Infinova IPO Brings $300M through Chinese Stock Exchange

  • Jan 06, 2011

Shares of Infinova, a video surveillance systems manufacturer, were successfully listed on the Chinese Stock Exchange on Dec. 24, 2010, according to a report from the company.

Infinova will use the (US) $300 million to grow both organically and through acquisitions. As of Jan. 6, the company's market value is (US) $1.2 billion. The company is headquartered in Monmouth Junction, N.J.

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," said Jeffrey Liu, Ph.D., 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 IPO proceeds also will help Infinova expand its global vision, advance global marketing and strengthen the brand. In parallel, the company will enhance research and development to bring more new video breakthroughs.

For many years, the company has delivered core equipment for video control rooms, megapixel, IP and analog surveillance cameras, specialized cameras, fiber optic communications products and customized systems to 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, and Melbourne's West Gate Bridge (Australia).

Featured

Most   Popular

New Products

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure.

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.