PHILADELPHIA & PARIS--(BUSINESS WIRE)--Citilog, a world leading provider of intelligent real time video monitoring and surveillance solutions for traffic, transportation, security and safety management, today announced revenue of five million Euros for its fiscal year books closed March 31, 2008, resulting in a positive earnings before interest and taxes (EBIT).
“We were able to achieve our goal of strong financial growth thanks to the strategic development of our indirect distribution network abroad,” commented Christian Girardeau, CEO of Citilog. “In 2008, orders taken and achievements have risen by more than 100% in Asia – including major successes in China. We’ve also seen strong growth and success from our USA subsidiary, with product implementations in Florida and with the complete coverage of tunnels in Boston. Combining these results with other recent successes, such as in Madrid, Spain and the M30 project as well as the A86 project in the Paris area, we have demonstrated a worldwide ability to effectively manage large-scale deployments. Furthermore, these deployments included successfully supporting our worldwide ecosystem of partners and system integrators.”
Citilog’s Korean, Chinese and American distributors and integrators have commented on the company’s flexible and portable software solution capable of running on any platform and how it yields the ability for low-cost deployments and maintenance. Mr. Lee Young Ho, Project Development Team Manager at RITCO in Seoul, and Mr. Moon Hak Yong, Senior Researcher at the Institute of Construction and Transportation of Korea (KICT), have expressed that Citilog’s solutions are ideally “just a click away from easy maintenance.”
“From Shanghai to New York, this strategic direction has given Citilog a major competitive advantage in terms of total operating cost, compared to all its competitors, and simplicity in installation for our partners and integrators,” added Girardeau.
For ten years Citilog has been recognized worldwide for the quality of its products in the field of Automatic Incident Detection. Citilog’s product line has been expanded this year by the launch of its anti-intrusion detection software-based product, MediaIntruder™. MediaIntruder features a technological breakthrough for the company, based on technology from INRIA, a French public scientific and technological research agency reporting to the ministries of Research and Industry. In cooperation with Keeneo, a French company specializing in video analytics, the technology aided Citilog in recently winning a deployment in Greece for the rehabilitation of the large Bridge Rion. The implementation was done with partner Nessie, a subsidiary of the Vinci Group, to replace a competing system. The Citilog system is much better suited for the detection of pedestrians.
“This dramatic growth also deserves the credit of excellent support from our major shareholders including the Caisse des Depots (CDC-Innovation) and TECHFUND,” added Girardeau. “It is also a tribute to the commitment of our staff throughout the world. We bring to our customers a brand of continuity and stability which guarantees better service over the long term. With this continued support we can continue to provide a strong outlook in Asia where the market has started this year with exponential growth of more than 80 percent again this year. We’ve also entered new territories with our technology due to strong upcoming partnerships with Chinese companies like Huawey and ZTE.”
Citilog is a world leading provider of intelligent real time video monitoring and surveillance solutions. Citilog’s suite of software-based products provide instant incident detection to enable proactive rapid responses that aid in minimizing risk and losses in operations or security. The company’s products enable immediate and efficient traffic, safety and/or security management of roadways, tunnels, bridges, intersections, as well as for facilities or transportation resources such as, airports, railways and sea ports where criminal or other security threats exist. Products are deployed at some of the world’s best known landmarks such as, the Lincoln and Holland tunnels in New York; Lupu, NanPu and Yanpu bridges in Shanghai, China; M30 Madrid tunnels in Madrid, Spain; the Mont-Blanc tunnel spanning France and Italy and dozens of other locations. A privately held company, Citilog is based in Paris, France with international offices in the USA and Hong Kong. More information is available at http://www.citilog.com.
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