The Company has manufactured and assembled high quality digital security cameras, mounts and IP Systems for businesses and industries for more than 25 years. Its founders saw the need for such systems through their prior ownership of car washes, gas stations and laundromats. Because of this background, its IP products are built to thrive in challenging environments; are completely waterproof (IP67 rated); and can survive temperatures from -40*F to over 150*F. This has led to an extensive and growing line of security cameras and digital video recorders to accomplish many tasks at all types of remote and unattended sites. Its security cameras mounting brackets and poles are designed to actively fight any additional sway or vibration that may occur from wind, trains, or other vibration causes.
In mid-2021, a new market emerged as architects began to realize that the Company’s mounting brackets and poles were far superior to the standard mounts they were specifying on existing light and telephone poles that are made to sway in high winds. Once the word got out architects began specifying the more stable mounting structures and for the past eight months Company sales have experience a “hockey stick” growth. For the five months ending May 2022 sales have almost reached the prior year’s total and the growth seems to be sustainable into the future with an adjusted EBITDA expected to exceed $2.0 million in 2022.
*2020 & 2021 are based on accrual basis. 2019 is based on a cash basis.