Will Be One Unified SAMSUNG Product LineDefense News Updates ~ RIDGEFIELD PARK, NJ and CARROLLTON, TX--(Marketwire - 01/21/10) - Samsung Techwin America and GVI Security Solutions today announced that they will establish a strategic partnership to provide optimal security solutions to both companies' customers that will ultimately lead to one product line. This is in response to the announcement that the Samsung Techwin and Samsung Electronics Video Security Products businesses are being merged effective January 1, 2010, due to the acquisition of the Samsung Electronics Company's Video Security Products business by Samsung Techwin. Both the Techwin and Electronics names will be dropped for the surveillance product line and the company will go to market strictly as Samsung.
"The combination of Samsung Techwin and Samsung Electronics resources are in essence doubling the resources that Samsung is dedicating to electronic security in order to become an industry leader. It will allow us to effectively increase the Video Security Products business and technological capabilities of both companies into a stronger, singularly focused digital video security systems organization. We are taking actions to ensure increasing sales, continued service and customer satisfaction for all Samsung Security Products," said JW Ahn, President and CEO of Samsung Techwin America.
"This is very good news for our customers and the video surveillance market in the Americas," emphasizes Steve Walin, CEO of GVI. "It is only natural, therefore, that we enter into a strategic partnership with Samsung Techwin America, replicating a similar symbiotic relationship we had with Samsung Electronics. Our SAMSUNG GVI Security name will change to SAMSUNG SECURITY."
According to Walin, legacy product lines will be maintained until superior replacements are developed and released, ultimately leading to one cohesive Samsung product line. In Latin America, SAMSUNG SECURITY (formerly SAMSUNG GVI Security) will serve the entire region except for Argentina, Brazil and Chile, where both companies will continue to serve these markets together.
About SAMSUNG Techwin:
Samsung Techwin America is a leading supplier of cutting edge video products to the security industry offering IP, Thermal and Analog Cameras, Network and Digital Video Recorders and LCD Monitors. Office locations on the East and West Coast facilitate extended technical support hours and an extensive inventory permitting same day shipments. Samsung Techwin America is a subsidiary of Samsung Techwin, a four billion dollar organization in the high technology industry. For more information, visit www.samsungcctvusa.com.
About GVI Security Solutions:
GVI Security Solutions (GVI) (dba SAMSUNG GVI Security) is a leading provider of video security solutions to the homeland security, institutional and commercial market segments. GVI offers the complete Samsung line of video security products. GVI recently announced the acquisition of its first owned Intellectual Property (IP) VMS technology called autoIP™. The company offers its products and services through local, regional and national system integrators and distributors in North and Latin America. GVI operates sales and support offices in Dallas, Texas; Mexico City, Mexico; Sao Paulo, Brazil; and Bogota, Colombia. For more information, visit www.gviss.com.
"The combination of Samsung Techwin and Samsung Electronics resources are in essence doubling the resources that Samsung is dedicating to electronic security in order to become an industry leader. It will allow us to effectively increase the Video Security Products business and technological capabilities of both companies into a stronger, singularly focused digital video security systems organization. We are taking actions to ensure increasing sales, continued service and customer satisfaction for all Samsung Security Products," said JW Ahn, President and CEO of Samsung Techwin America.
"This is very good news for our customers and the video surveillance market in the Americas," emphasizes Steve Walin, CEO of GVI. "It is only natural, therefore, that we enter into a strategic partnership with Samsung Techwin America, replicating a similar symbiotic relationship we had with Samsung Electronics. Our SAMSUNG GVI Security name will change to SAMSUNG SECURITY."
According to Walin, legacy product lines will be maintained until superior replacements are developed and released, ultimately leading to one cohesive Samsung product line. In Latin America, SAMSUNG SECURITY (formerly SAMSUNG GVI Security) will serve the entire region except for Argentina, Brazil and Chile, where both companies will continue to serve these markets together.
About SAMSUNG Techwin:
Samsung Techwin America is a leading supplier of cutting edge video products to the security industry offering IP, Thermal and Analog Cameras, Network and Digital Video Recorders and LCD Monitors. Office locations on the East and West Coast facilitate extended technical support hours and an extensive inventory permitting same day shipments. Samsung Techwin America is a subsidiary of Samsung Techwin, a four billion dollar organization in the high technology industry. For more information, visit www.samsungcctvusa.com.
About GVI Security Solutions:
GVI Security Solutions (GVI) (dba SAMSUNG GVI Security) is a leading provider of video security solutions to the homeland security, institutional and commercial market segments. GVI offers the complete Samsung line of video security products. GVI recently announced the acquisition of its first owned Intellectual Property (IP) VMS technology called autoIP™. The company offers its products and services through local, regional and national system integrators and distributors in North and Latin America. GVI operates sales and support offices in Dallas, Texas; Mexico City, Mexico; Sao Paulo, Brazil; and Bogota, Colombia. For more information, visit www.gviss.com.
Contact:
For More Information, Contact:
Henry Kim
Samsung Techwin America
310-605-3302
Esra Pope
SAMSUNG GVI Security
972-245-7353 ext. 2288
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