification, service localization, and global partnership. In terms of product diversification, the company plans to offer more cutting-edge products for customers from different markets.
With compression technology gaining further importance in the era of high-definition video, Vivotek will widen its H.265 line by adding an IR speed dome camera, a panoramic fisheye camera, and new H.265-compatible NVRs.
Vivotek will continue to optimize its Smart Stream II technology, which, when combined with H.265 products, enables bandwidth and storage space reduction by as much as 80 per cent compared to H.264. Further, Vivotek’s mobile app enables monitoring and control from anywhere with any device.
Meanwhile, for the retail and transportation verticals, the company plans to roll out intelligent IP cameras that can, when combined with software on the backend, provide detailed analysis of data to help users achieve better security and business optimization.
For small and medium businesses, there will also be a launch of cameras that are high-quality and competitively priced. ♦