March Networks receives $6 million in orders from U.S. big box retailer

2 Jul 2007

March Networks™ (TSX:MN; AIM:MNW), a leading provider of IP-based video surveillance solutions, announced today that it has received orders totaling $6 million during the first quarter of its fiscal year 2008 to provide its IP video management systems to a U.S.-based big box retailer.  The company anticipates that the orders will be shipped prior to the end of the second quarter.

March Networks' advanced solutions help big box, supermarket, convenience, general merchandise and other retailers combat inventory shrinkage, which reached an estimated $41.6 billion, or 1.61 percent of retail sales, in the U.S. in 2006.   They also allow organisations to manage risk, enhance customer and employee safety, and improve operational efficiency.

"This confirms the competitive strength of our product line within the big box segment and further demonstrates our ability to compete for, and secure, large orders from enterprise customers," said Peter Strom, President and CEO, March Networks.