VideoIQ announces record revenues

BEDFORD, Mass., Aug. 3 /PRNewswire/ -- VideoIQ, the leader in video surveillance innovation, announced today a record first half of 2010 with more than double the revenue of the first half of 2009. VideoIQ also acquired a record number of customers, ending the period with more than three times the customers as the same time a year ago. VideoIQ's growth was fueled by significant adoption of two new product lines, the iCVR Dome Cameras and iCST family of cameras and encoders, as well as a strong interest in the iCVR-HD High Definition line of cameras complete with full 1080p/30fps resolution, full megapixel analytics and up to half a terabyte of onboard NVR storage, scheduled for availability in late Summer 2010.

Highlights from the first half of 2010 include:

Customer Acquisition

During the first half of 2010, VideoIQ's impressive customer list continued to grow at record pace resulting in triple the number of customers from a year ago. Growth was experienced in all major markets including financial services, critical infrastructure, municipalities, utilities, ports, high-end retail, K-12, universities and high residences in both the North American and international markets. First half customer highlights include major competitive wins and replacements in critical infrastructure, housing authorities and gated communities.

The iCVR Line of Dome Cameras

VideoIQ launched a complete line of iCVR dome cameras, building on the success of VideoIQ's iCVR box cameras and encoders. With up to a half terabyte of intelligent, onboard NVR storage within each camera, iCVR dome cameras eliminate the need for expensive centralized storage -- reducing deployment costs, system complexity, infrastructure, time and resources. Additionally, VideoIQ's embedded, adaptive analytics automatically calibrate in minutes, allowing iCVR dome cameras to deliver superior real-time threat detection with category leading accuracy and range.

The iCST Line of Streaming Cameras and Encoders

During the first half of 2010, VideoIQ also launched the iCST line of streaming cameras and encoders, designed for use in environments with central storage and third party video management systems. With VideoIQ's embedded, adaptive analytics, iCST cameras and encoders automatically calibrate in minutes, delivering superior real-time threat detection while reducing installation time, resources, complexity and cost. By delivering real-time alerts, iCST cameras and encoders allow operations to rapidly assess and mitigate security threats before incidents occur -- preventing loss. The iCST line of streaming cameras and encoders include IP66 outdoor and indoor dome cameras, a traditional box camera for specialty lenses and housings, as well as a single channel encoder for use with any analog or specialized cameras including thermal and PTZs.

iCVR-HD Line of High Definition, Full 1080p/30fps Cameras

VideoIQ also introduced the new iCVR-HD line of revolutionary dome cameras during the first half of 2010 that deliver full 1080p resolution and frame rate, zero bandwidth high definition recording, full megapixel analytics and support for IQTrack(TM) - automatic digital PTZ zoom and track.

iCVR-HD cameras deliver full megapixel analytics with more than two times the range of D1 analytics. Additionally, with a wider field of view and higher resolution than standard resolution cameras, VideoIQ's iCVR-HD cameras allow operators to capture greater detail and track objects for longer periods of time, delivering better context and perspective on suspicious behavior. Finally, VideoIQ's award winning adaptive analytics are 100 percent self-calibrating, delivering category leading accuracy with no manual tuning during installation or over the life of the device.

Unlike conventional megapixel cameras, VideoIQ's iCVR-HD cameras store full 1080p video in up to a half terabyte of onboard NVR storage for months worth of recording, eliminating the need to stream high-resolution images across a network to a central NVR -- reducing network traffic and bandwidth consumption by more than 90 percent. As a result, iCVR-HD cameras simplify infrastructure dramatically, and can be deployed in environments that are impractical for conventional megapixel cameras, including mixed IT networks, wireless networks, and WAN deployments.

GSA Schedule 84 Inclusion

During the first half of 2010 VideoIQ announced inclusion of VideoIQ's entire line of video surveillance systems in the General Services Administration (GSA) Schedule 84 including iCVR dome cameras, iCVR encoders, iCST cameras, iCST encoders and View, an advanced video management system. The GSA Schedule Program offers government agencies a simplified process for obtaining the latest information technology quality products and services, fast and cost-efficient ordering convenience, and most-favored customer pricing. Schedule 84, specifically, authorizes state and local governments to purchase from GSA alarm and signal systems, facility management systems, firefighting and rescue equipment, law enforcement and security equipment, marine craft and related equipment, special purpose clothing, and related services.

"The first half of 2010 represents another record for VideoIQ," said Scott Schnell, president and CEO, VideoIQ. "We have seen continued adoption of our line of innovative iCVR cameras and encoders -- delivering true real-time threat detection that is accurate in all weather conditions and simple to install and maintain. And in the second half of 2010, we look forward to the launch of our high definition line of cameras that consume 90 percent less bandwidth than traditional high definition and megapixel cameras, deliver more than twice the analytic range of any D1 product, and include months of onboard storage -- a product we are confident will further revolutionize the high-definition and megapixel markets."