Access control and asset management products manufacturer International Electronics Inc. has been seeing strong business this fourth quarter of its fiscal year.
The company reported that it had seen a second consecutive quarter of record profits, and an increase in net sales. With sales of $3.6 million in its fourth quarter (which ended on Aug. 31), the company saw an increase of 23 percent over sales from the same quarter a year earlier. Those sales flipped the company from seeing a net loss of almost $690,000 in the fourth quaret 2004 to a profit of just over $40,000 for Q4 2005.
The company is known in security and access control circles for its Door-Gard standalone keypads and its eMerge browser-driven security program.
According to International Electronics President and CEO John Waldstein, the company is looking to the future with the IP-based eMerge system.
"The eMerge products are attractive to end users as well as our dealer base because of its embedded software, integrated applications, including access control, video and alarms, its lower cost of ownership and support and its standard Ethernet based protocols," explained Waldstein in a prepared statement about the company's financisl. "We see more and more dealers embracing this product and this direction."
