Cantronic Systems Inc.

Cantronic Systems Inc.

July 18, 2011 06:00 ET

Cantronic to Provide Commercial Building Security System for $4.5 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2011) - Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS)(PINK SHEETS:CRIXF) announced today that it has been awarded a contract to provide video security and protection systems in China's Jiangsu province totalling RMB 30 million (approximately Canadian $4.5 million). The project will begin in September 2011 with duration of one to two years. Cantronic will supply and install complete solutions that will integrate video surveillance with smart building systems, such as video intercom, access control and alarm monitoring. Cantronic will receive 10% of payment in advance with milestone payments to be made as the project progresses and 90% of payment to be received by the project completion date.

"This project award reflects our experience in providing video surveillance systems for China's booming commercial building market in addition to government contracts such as those provided under the nation-wide Safe City program. The payment terms will enable us to preserve working capital as Cantronic continues to grow its business of providing complete networked video surveillance system integration as well as OEM and ODM manufacturing of IP video cameras along with its proprietary software management platform," said James Zahn, President and CEO of Cantronic Systems Inc.

The Company website since the sale of the North American business in April 2011 is

About Cantronic Systems Inc.

Cantronic Systems Inc. manufactures, distributes, and provides training and services in the fields of IP- based networked video security surveillance technologies, specializing in networked video management software and video analytics, IP cameras, speed dome cameras, high definition video surveillance cameras and night vision surveillance systems for demanding security and surveillance applications.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO"), Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River") and Actiontop Electronics (Shenzhen) Co. Ltd. ("Actiontop") provides high-speed and 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 Cantronic China, please visit our websites at and

Forward-looking statements

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Cantronic Systems Inc. and the markets in which it operates. Forward-looking statements involve 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 said forward-looking statements.

Forward-looking statements include, but are not limited to: the completion of the Proposed Transaction, anticipated share capital following completion of the Proposed Transaction, expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as "plans," "expects" or "does not expect," "is expected," "budget," "scheduled," "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved."

Readers are cautioned not to place undue reliance on such forward-looking statements. Forward- looking information is provided as of the date of this news release, and Cantronic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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