SANTA CLARA, Calif., March 21, 2017 /PRNewswire/ -- Based on its recent analysis of the security surveillance services market, Frost & Sullivan recognizes Costar Technologies, Inc. with the 2017 North American Frost & Sullivan Award for Customer Value Leadership. Its comprehensive product and service portfolio addresses every long-term security surveillance requirement of video surveillance and machine vision consumers. Its rugged, advanced camera equipment and value-added services, including imaging technology, video analytics, and customizable security make it the preferred supplier to major retail customers, private enterprises, transportation, and critical national infrastructure entities.
"Many of Costar Technologies' camera products employ an intuitive design for greater ease-of-use and simple integration with any existing security system," said Frost & Sullivan Research Analyst Danielle VanZandt. "The durability of each camera product makes it ideal for extreme weather and climatic conditions, as the cameras are able to handle temperatures ranging from minus 40 degrees to 130 degrees Fahrenheit. They also boast high torque and vibration resistance, as well as nitrogen-sealed housings to prevent dust build-up—ideal for any security environment."
Significantly, Costar Technologies includes its video management system (VMS) offering as a standard add-on for all surveillance products. The VMS is an easy-to-learn, intuitive solution that can easily integrate with general surveillance and communication applications. The company also offers equipment tooling and design for custom security projects to meet precise security needs. Advanced customer support, product warranty support, and top-notch services all go a long way in helping it forge deep relations with clients.
Furthermore, Costar Technologies employed many strategic purchases to build its wide product and service portfolio. Some of these acquisitions include:
- Southern Imaging, which resulted in the subsidiary Costar Video Systems and a division called IVS Imaging, combines innovative security surveillance systems with advanced imaging technology
- CohuHD, which added more rugged, high-quality cameras to the company's product portfolio and eventually positioned it as the market leader in the transportation and critical national infrastructure surveillance markets
- Innotech Security, which added a camera product line with unique technical features for the retail market.
These acquisitions are expected to help the company achieve revenues in excess of $45 million annually.
"Costar Technologies addresses the demand for premium, rugged security solutions among large-scale enterprises and simultaneously staved off competition from low-cost camera providers," noted VanZandt. "It is expected to continue on this growth trajectory due to increasing border security protocols, Smart City initiatives, and national infrastructure security system upgrades."
Each year, Frost & Sullivan presents this award to the company that demonstrates excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's inordinate focus on augmenting the value that its customers receive, beyond simply good customer service, leading to superior customer retention and ultimately customer base expansion.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Costar Technologies, Inc.
Costar Technologies, Inc. (OTC markets Group: CSTI) designs, develops, manufactures and distributes a full range of products for the video surveillance and machine vision markets. Costar Technologies, Inc. consists of four companies; CohuHD Costar, Costar Video Systems, Innotech, and IVS Imaging. The combined product portfolio consists of surveillance cameras, recorders, monitors, lenses, cables, and other electronic accessories. With manufacturing capabilities in China, Korea and the United States, Costar Technologies, Inc. is able to provide innovative and cost-effective products. Costar provides solutions for financial institutions, educational facilities, retail stores, manufacturing plants, highways, government buildings, military bases, borders and other applications.
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SOURCE Frost & Sullivan