View Systems, an established security services provider, is continuing to increase its market share in the booming security industry through the development and commercialization of its groundbreaking ViewScan concealed weapons detection (CWD) system. In recent months, the company has made strides toward sustainable growth by targeting its marketing efforts in the direction of potentially expansive security opportunities – including schools, prisons, police stations, events and building lobbies seeking heightened and efficient security.
Unlike traditional CWD systems, the ViewScan platform accelerates the accurate detection of threat objects by eliminating many of the false positives associated with non-threatening personal artifacts, such as coins, keys and belt buckles. In June, View Systems built upon its industry-leading technology by initiating manufacturing efforts on an enhanced ViewScan product. This product update adds improved threat recognition and subject identification capabilities to allow for more comprehensive control of security screening processes.
“Our ViewScan weapon detection system boasts numerous advantages over ordinary metal detectors on the market,” Gunther Than, chief executive officer of View Systems, stated in a news release. “We’re excited about the momentum we have moving forward as more customers recognize the benefits of our system in providing efficient security measures for their facilities.”
By expanding its presence in the security industry, View Systems is opening the door for near limitless growth moving forward. As a manufacturer and distributor of products in the thriving contraband detection market, the company’s technology will likely remain in high demand as the global threats to governments and businesses create a sustainable need for improved screening capabilities. According to a report by IBISWorld, the security services market is currently valued at approximately $31 billion, and continued growth is expected in the years to come.
In the first quarter of 2015, the company demonstrated the immense market potential of its technology by realizing a significant increase in ViewScan product sales. For the period, the company recorded $46,900 in revenue attributed to ViewScan sales and installations, which was an increase of more than 40 percent over the first quarter of 2014. Look for View Systems to build on this progress in the months to come, providing an opportunity to maximize returns and promote increased shareholder value.
For more information, visit www.viewsystems.com
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