Citilog Reveals Strong Financial Results for Period Ending March 31, 2008 Resulting from Strong International Development Strategy Fueling Growth in Asia and USA.PHILADELPHIA & PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Citilog, a world leading provider of intelligent real time video monitoring and surveillance solutions for traffic, transportation, security and safety management, today announced revenue of five million Euros for its fiscal year books Books of legal cases, or reporters, published annually in England from the thirteenth to the sixteenth century. The development of English Common Law was based on the law of the case. closed March 31, 2008, resulting in a positive earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ). "We were able to achieve our goal of strong financial growth thanks to the strategic development of our indirect distribution network abroad," commented Christian Girardeau, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Citilog. "In 2008, orders taken and achievements have risen by more than 100% in Asia - including major successes in China. We've also seen strong growth and success from our USA subsidiary, with product implementations in Florida and with the complete coverage of tunnels in Boston. Combining these results with other recent successes, such as in Madrid, Spain and the M30 project as well as the A86 project in the Paris area, we have demonstrated a worldwide ability to effectively manage large-scale deployments. Furthermore, these deployments included successfully supporting our worldwide ecosystem of partners and system integrators." Citilog's Korean, Chinese and American distributors and integrators have commented on the company's flexible and portable software solution capable of running on any platform and how it yields the ability for low-cost deployments and maintenance. Mr. Lee Young Ho, Project Development Team Manager at RITCO in Seoul, and Mr. Moon Hak Yong, Senior Researcher at the Institute of Construction and Transportation of Korea (KICT KICT Korea Institute of Construction Technology ), have expressed that Citilog's solutions are ideally "just a click away from easy maintenance." "From Shanghai to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , this strategic direction has given Citilog a major competitive advantage in terms of total operating cost, compared to all its competitors, and simplicity in installation for our partners and integrators," added Girardeau. For ten years Citilog has been recognized worldwide for the quality of its products in the field of Automatic Incident Detection. Citilog's product line has been expanded this year by the launch of its anti-intrusion detection software-based product, MediaIntruder[TM]. MediaIntruder features a technological breakthrough for the company, based on technology from INRIA INRIA - Institut National de Recherche en Informatique et Automatique , a French public scientific and technological research agency reporting to the ministries of Research and Industry. In cooperation with Keeneo, a French company specializing in video analytics, the technology aided Citilog in recently winning a deployment in Greece for the rehabilitation of the large Bridge Rion. The implementation was done with partner Nessie, a subsidiary of the Vinci Group, to replace a competing system. The Citilog system is much better suited for the detection of pedestrians. "This dramatic growth also deserves the credit of excellent support from our major shareholders including the Caisse des Depots (CDC-Innovation) and TECHFUND," added Girardeau. "It is also a tribute to the commitment of our staff throughout the world. We bring to our customers a brand of continuity and stability which guarantees better service over the long term. With this continued support we can continue to provide a strong outlook in Asia where the market has started this year with exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. of more than 80 percent again this year. We've also entered new territories with our technology due to strong upcoming partnerships with Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
About Citilog Citilog is a world leading provider of intelligent real time video monitoring and surveillance solutions. Citilog's suite of software-based products provide instant incident detection to enable proactive rapid responses that aid in minimizing risk and losses in operations or security. The company's products enable immediate and efficient traffic, safety and/or security management of roadways, tunnels, bridges, intersections, as well as for facilities or transportation resources such as, airports, railways and sea ports where criminal or other security threats exist. Products are deployed at some of the world's best known landmarks such as, the Lincoln and Holland tunnels in New York; Lupu, NanPu and Yanpu bridges in Shanghai, China; M30 Madrid tunnels in Madrid, Spain; the Mont-Blanc tunnel spanning France and Italy and dozens of other locations. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , Citilog is based in Paris, France with international offices in the USA and Hong Kong. More information is available at http://www.citilog.com. Note: references to company and/or product names may be trademarks or registered trademarks of their respective owner. |
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