COPPELL, Texas--(BUSINESS WIRE)--IDIS, South Korea’s largest surveillance manufacturer, announced today that the company has received two esteemed World Class Product of Korea awards from the Ministry of Trade Industry and Energy (MOTIE) and the Korean Trade-Investment Promotion Agency (KOTRA).
The annual program evaluates Korean companies and their global exports from across an array of industry sectors, including ship building, plastics, petrochemicals, electronic goods, and security products, among many others. For any given product to be selected, the global market needs to exceed $50M and be twice the size of the Korean domestic market, with exports accounting for more than 30% of the same product sold in Korea. In addition, total Korean sales of that product must be ranked top five in terms of global market share and in 2015, sales of Korean IP dome cameras and network video recorders (NVRs) ranked fifth in the world, with more than five percent market share, qualifying them to be evaluated within this highly-respected awards program.
Each company is appraised by its relevant industry association, where the findings are then presented to MOTIE and KOTRA for final evaluation. IDIS and other Korean surveillance manufacturers were judged using stringent criteria by a panel of experts from the Korean Electronics Association (KEA) over the course of many weeks. In addition to financial data, the judges also looked for assurance of product quality, reliability, technical capabilities, and marketability. IDIS proved, based on 2015 financial data, that export sales of both its IP dome cameras and DirectIP™ NVRs, met the benchmark of more than $5M of global exports annually.
Joon Jun, President of the Global Business Division, said, “Our level of exports clearly demonstrates that customers around the world recognize and appreciate the quality and reliability of IDIS products. This recognition really cements the fact that IDIS has grown to become a true global player in the world security market. IDIS recently kicked off its 20th anniversary and celebrated two decades of innovation at Intersec in Dubai, UAE, and these awards clearly demonstrate why IDIS has been at the forefront of surveillance for over 20 years. We fully intend to continue that trend through our commitment to research and development and by remaining first to bring new technologies and products to market.
"I’d like to take this opportunity to thank KEA, MOTIE, and KOTRA for their partnership approach and to all the judges for their time spent in evaluating IDIS and its products as well as all the other Korean companies involved."
To learn more about IDIS and its Total Solution, visit www.idisglobal.com, and to follow all of the 20th anniversary events, visit www.idisglobal.com/idis20. ISC West attendees will have the opportunity to see these award-winning and other IDIS innovations in action at the IDIS booth #18059 April 5-7, 2017.