ICx Technology Acquires Video Analytics Leader PureTech Systems; Now ICx Vision Systems
Acquisition to bring advanced video analytics products, PureActivTM and Scene AnalyzerTM, into expanding ICx Technology security platform.
WASHINGTON (Mar. 4, 2008) – ICx Technologies (NASDAQ:ICXT), a developer of advanced sensor technologies for homeland security, force protection and commercial applications, announced today that it has acquired Phoenix-based PureTech Systems, a firm specializing in video analysis technologies for wide area surveillance. The division will now be known as ICx Vision Systems.
ICx offers a strong line of products, such as thermal cameras, surveillance radars and access control devices, which help secure critical assets and reduce the vulnerability of individuals and buildings from intrusion threats. ICx intends to incorporate ICx Vision Systems products and technologies into existing product lines, as well as into current and future research and development projects, in order to provide customers a completely integrated solution.
"We are excited to be part of the growing ICx team," said Larry Bowe Jr., president of ICx Vision Systems. "We are already starting to leverage our products' technology with existing ICx products and systems to give our customers an even higher level of protection."
ICx Vision Systems' products include its PureActivTM wide-area surveillance system, which combines a simple point-and-click camera control with alarm management and video analytics to create a user-friendly, map-based command and control system. It also brings its Scene AnalyzerTM perimeter device to the ICX portfolio. This is a video-based solution that can transform "normal" security cameras into smart sensors, while still managing the installation challenges associated with limited bandwidth or harsh environmental conditions.
"ICx Vision Systems specializes in advanced video analytics technology and command and control features that use technologies based on Geographical Information Systems (GIS)," said Doug Knight, ICx Senior Vice President. "By integrating PureActiv with the ICx CameleonTM VMS and StarwatchTM ACS/IDS systems, all developed using a .NET architecture, ICx has a state-of-the-art SMS and C2 platform that creates interoperability with ICx- and third-party sensors for CBRE and wide area surveillance."
ICx will be displaying its newly acquired capabilities in booth 17087 at ISC West, one of the top security trade shows in the U.S. It will be held at the Sands Convention Center in Las Vegas from April 2–4, 2008.
About FLIR Systems
FLIR Systems, Inc. is a world leader in the design, manufacture, and marketing of sensor systems that enhance perception and awareness. The Company’s advanced thermal imaging and threat detection systems are used for a wide variety of imaging, thermography, and security applications, including airborne and ground-based surveillance, condition monitoring, research and development, manufacturing process control, search and rescue, drug interdiction, navigation, transportation safety, border and maritime patrol, environmental monitoring, and chemical, biological, radiological, nuclear, and explosives (CBRNE) detection. Visit the Company's web site at www.FLIR.com.
The statements in this release by Earl R. Lewis, and the other statements in this release about the award described above, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the following: the ability to manufacture and deliver the systems referenced in this release, changes in demand for the Company's products, product mix, the timing of deliveries under the award discussed above, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, the ability of the Company to manufacture and ship products in the time period required, actual purchases under agreements, the Company's continuing compliance with U.S. export control laws and regulations, the timely receipt of export licenses for international shipments, the continuing eligibility of the Company to act as a federal contractor, and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.
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Media Contacts
Angel Bennett
FLIR, Systems, Inc.
2800 Crystal Drive, Suite 330
Arlington, VA 22202
angel.bennett@flir.com