Avigilon (TSX:AVO) today announced the release of its HD Bullet series, cameras designed to capture detail in complete darkness using adaptive infrared illumination.
Avigilon says the The outdoor cameras, which will be available in one megapixel through five megapixel resolution, can see see facial detail two times farther than average bullet cameras.
Rick Ramsay, senior product manager at Avigilon, described the market for the product: “Being able to identify faces in the dark is a huge advantage when securing your business and protecting your people,” he said. “Organizations around the world operate 24 hours a day. They need discreet, high-definition surveillance that provides business intelligence and protection to operate efficiently, regardless of the time of day.”
Founded in 2004, Vancouver’s Avigilon, which designs and sells next-generation surveillance systems, IPO’d on the TSX last year and has more than doubled in price since.
Management says the surveillance market is fragmented because to date there has been no integrated supplier of equipment, meaning the majority of end users do not have high definition systems due to compatibility issues and a lack of industry standards. Avigilon allows clients operating mission critical environments such as prisons and casinos to install a high def system that is reliable as analog, and has the added benefit of providing video resolution that is standing up in courtrooms, which reduces legal costs.
Avigilon has sold over 210,000 camera and software licenses that have been installed at more than 12,000 customer sites. Early in November, Avigilon reported its Q3, 2012 numbers. The company earned $2.16-million on revenue was $25.5-million, which was a 69% increase over the same period last year.
Avigilon says the new cameras will be available starting in January of next year. At press time, shares of the company were down .1% to $11.88.