IndigoVision, a manufacturer of IP video security solutions announced an increase in worldwide revenues at the same time increasing engineering spend by a third over the same period. The company, in its results for the year ending July 2010, reported an increase in total product revenues of 6 percent to a record $44.5 million and operating profits down by 6 percent to $4.9 million.
The increasing spend on R&D has resulted in a number of product launches in the last year. Two new HD models have been added to the company's increasing popular range of network cameras. The HD PTZ dome and HD fixed camera are be deployed around the world, delivering excellent video quality and low bandwidth compared to traditional megapixel cameras. Another major product release was the next generation of green NVRs, which deliver increased performance and resilience, with reduced energy consumption. The company has also developed further integration modules, which allow interfacing to third-party systems across an IP network.
As part of its continued commitment to open standards IndigoVision demonstrated at a number of trade shows a technology preview of security management software, displaying live video from ONVIF-compliant network cameras.
IndigoVision has continued to be strong with transport infrastructure projects. Major airport projects were completed in Shanghai and rail projects delivered in UK, Brazil, Canada and Finland. Other strong sectors for the company's IP video solution have been law enforcement, government and banks.