Network Video Technologies (NVT) is a manufacturer of video transmission and power supply for analog and IP-based video surveillance equipment. NVT's presence in Asia spans back to the year 2000, and in 2008, NVT established a branch in Singapore. Early in 2002, NVT helped the Marina Bay Sands complete a project with 1,000 cameras using coaxial cables, which reduced total cost by 50 percent, without compromising video quality. Since then, it has taken a considerable market share for casino projects in the Asian region. Projects include the Marina Bay Sands in Singapore, other projects in Malaysia, Macau, Philippines, Vietnam, Japan, and South Korea. NVT works through distributors and channel partners for projects in different verticals. From time to time, NVT will work closely with specifiers, consultants, and certain end users with in-house designers to integrate NVT's products and develop world class surveillance systems with the lowest total cost of ownership and highest return on investment.
The company is doing remarkably well this fiscal year, having achieved sales to target of 120 percent this July, and is now aiming to achieve sales to target of 140 to 150 percent in Asia. Last year's growth was 43 percent. NVT's Asia revenue by breakdown is 70 percent casino, 10 to 15 percent airports, and the remaining 15 to 20 percent is comprised of banking, government, hospital, and others. Thailand is presently a new market for NVT and the company is primarily focusing on banking, rail, and industrial projects.