OTTAWA , July 18 /PRNewswire-FirstCall/ - March Networks(TM) (TSX:MN; AIM:MNW), a leading provider of IP-based video surveillance solutions, announced today that a progressive financial services institution in Latin America has standardized on the company's digital video software and systems for deployment across more than 350 retail banking locations. The company expects the systems to be deployed across all locations during the first quarter of its current fiscal year.
The financial institution's banking branches are located within retail stores and provide credit, personal loans, and other financial services to consumers. Many of the sites also include automated teller machine (ATM) services.
The institution is using the March Networks solution to enhance customer and staff safety, deter crime, and ensure that high quality video evidence is available for review following security incidents. The solution includes enterprise-level video management platforms and supports advanced applications, such as ATM and teller transaction data integration. It also meets the bank's requirements for video recording and live alarm monitoring.
"We continue to secure new business in the vibrant Latin American market, capitalizing on the investment made in the region over the past year," said Peter Strom , President and CEO, March Networks. "The company's success in this market is based on the strength of our solutions and our proven experience working with banking customers throughout the region. We are committed to growing our presence in Latin America and expect further successes in the months to come."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of innovative video and data applications used for security surveillance, monitoring, analysis and business optimization. The company's software and IP-based hardware solutions allow businesses to increase operational efficiencies, address risk, and manage assets with an integrated set of video-based intelligence tools and business intelligence applications. The ISO 9001:2000 certified company serves the needs of leading financial institutions, retailers, transportation authorities, commercial/industrial organizations and government/homeland security agencies in approximately 50 countries. For more information, please visit www.marchnetworks.com.
Forward-Looking Statements
This release contains certain forward-looking information, including expectations of future business. This information is based on the company's current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond March Networks' control. Actual results could differ materially from those expressed in any forward-looking statements due to factors such as customer demand and timing of purchasing decisions, increased levels of competition, technological changes and the successful development of new products, dependence on third-party manufacturers, risks relating to intellectual property infringement claims, and other risks and factors identified in March Networks' public filings with regulatory authorities in Canada . March Networks assumes no obligation to update these forward-looking statements as a result of new information or future events.
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SOURCE MARCH NETWORKS CORPORATION
