Taipei, Taiwan - VIVOTEK today announced sales results for 2012, reporting revenue exceeding USD100 million for the year, the highest in company history. Net sales in local currencies increased by 16% compared to 2011.
Spurred by rising security concerns due to the threat of terrorism and other factors, the IP surveillance industry has seen significant growth. In addition, advances in technology, such as higher resolution, improved video quality, greater storage capacity and improved network communications, are also driving growth. All industry research reports project that the IP surveillance industry continue a strong annual growth rate in the upcoming years.
VIVOTEK, since its inception, has focused on the core strengths of R&D investment, sales service, marketing communications and technical support, earning recognition as one of the most valued and trustworthy brand to partners in the global IP surveillance market. Moreover, by focusing on the philosophy of integrity, care and innovation, VIVOTEK has built a close relationship with a strong network of customers, partners and employees. Relying on these core strengths and philosophy, VIVOTEK is capable of delivering cutting-edge products and technology to meet market needs and drive sales performance throughout the globe. It is worth mentioning that VIVOTEK maintains business growth in the European market despite the economic recession in this region in the past few years.
VIVOTEK Chairman Owen Chen has stated, "Looking back at our sales performance and achievements in developing innovative technologies, 2012 was without a doubt another successful and significant year for VIVOTEK. Our revenues in local currencies increased over 16% year-over-year, and we are bullish about our prospects this year with our excellent R&D capabilities, strong product portfolio, and expanding global reach. VIVOTEK remains steadfastly dedicated to our customers to address their needs and, together, we make the world a safer place."