March Networks Expands in Southeast Asia with Strategic Partnership
Source: Mara Meroni
Date: 2011/06/29
March Networks Expands in Southeast Asia with Strategic Partnership
OTTAWA, ONTARIO, June 29, 2011 –– March Networks? (TSX: MN), a global provider of intelligent IP video solutions, today announced a strategic partnership with Milcon Gulf Group to aggressively address growing demand for video surveillance solutions in Southeast Asia and select countries in the Middle East. The partnership marries March Networks’ strengths providing scalable, high-performance systems to leading financial institutions, government organizations and remote critical infrastructure operators worldwide with Milcon Gulf’s proven success in large-scale infrastructure installations in those regions.
Milcon Gulf Group is a privately-held conglomerate focused on international projects in high-growth sectors including banking and finance, government, aerospace, energy and telecommunications. The organization’s long-standing relationships with leading systems integrators, as well as key government and business decision-makers, make it an ideal expansion partner in Southeast Asia, where the video surveillance equipment market is expected to be worth more than $600 million by 2015, according to IMS Research. In addition, its established operations augment March Networks’ existing business activities in the Middle East, where demand for video surveillance is also on the rise.
“We are pleased to be working with March Networks, given their proven ability to provide highly-reliable IP video solutions that can be centrally managed and scale to support large, multi-site deployments,” said Safdar Quraeshi, CEO, Milcon Gulf. “Our customers are looking for high-performance, but also innovation and intelligent applications that make it easier for them to secure their assets and operate more efficiently. March Networks meets all of those requirements, and we anticipate aggressive growth leading with their solutions over the next six to twelve months.”
“Expansion into Southeast Asia is an important element of our growth strategy,” said Peter Strom, President and CEO, March Networks. “Milcon Gulf has well-established relationships throughout the region and will be instrumental in opening up opportunities in the banking and commercial sectors.”
About Milcon Gulf Group
The Milcon Gulf Group, through its subsidiaries and projects in the Asia Pacific Region, the Middle East and North America, is recognized as world class group dedicated to providing international solutions that successfully meet the challenges presented by today’s increasingly competitive global business environment. Through its continued commitment to innovative strategies for developing the business opportunities of today and beyond, Milcon Gulf Group expects to play an increasingly important role in major business projects worldwide. The Milcon Gulf Regional Office for Asia Pacific is situated in the Republic of the Philippines and is fully accredited by the Securities and Exchange Commission (SEC) and the Board of Investments (BOI) as a Regional Office of a major multinational company. It is a member of the Philippine Association of Multinational Companies Regional Headquarters Inc. (PAMURI), the business association representing the major multinational companies operating in the Asia Pacific Region. PAMURI represents companies from 31 nations, including leading international banks and fortune 500 companies.
About March Networks
March Networks? (TSX:MN) is a leading provider of intelligent IP video solutions. For more than a decade, the company has helped some of the world’s largest commercial and government organizations transition from traditional CCTV to advanced surveillance technologies used for security, loss prevention, risk mitigation and operational efficiency. Its highly scalable and easy to use Command? video management platform incorporates a web-based client interface to enable rapid system deployment and complete system control. It is complemented by the company’s portfolio of high-definition IP cameras, encoders, video analytics and hybrid recorders, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network in more than 50 countries. For more information, please visit www.marchnetworks.com.
Forward-Looking Statements
This release contains certain forward-looking information, including expectations of future business. This information is based on the Company’s current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks’ control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks’ public filings with regulatory authorities in Canada. March Networks assumes no obligation to － these forward-looking statements as a result of new information or future events.
*MARCH NETWORKS, March Networks Command and the MARCH NETWORKS logo are trademarks of March Networks Corporation. All other trademarks are the property of their respective owners.
MEDIA INQUIRIES:
Erica Miskew
March Networks
+1 613.591.8228 x5760
emiskew@marchnetworks.com
INVESTOR INQUIRIES:
Ken Taylor
March Networks
+1 613.591.8181
ktaylor@marchnetworks.com
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