TORONTO, Dec. 16 /CNW/ - Avante Security Corp. (TSXV:ASY) ("Avante" or the "Company") is pleased to announce that Avante Property Security has installed its Analytic Camera Monitoring System ("ACMS") in three apartment buildings at 71, 75 and 79 Thorncliffe Park Drive. Analytic Monitoring is an innovative advance in property and personal security developed by Avante.
Earlier this year, Avante and Conundrum Property Services ("CPS") entered into a joint venture agreement to form Avante Property Security ("APS"). The purpose of this joint venture is to enhance distribution of Avante's innovative and extensive line of property security products to property management companies in North America. "We are excited with this new venture and the potential for the North American market. The technology is amazing to watch in action: the cameras track people automatically, ignoring pets and trees, and decide who is a potential threat," said Emmanuel Mounouchos, President and CEO, Avante.
Analytic Camera Monitoring represents another innovative advance in property and personal security from Avante. Using two-way live audio communication, Avante Crisis Centre ("ACC") operators receive true live alarm conditions from intelligent cameras which are able to detect and record unusual activity around a property. The Avante system assists multi-unit buildings with security issues in real time, increasing the value of the buildings by reducing expenses associated with on-site security guard costs. The remote monitoring feature builds upon Avante's commitment to true, two-way, interactive security and automation.
"We were very impressed with the performance and ease of use of the Avante Analytic Camera Monitoring System and we are excited about the installation in the Thorncliffe buildings," said Chris Asimakis, President of CPS. "There is a lot of interest in the ACMS technology in the property management sector. ACMS enhances security while reducing operating costs. We are looking forward to installing the system in more properties in 2010."
About Avante Security Corporation
Over the past fourteen years, Avante has built its reputation as Toronto's preeminent security company by providing premium security services through the use of advanced technology and a focus on exclusive client service. The 724Smart WIP(TM), the Company's proprietary technology, provides "anytime; anyplace" two-way wireless communication to any electronic device. Originally developed for wireless security applications, the technology's open architecture provides a platform for expanded functionality. The Company is now focused on the sale of smartboxx(TM) worldwide, for automation, energy management and personal and property security applications. Additional information about Avante and its technology can be found at www.avantesecurity.com.
About Conundrum Property Services LP
The Conundrum Group was established in 2000 and recently created Conundrum Property Services LP ("CPS"). CPS is focused on creating innovative products and services that provide property and asset managers with services that provide greater operating efficiencies and green technologies that reduce cost, mitigate risk and, as a result, increase asset value. Additional information about Conundrum can be found at www.conundrumcapital.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.
SOURCE AVANTE SECURITY CORP.
For further information: For further information: about Avante is available on SEDAR at www.sedar.com, and on the Company's website at www.avantesecurity.com, or contact: Leland Verner, Chairman, (416) 823-7474, firstname.lastname@example.org, or Emmanuel Mounouchos, President & CEO, (416) 923-6984 x224, email@example.com; For Conundrum Property Services: Chris Asimakis, President, (416) 814-4422, firstname.lastname@example.org