artec technologies - New strategy is beginning to deliver
artec returned to the black in H118 as revenues more than doubled. The results reflect the impact of the three significant contract wins announced earlier this year. These wins came in the wake of the 2016/17 period that artec spent modernising its software platform and the strong momentum has been continuing, with further new business added in recent weeks in the public sector security segment. If management can sustain the momentum, we believe there is significant upside in the shares.Artec Technologies AG is a Germany-based company engaged in the development, production and sale of software solutions and complete systems in the field of digital technology. The Company operates through two segments: Video Security Technology and Media and Broadcast. The Video Security Technology segment develops MULTIEYE product and system solutions for video surveillance and security systems at airports, banks, museums, shopping centers, car parks, railway stations logistic centers, as well as private and industrial facilities. The Media and Broadcast segment offers product and system solutions for the transmission, recording and replay of television (TV), video and radio broadcasts via network or the Internet, including Internet Protocol television (IPTV).
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