Cantronic Systems Inc.
TSX VENTURE : CTS

Cantronic Systems Inc.

November 23, 2009 07:45 ET

Cantronic Systems Inc. Provides Business Update and Q3 Revenue Guidance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2009) - Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) is pleased to provide business update as well as revenue guidance on our third quarter revenues.

Update on China Growth Strategy implementation

Cantronic has continued its China based growth strategy by successfully integrating its two acquisitions. In addition, Cantronic Security (a wholly owned subsidiary of Cantronic) is now bidding on new Security and Video Surveillance Systems projects as a primary contractor since being awarded a National Level Class 1 Construction and Installation license for Security and Protection Systems in China. As a result of the acquisitions and the award of a National Level Class 1 Construction and Installation license, Cantronic can now offer networked video surveillance software, IP based network cameras, as well as fully integrated networked video surveillance system solutions to a growing list of Government and corporate customers in China.

Update on Cantronic North American business

In North America, Cantronic focuses primarily on the high end thermal imaging camera business. Our popular fever scan thermal scanners have received strong customer acceptance around the world and demand continues to strengthen as the world prepares itself against the spread of the H1N1 flu and various other potential influenza strains. Many countries are quickly making fever detecting thermal scanners required equipment for airports, border crossings, schools and other key public facilities.

Revenue Guidance for Q3

Cantronic's revenue for the quarter ended October 31, 2009 totalled between $4.5 and $5.0 million, with revenue from China accounting for more than 60% of the total revenue. Detailed financial results will be released during the second half of December.

About Cantronic Systems Inc.

Cantronic Systems Inc. manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.

Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its fever scan thermal imaging camera systems which has been widely deployed in public facilities such as airports, railway stations, and border crossings worldwide during the SARS (Avian/Bird Flu) outbreak in 2003 as well as during the Swine (H1N1) Flu pandemic in 2009.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO") and Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River"), provides digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at www.cantronics.com and www.qwip.com.

Safe Harbor Statement

The Securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Forward-looking statements contained in this press release involves known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Cantronic to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements.

TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.

Contact Information