Silent Witness Acquires PTZ Surveillance Technology

Apr 10, 2001, 01:00 ET from Silent Witness Enterprises Ltd.

    SURREY, BC, April 10 /PRNewswire/ - Silent Witness (NASDAQ:   SILW / TSE:
 SWE), a leading provider of video monitoring technology, announces the
 acquisition of Gyyr's PTZ (Pan/Tilt/Zoom) product line, intellectual property
 and assets. The PTZ camera is a high-performance dynamic solution for many
 applications and works with a remote controller that allows end-users to
 integrate with an access control system.
     The acquisition cost is approximately U.S.$1.3 million dollars in cash.
     The North American PTZ camera market is projected to generate
 approximately U.S.$134 million by 2004 (Benchmark Research, 2000).
     "We were looking to manufacture our own PTZ camera and this acquisition
 reduces our time in development," says John Francis, Director of Research and
 Development. "PTZ camera technology offers end-users high-speed performance --
 with the ability to control the shatter-proof, compact dome cameras remotely.
 Highly versatile and interactive, they offer customers maximum flexibility and
 control. End-users can pan 360 degrees, tilt in all directions and zoom-in on
 distant objects."
     "The acquisition of Gyyr's PTZ product line complements our existing
 customer offering," says Dave Warkentin, Director of Sales and Marketing. "The
 acquisition speeds our time to market with a PTZ product. By increasing our
 breadth and depth of product, we strengthen our brand and gain access to new
 markets and sales channels while enhancing our distribution in North America
 and Europe."
     "The divestiture of the Vortex Dome line and the Quarterback Controller
 is a significant step for Gyyr and is consistent with our strategy to focus on
 data storage and networking solutions", commented Peter Strom, President of
 Gyyr.
     Silent Witness plans to build upon the acquired intellectual property to
 develop a PTZ product line that incorporates Silent Witness standards for
 innovation and quality. The new Silent Witness PTZ product line is expected to
 launch later in 2001.
 
     About Silent Witness:
     Silent Witness Enterprises Ltd. (NASDAQ:   SILW / TSE: SWE) designs and
 manufactures a full range of video monitoring technology for the global
 marketplace. Founded in 1986 and headquartered in Surrey, BC, Silent Witness
 is a leading provider of closed circuit television (CCTV) cameras worldwide.
 
     About Gyyr:
     Founded in 1971, Gyyr has since gained worldwide name recognition for
 high quality, reliable and innovative security products. The company is
 credited with developing the security industry's first time-lapse video
 recorders and the most advanced Windows-based security management software.
 
     Silent Witness(R) is a registered trademark of Silent Witness Enterprises
 Ltd.
 
     This news release may include statements about expected future events
 and/or financial results that are forward-looking in nature and subject to
 risks and uncertainties. The company cautions that actual performance will be
 affected by a number of factors, many of which are beyond control. Future
 events and results may vary substantially from what the company currently
 foresees.
 
 

SOURCE Silent Witness Enterprises Ltd.
    SURREY, BC, April 10 /PRNewswire/ - Silent Witness (NASDAQ:   SILW / TSE:
 SWE), a leading provider of video monitoring technology, announces the
 acquisition of Gyyr's PTZ (Pan/Tilt/Zoom) product line, intellectual property
 and assets. The PTZ camera is a high-performance dynamic solution for many
 applications and works with a remote controller that allows end-users to
 integrate with an access control system.
     The acquisition cost is approximately U.S.$1.3 million dollars in cash.
     The North American PTZ camera market is projected to generate
 approximately U.S.$134 million by 2004 (Benchmark Research, 2000).
     "We were looking to manufacture our own PTZ camera and this acquisition
 reduces our time in development," says John Francis, Director of Research and
 Development. "PTZ camera technology offers end-users high-speed performance --
 with the ability to control the shatter-proof, compact dome cameras remotely.
 Highly versatile and interactive, they offer customers maximum flexibility and
 control. End-users can pan 360 degrees, tilt in all directions and zoom-in on
 distant objects."
     "The acquisition of Gyyr's PTZ product line complements our existing
 customer offering," says Dave Warkentin, Director of Sales and Marketing. "The
 acquisition speeds our time to market with a PTZ product. By increasing our
 breadth and depth of product, we strengthen our brand and gain access to new
 markets and sales channels while enhancing our distribution in North America
 and Europe."
     "The divestiture of the Vortex Dome line and the Quarterback Controller
 is a significant step for Gyyr and is consistent with our strategy to focus on
 data storage and networking solutions", commented Peter Strom, President of
 Gyyr.
     Silent Witness plans to build upon the acquired intellectual property to
 develop a PTZ product line that incorporates Silent Witness standards for
 innovation and quality. The new Silent Witness PTZ product line is expected to
 launch later in 2001.
 
     About Silent Witness:
     Silent Witness Enterprises Ltd. (NASDAQ:   SILW / TSE: SWE) designs and
 manufactures a full range of video monitoring technology for the global
 marketplace. Founded in 1986 and headquartered in Surrey, BC, Silent Witness
 is a leading provider of closed circuit television (CCTV) cameras worldwide.
 
     About Gyyr:
     Founded in 1971, Gyyr has since gained worldwide name recognition for
 high quality, reliable and innovative security products. The company is
 credited with developing the security industry's first time-lapse video
 recorders and the most advanced Windows-based security management software.
 
     Silent Witness(R) is a registered trademark of Silent Witness Enterprises
 Ltd.
 
     This news release may include statements about expected future events
 and/or financial results that are forward-looking in nature and subject to
 risks and uncertainties. The company cautions that actual performance will be
 affected by a number of factors, many of which are beyond control. Future
 events and results may vary substantially from what the company currently
 foresees.
 
 SOURCE Silent Witness Enterprises Ltd.