FLIR Sees Growth Possibilities with LOREX Acquisition

FLIR Systems has just announced a decision to acquire LOREX Technology, based in Toronto. FLIR expects to pay a cash value of $1.30 per share (CDN).

In an interview with Andy Teich, president of FLIR, the acquisition follows an already determined strategy for the company to enrich the use of thermal imaging in the security camera business.

Teich said that LOREX and its enterprise-brand camera line, Digimerge, will be the next-generation thermal product, expecting sales to be about a half-million in 2013. The LOREX brand also makes sense as homeowners are now expecting more in home security and may want to explore the thermal product.

“Thermal offers a 24/7 imaging product,” Teich said. “We also believe this will work well in camera analytics on visual imaging. Thermal looks the same, day or night, and is unaffected by the sun’s rays.”

As the cost of thermal imaging on cameras drop in price, more people are inclined to shop for the thermal products, Teich said.

While not necessarily a well-known industry name, Teich said the LOREX brand will be brought to the industry in hopes it can leap frog the better known enterprise players, and make itself a wider known industry solution in the future.

About the Author

Ralph C. Jensen is the Publisher of Security Today magazine.

Featured

  • It's Show Time

    I am one of those people that likes to see things get bigger and better. As advertised, ISC West is going to be bigger (more exhibitors) and better (more attendees). It’s show time in Las Vegas. Read Now

    • Industry Events
    • ISC West

  • SIA Releases New Report on Operational Security Technology

    The Security Industry Association (SIA) has released an impactful new resource – Operational Security Technology: Principles, Challenges and Achieving Mission-Critical Outcomes Leveraging OST. Read Now

  • Cyber Overconfidence Is Leaving Your Organization Vulnerable

    The increased sophistication of cyber threats pumped by the relentless use of AI and machine learning brings forth record-breaking statistics. Cyberattacks grew 44% YoY in 2024, with a weekly average of 1,673 cyberattacks per organization. While organizations up their security game to help thwart these attacks, a critical question remains: Can employees identify a threat when they come across one? A Confidence Gap survey reveals that 86% of employees feel confident in their ability to identify phishing attempts. But things are not as rosy as they appear; the more significant part of the report finds this confidence misplaced. Read Now

  • Mission 500 Debuts Refreshed Identity Ahead of Security 5K/2K at ISC West

    Mission 500, the security industry’s nonprofit charity dedicated to supporting children in need across the US, Canada, and Puerto Rico, has unveiled a refreshed brand identity ahead of ISC West. The charity’s new look includes a modernized logo with refined messaging to reinforce Mission 500’s nearly decade-long commitment to serving the needs of children and families in crisis. Read Now

    • Industry Events
Most   Popular

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.