OTTAWA, June 9 /CNW Telbec/ - March Networks(TM) (TSX:MN; AIM:MNW), a
leading provider of intelligent IP video and business analysis applications,
announced today that a large retail organization in the United States has
selected the Company's video management software and systems for a deployment
covering approximately 100 stores. The initial orders are valued at U.S.
$1.5 million and follow a successful rollout of March Networks business
analysis software and professional services across more than 1,200 locations.
The retailer will integrate the video management solution with its
existing March Networks LP Data Mining software to further reduce shrinkage,
decrease in-store risk and improve overall store performance. The March
Networks solution will enable the retailer to add new capabilities to its
video network, such as powerful analytic applications and
strategically-placed, high-resolution IP cameras, without replacing existing
video infrastructure. When the organization is ready to transition some, or
all, of its stores to all-IP video networking, it can turn to the March
Networks VideoSphere portfolio to do so cost-effectively.
"Our ability to offer retail organizations comprehensive solutions that
deliver valuable business intelligence for a wide range of applications is
unparalleled today," said Peter Strom, President and CEO of March Networks.
"We are pleased to be extending our relationship with this leading retail
organization and look forward to delivering our VideoSphere solution to
retailers worldwide as they move to next-generation IP video technology."
About March Networks
March Networks(TM) (TSX:MN; AIM:MNW) is a leading provider of intelligent
IP video and business analysis applications that enable organizations to
reduce losses, mitigate risks and improve security and operational efficiency.
The Company's advanced software suite includes enterprise-class video
management, powerful analytics and comprehensive managed and professional
services. Its software and systems are used by leading financial institutions,
retailers, transportation authorities and other organizations in more than
50 countries. For more information, please visit www.marchnetworks.com.
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.
(*)MARCH NETWORKS, VideoSphere, and the MARCH NETWORKS and VideoSphere
logos, are trademarks of March Networks Corporation. All other trademarks
are the property of their respective owners.
For further information:
For further information: Peter Wilenius, March Networks Corporation,
(613) 591-8181, firstname.lastname@example.org