For ITII shareholders, like myself, there is a VERY encouraging article in the August issue of Security Technology and Design magazine. The article was contributed by STAT Resources,Inc., which is a well-respected market research/consulting group, that is quite active in analyzing trends in the security industry. The name of the article is "Wireless: Definetly a Bull Market".
If anyone would like me to fax the full article, e-mail me at Chad@Ultrak.com.
Amoung the highlights:
Lead Paragraph: " The worldwide market for wireless security and premise control devices is heating up rapidly. With wireless devices finding their way into society in a myriad of new ways, people are exposed to the benefits that wireless technology can bring"....
..." other factors drive the argument for wireless ever more firmly into consideration for its value as a timesaver and as a problem solver. With trained service and technical help in much shorter and shorter supply, the promise that wireless devices hold for ease of installation continues to attract industry professionals looking for new ways of ensuring consistent high-quality installations.
System integrators will say that much of their risk at installation involves labor overages. Labor almost never comes in under budget. So, whiole hardware costs can be estimated reasonably accurately, labor estimates cause continual headaches. An ideal wireless system could help to ease those headaches, since installation requirements are much more predictable."
The last paragraph starts by mentioning suppliers (no specific company names are noted) which are introducing complete wireless systems based on greatly improved designs that "fulfill the goal for wireless components that can be seamlessly intermixed with hard wired devices in hybrid configurations that are totally transparent to users." (can you say QuickBridge Loop Receiver?). The article ends, " We can expect these new systems will play a significant and substantially increasing role in security and building management systems installation in the next several years."
Smack-dab in the middle of the page is a graph titled " Total US Wireless Component Market Electronic Security and Related ($ Millions; Ex Factory). The #s are as follows:
Year $ Millions
1997: $300
1998: $350
1999: $410
2000: $475
2001: $550
2002: 600+
Although the article does not mention any companies by name, the implications for ITII are clear: opportunities abound, not only in the US but worldwide.
As I have stated on this thread, time and time again, ITII IS A KEEPER. They own the best technology in this segment of the market and management is top-notch.As tempting as it is to sell, don't do it. ITII will keep shareholders smiling for years to come!
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