SHENZHEN, China , Nov. 5 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. (" China Security" or the "Company") (NYSE: CSR), a leading provider of digital surveillance technology in China , announced recent developments from the company's participation in the 11th China Public Security Expo (CPSE) held Nov. 1-4 in Shenzhen, China .
The CPSE, a biannual event held in Shenzhen, China , is the largest and most comprehensive trade show in Asia devoted to security-related products and services with over 36,000 visitors and 2,100 booths.
China Security introduced its new Intelligent Video Surveillance System at the CPSE. The Intelligent Video Surveillance System is capable of detecting, tracking, recognizing, and providing real-time analysis of targets in a security zone, in effect replacing traditional passive surveillance with next generation active surveillance. Combined with its automatic alarm function, recording capability, and overall level of automation, the Intelligent Video Surveillance System is the perfect combination of artificial intelligence and computer vision.
The system, which was created through the joint efforts of China Security's Research Center, The Mobile Video Networking Research Center of Beijing University, and The National Key Lab of Multimedia at Wuhan University, has resulted in two recent contract wins for CSST, one for an "Intelligent Video Analyzing System" and the other for a "Face Recognition System."
Mr. Guo Shen Tu , Chief Executive Officer of China Security commented, "We continue to look for ways to enhance our services to ensure that our products are on the cutting edge of security surveillance and create new opportunities to drive future revenue growth. We are also very pleased with the contributing role of our R&D team in developing this exciting new intelligent video surveillance system."
Also at the CPSE, the Company announced that it has collaborated with San Jose , CA-based Techwell, Inc. (Nasdaq: TWLL), a leading designer of mixed signal video semiconductor solutions for the security surveillance, automotive, and consumer electronics markets, to help develop a line of advanced, embedded DVR platforms based on Techwell's highly integrated and feature rich TW2835 4 channel video and audio controller. With leading DVR and CCTV camera solutions, China Security has emerged as a leading supplier to China's rapidly growing video surveillance industry. Techwell demonstrated the TW2835 and other integrated security solutions at the 11th Annual China Public Security Expo.
"We are excited to partner with Techwell on our entire line of DVR platforms," said Richard Yung Chen , Vice President at CSST and General Manager of Wuhan Higheasy Technology. "We have worked with Techwell for a number of years and believe they provide the best video performance, the highest level of integration, and the lowest cost solution in the security surveillance industry. As we expand our business in China in 2008, we look forward to continuing to build our partnership with Techwell."
"CSST is becoming a major player in the China security surveillance market," said Darron Ma , President of Techwell China . "They have one of the broadest product lines of embedded and PC based DVRs in the market today and we are proud to be their supplier of choice for their entire line of DVR products. We look forward to working closely with CSST as they continue to drive their solutions in the market."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China , China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and a R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com .
Safe Harbor Statement
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .
For more information, please contact: Company Contact: Kewa Luo Tel: +1-212-588-0885 Email: [email protected] Investor Contact: ICR: Bill Zima & Ashley Ammon MacFarlane Tel: +1-203-682-8200SOURCE China Security & Surveillance Technology, Inc.
