artec technologies - Positioning for growth
artec recorded a strong 2018, with revenues doubling to €2.9m and the group returning to a small profit. It received a number of important reference orders over the year, which adds impetus to marketing and boosts the potential for future growth. In addition, early this year a major US competitor, Verizon Digital Media Services (VDMS), unexpectedly said it was exiting the market. This provides additional possibilities for artec if VDMS’s European customers (Volicon Observer product) are interested in an alternative supplier. 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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