Genetec and Dahua-Backed Intelbras Split Examined

Security ****** ********* *******

********* *** ******* ****** a *********** ** ******** 2014********* ** ********* ** ******** ****** Intelbras ******* ** *** Brazil ****.

** *** ****, **** companies **** ******* ***** the *********** *** *** opportunity ** ****** **** new *******.********* *** ****** ** local *********** *** ******* ************* as * ****** **** the ****** *** ** the ********** ******.

** ***** ** ********, we *** ******* **** companies **** ******** *** Milestone, ***** ** ***** of ******** *** ******** are **** *** *****.

*** *******, ********** **** Intelbras, * *** ****** in *** ********* ****** market, *** *** ********* advantage ** ********** *** exposure ** ***** *******. At *** ****, ******* was ****** ****** *** partnership ** * *** to ***** ********* ******* in *** ********* ******, where ****** ******* ****** far **** ********* **** in *** *.*.

*** ********* *********** ****** allow ******* **** ****** systems ** ******* **** the ********** ** * more ************* ********, ************ integration **** ***** *******. This ** ***** ** facilitate *** ******* ** private ******* **** ****** organizations.

Partners ** ****

** *** ********* ** April ****,********* *** ******* ******* announced **** ***** *********** on ******** ****** ********* Edition ***** ** ****** to ** ***.

********* ********* ** **** that ** **** ** the *** ** *** partnership **** *******, ******** Center ********* ******* ***** be ********* ****** ***:

** *** ********** * phase *** ** *** version ** *** ******* [Security ****** ********* *******].

Genetec *******

**** ***** **** *******, who ******** *** ********* statement ** *** *****.

******* *** ********* **** had * **** *********** in *** ********* ******. Currently ** ** ****** work ******** *** ** a ******-***** ******** **** precludes ** **** ********** our ************.

**** ******-**, ******* ********* to **** **** *** fact **** ********* **** Dahua ******* ** * key ****** ****** *** split.

*. *** ******** *** expiring ** **** *** we ******* *** ** renew.

*. ** ******* *** to ***** ******* ** no ****** ******* ***** cameras.

Intelbras *******

*********'* ********* ** **** regarding *** ***** ****** that ** *******, ******** that *********'* ******* *********** with *****, ***** *** strengthened ** ****** **** by***** **********'* ******** ** a ** % ******** in *********, *** * *** driver ** *** *****.

** ******* *** ** renew *** ********. ** signed * ******** **** lasted *** **** ***** andboth ********* ******* *** ** ******** **** ******** *** ********* **********, *********** **** ****** ** *** ****** ***** *** ************. Today Intelbras does not have a substitute partnership in the VMS area. We do not intend to add another partnership. We have our own proprietary products and software for Intelbras full solution. We keep integrating our products with the main VMS vendors and intend to continue this way. [emphasis added]

What's ****

**** ********* **** ********* to **** **** **** look ******* ** ******** their ********** ********* ** the ****** ***** ** industry *******.

** ** ***** ** Security ****** ********* ******* clients, ******* *********** *** partnerships **** ***** *****'* Hanwha, ******'* *******, *** more ******** *****'* ******.

** ** *** ** open-platform *******, ** **** partnerships **** ******* ********* in *** ****** ******, among ***** ** *** mention******,********** ************ **** *** manufacturers *** ** ***********, among ***** ** ***************.

********* ********* ** **** that ** **** ******** offering ******* *** ******** Center ********* ******* *** that ** ******* ** continue ********* ******* **** can ** ********** **** all ***** *****, ********* Genetec:

** **** ******** ********* support *** ******** ********** to ***** ******* *** partners *** ******* ******** [Security ****** ********* *******]. Intelbras *** ******* **** support **** ***** ** order ** **** ********** its *********.

********* **** ***** *********** with *** *** ******** available ** *** ******. We **** **** ******** to ***** *********** **** Genetec, ***** ***** *** not ******.

*******, ***** ******* ** no ****** ********** *****, and ********* ** ***** on *****, *** **** is **** ******* **** not ******* ********* ******* in *** ******.

*** **** *** ******* is ****, ** ********* and ********* *** ******'* two ******* ****** *********, thus *** ***** *********** knocks **** *** ** a ************ **** ** the ********* ******.

***** ****** ** ********* of ***** **** **** both ****** *** *****, the **** ** ******** relating ** *** ************* is ****** * ****** impact ** ******.