MONMOUTH JUNCTION,
New Jersey, USA - January 6, 2011 - Infinova today announced that shares of
Infinova, one of the world's leading video surveillance systems manufacturers,
were successfully listed on the Chinese Stock Exchange on December 24, 2010.
Infinova will use the (US) $300 million to grow both organically and through
acquisitions. As of today, the market value of Infinova is (US) $1.2 billion.
With company headquarters in Monmouth Junction, New Jersey, in the United States,
the Initial Public Offering (IPO) was placed on the Chinese Stock Exchange because
it is one of the top IPO markets globally. PricewaterhouseCoopers expects to
see (US) $60 billion raised in China in 2011.
"We look forward to
strengthening our global position as the integrator's manufacturer," avows
Dr. Jeffrey Liu, Infinova CEO. "As a result of this IPO, Infinova can even
better support our integrators and partners by delivering video systems that
meet their customers' business needs."
The (US) $300 million proceeds
from the IPO will help Infinova to expand its global vision, advance global
marketing and strengthen the Infinova brand. In parallel, Infinova will enhance
research and development to bring more new video breakthroughs. Through organic
growth and acquisitions, Infinova business is expected to expand explosively.
For many years, Infinova
has delivered core equipment for video control rooms, megapixel, IP and analog
surveillance cameras, specialized cameras, fiber optic communications products
and customized systems to high profile customers throughout the world. Some
major projects include the Port of Miami, the Panama Canal, Romania's Petromidia
refinery, the Bangalore (India) toll surveillance system, the Abu Dhabi National
Exhibition Centre (ADNEC), Kuwait International Airport, the 2010 Asian Games,
Chile's private jail system, Shanghai 2010 World Expo, the Los Angeles MTA,
Melbourne's iconic West Gate Bridge (Australia) and many others.
"By leveraging our
manufacturing process, certified to ISO 9001:2008 standards, and with over 290
R&D engineers creating a list of video industry firsts, our channel partners
can continue to expand their businesses knowing that we will respond,"
asserts Liu.
More information on Infinova
video surveillance solutions is available at www.infinova.com.