Hanwha Techwin Spins Out Security Business

By: John Honovich, Published on Mar 06, 2018

In an era of security acquisitions and mergers, with most recently Avigilon being acquired by Motorola and Bosch merging its security businesses, Hanwha is going against that trend, spinning out its security business to provide greater independent operation.

In this note, we examine the move, the competitive positioning of Hanwha now and the potential impact this spin out will have.

** ** *** ** security ************ *** *******, with **** **************** ***** ******** ** Motorola******** ******* *** ******** businesses, ****** ** ***** ******* that *****, ******** *** *** security ******** ** ******* greater *********** *********.

** **** ****, ** examine *** ****, *** competitive *********** ** ****** now *** *** ********* impact **** **** *** will ****.

[***************]

Background - **** ******* ** ******

** ******** ****,******* **** *** *** controlling ********* ** ******* to ******. ** *** **** 3 *****, ****** *** migrated **** **** *** Samsung *****, *** ***** Hanwha ****** ***'*******' ** *** **-******* branding.

** *** **** ** the ***********,** ****** * *********: ** *** ******** side, *** ******* ***** was ****** *** *** Hanwha ** ** ****** typically ******** ** ******* products. ** *** ******** side, ****** *** ********* to ****** ** *** security ********, **** ** the ******* **** *** in ***** *** *********.

Spinning *** *** ************ **********

******* *** ************ **** a ****** ** ******* electronics *** ********** **********, including ********* *********, *********, power *******, ******, ***. As****** **** *** ********, *** ********* ******** will ****** ****** *********, the ***** ******** **** be ***** ** * another ****** ******** ***, most ***********, *** ***** surveillance *************, *** ******** business **** ** **** out. *** *********** ***** of *** ******** ******** will ***** ** ******.

Remains ****** ******* **** **** ***

*** **** *** ******** business **** ****** *** ******** Hanwha ******* ********* **** and *** ******* ******** will ******** ** ** Wisenet.

Independent *********

****** ********* ****:

** ****** **** ****** more ************ ** ******** operation **** ***** ** to **** ****** *** professional ******** ******. ** have ** ***** ** becoming * ****** ****** in *** **** ***** surveillance ******** **** ************ competitiveness.

Competitive *********** - ********

** *** **** * years, ****** *******'* ***** surveillance *********** *********** *** certainly ********. ****** *** been *** ** *** few camera ************* ** ******** to ************* ****** ** video ************. **** **** continued ** ******* *** products ********** ***** ************** *.***,************** *****-*******,***** *** ***** *******, ****-** **** *** interface, ***.

** ********, **** **** reduced *******. **** *** ****** **** its ***** ************ ******** to *****, ***** ***** *** more ******* ** *********, likewise ********* ** **** ******* on *********, *** ********* *** smaller ****** ************* **** generally *********,***** *** ********, *******'* ********* **** worsened, ***.

Only * *** ***** ****** ************* ******

*** **** ************ ****** market **** *** * few ***** ************* ********* investing, **** ******* ********, Axis, *****, ********* *** Hanwha.

Emerged ** ****** ******

****** *** ******* ** the '****** ******'. ** the ******, **** ********* end, ***** ** ******** with ***-**-*** ********* *** Axis **** *** ********, most ******** *********. ** the ***** ***, ***** and ********* **** ******** very *** ******, ******* new ********, *** *********** sales ******** ** ******** that **** ** *** market. ******, **** ********* lower ******* **** ******** and **** *** ********* higher ******* **** ***** and *********, *** ***** as *** **-******* ******,******* ****** **** ***********.

Outlook *** *******

** *** ****** **** Hanwha ********* ** **** and ********** *********** *** market ********* *** *** spun *** ******** ********, the ***** ****** ******* has **** ** ***** surveillance **** *** **** few ***** *** ********.

Vote / ****

Update: ****** ******* ******** **** ********** *** *** *** ****

** *** ********, ******* raised *********. ****** ********* saying **** *** *** for **** *** *** profitable. *** ********* ** full *****:

*** ******* ** *** captive ******* ** ** allow *** ******** ******** to ******* **** ************* and ** **** ********** to *** ******. ***** the ******* *********, *** security ******** *** *** have **** ** ****** with *** ***** ******* companies; ******** *** ******** and ****, *** *** share *** ****** ************, customers ** ********** *******.

****** ******* ******** ** a ********** ******** **** its ****** *** ** becoming *** ******* ************ in ***** ************. ****** has **** *********** *********** in ******* ***** ** the ******** ******** **** the **** ** ****** including *************, ********** *** human *********. ** ******** over $**** ** * Vietnam ******** ** ***** to ******** ********** *** produce ******** **** **** effectively. ** ******** ** invest ** *** **** business ********* ******* ****** assembly, ******** ****** *** SoC ***********. *** ******** is ** ******** ** invest ** ********** ***********, partnerships *** *********. ***** are ** ***** ** sell *** ******** ******** and *** ***** *** Hanwha ******* ** ********* growth ***** **** ***, independent ********** ******.

Comments (47)

**** **** ** **** for ******. * **** the ******* ** ****** a ******* ***** ** *** product ****. *** ** the ******** ** **** *********** with ***** **** *** years ** ***** *********, fire, ****** *** ***** lines **** ***** ********* by *** ***** *** underdeveloped. **** *** * big ****** ** ***** to *** ** **** were ********* ** ********. 

******* *** ***** ********* to **, ****** ********* to ****** **** ********* to ** ** **** goes **. *'** ****** some ** ***** *******, while **** ***** *** some *********** ****'** *** terrible. 

****** **** *** * for **** **** ** their ******** ********. 

***? ** **** ****** to **** **, **** could ****** **** **. Corporations *** ********* **** off ********* / ***** directly.

** ** *****, *** video ************ ******** *** been ** **** * wild **** *** **** few *****, * ***** not **** *** ******** but, ** *** ****** that ****** ******** *** continue ** ****, * would *** *** **** trying ** **** ** off.

** **** ***** *** same ***** :)

**** **** * ** us. 

****, * ******* *** were ******* '******', ** in ******* ******** ************:

** ** *****, **** rumors ***** ** ***** here *** * *** just ** *** ** the **** ** **** one *** *** ****** I **** ***** ***** Hanwha ***** **** *** make ** *****.

***, * ** ********* ** took *** **** **** to **** ** **** this. 

**** **, ****. ***'* *******. You ******* ******** **** this ** ********* *** Hanwha *****.

**'* ****** ***** *** are *** ****** **** such ****** ***** *** **** it ** ***** ** the******* ******** ***** *******

** *** ***** ** **** industry, **'* ******** *** ****** any ******* ** ** sold *** *** '******' so *** ***'* **** much *********.

* *** **** ******** with ******* ** ********* * have *****.  **, *** ********** brought **** ** **.  You **** ***** **** and **** **** ******* for *** ******.  

**, *** ********** ******* this ** **.

*** ***** **'* ** fault **** *** **** multiple ****************** ******* '******' *** your ******* *********** **** Avigilon?

****, *********, **** *** are **** *****, **** admit ** *** **** on. *** *** ******* again *** **** **** out ** *** **** but ***?

** * *** ******* about ******** ** **** post * ***** ********** but * *** ***.  You **** ***** **** shit.   **'* **********.  

***** ***** ******* ***** IPVM ******? 

 

***** ***** ******* ***** IPVM ******?

****, *** *** ******* to *** ** **** about **** ******. ***** a *** ********** *** link **** ** ** here. **'** ********* ****** open ** ******* **** about****** ************ ************* *** talk ** ** *********** ************ ** *** **** to *********.

** *** '******', **** what *** **** *** in **** ****** **** Hanwha, **** * ******* ** is ***** ** ****** conversations **** ********** ** companies ******** ********. *** fact **** *** ********* *** no ********* *********** **** any ** ***** *******(***** * *** ********) should **** ***** *** pause ***** ******** ******** out ******.

****, * ****'* ***** a ***** * **** agreed **** * ***** undisclosed *****.   *** *** you *** ******** ** posters *** ******** **? 

*... *** ** ***** no *****.

*** ***** *** **** $100 ******* **** *** manufacturing ***** ** *** were ***** ** ****? Can't **** *** ******* sheet.

****** ******* ******* $**** in *** *** ********** in *******

 

****** **** *** ** longer **** *** ***-****** business ****.  **** ** cut *** ****.......

********* ******* *** ***** of ***** *** ********* put * ****** ** their ****** ******.

***** ***** **** ** no **** ****** ** offset ***** ******** ******, they **** **** ** tighten ** ***** ***** which **** *** * strain ** *** ***** and ***** **** ***** morale.

**** ***** *** *** who **** ***** *******......

**** **** **** *** be *** **** ** continue ** ** **********.

****** **** *** ** longer **** *** ***-****** business ****. **** ** cut *** ****.......

*** '****** ****' ***** owns ** ** ** it *** *** ****** money **** ***** **** stop ********* ** **, like *** ********* ******** did ** *****.

***** * ** ** insider ** ******, ** the *******, **** ***** like * *** **** sign ** *** ***** yard. ** ******** ***, you ****** ****** *********, assets, *** *** * clean ****.

** *** *******, ** you ****** ** *** rid ** *********, *** would *** **** ** your **** *****, *.*., it ***** *** ** sensible ** **** *** security ******** '****** *******' when ******* ** *** main *********** ***** *** 2 *******. ** ***** seem **** ** * signal ** ******** ** do ****.

****: * *** ********** posted **** ******** ** was ********** *** ******* reorg, *** *** **** 4-28-2017.

-----

****** *** **** ******* at **** ********* ******, ***** ** ********* an ******* *************:

****** ******** ** ******** to ** ********** ** investment ** *** ******** market ***** *** **************. “Operating *** **** ***-**** businesses *** ******** ****** Techwin **** ****** **** investment *********,” **** * senior ******** **** *** company.

*** ******** ***** **** the ******* ** ******* a **** ** ***** and **** *** ******** business *****, *** **** would *** ****** *** time ****.

*** ********** ** *** big ****** ******* ******** is ******** ** ******'* ******* business?

****** ******* ** ~$** billion,********* ** ******. ****** ******* ******** is ** *** $*** or $*** ******* ***** (*** **** ******* *********).

*** ************* ***** *** / **** *** ***** me.

** **** *** ****** in *** ****** *****.  I ** ***** **** may ** ***** ******.  To **, ******* ******* always ****** ** ** exploring / ******* *** the ******.  * ** not *** **** **** feeling **** ******.  *** rep *** *********************** ***** *** *******.  To **, **** ***** to ** * **** combo ** ***** ****.  

**** ********** ****** ** have ***** ****** *** squarely ** ********.  **** may ** *** ** the *********** ****** ** Avigilon ** *** ********** region.

*** *** ** *** NW **?

*******

******: * ********* **** Hanwha ******* ********** *** questions ******. **** *** they are ********** *** *** for ****. *** ********* in **** *****:

*** ******* ** *** captive ******* ** ** allow *** ******** ******** to ******* **** ************* and ** **** ********** to *** ******. ***** the ******* *********, *** security ******** *** *** have **** ** ****** with *** ***** ******* companies; ******** *** ******** and ****, *** *** share *** ****** ************, customers ** ********** *******.

****** ******* ******** ** a ********** ******** **** its ****** *** ** becoming *** ******* ************ in ***** ************. ****** has **** *********** *********** in ******* ***** ** the ******** ******** **** the **** ** ****** including *************, ********** *** human *********. ** ******** over $**** ** * Vietnam ******** ** ***** to ******** ********** *** produce ******** **** **** effectively. ** ******** ** invest ** *** **** business ********* ******* ****** assembly, ******** ****** *** SoC ***********. *** ******** is ** ******** ** invest ** ********** ***********, partnerships *** *********. ***** are ** ***** ** sell *** ******** ******** and *** ***** *** Hanwha ******* ** ********* growth ***** **** ***, independent ********** ******.

[**** ****: *** * Hanwha ********]

** *** ********, ****** is ****** **** ****** share. ***** *** **** of *** & ***** but ***'* **** ** pay ** *** ****. Most *** ********* **** their ***** *******, *** I ***'* **** *** complaints ***** **** ********. Hopefully **** ***** **** the ******** ** *** the "****" ******* ******** the ****** *** ******* some ******* ******** 

********* *** "****** ******" section, *'* *** **** that **** ** **** advanced **** ****** ** this *****.  **** *** look ** ***** ** market **** ********** *** tech, ****** *** **** quicker **** **** ******.  

** * ***** ****, I'm ************ ******** ** things **** ***** ********* in *** *********** *********** section, **** ***** ************** analytics, *** *******, *** H.265.  ***** *** ******* that *** ****** ***** hearing, *** **'** **** selling **** ****** **** Axis *** * *** years ***.  ** **** to **** **** ***** and ** *** ******* mix *** * *** different *******, *** ** our ***** ****** ******** prefers ******.

***** *** ******** ** **** Axis ***** ** ******* quality ** ******, *** it ***** **** *** battle ** *** ** "most ********" ***'* ** clear.  

**** *** ******** *** of *** ***** ************** analytics?  

***, *** ***'* *** too ******* - *** **** "deploying" ** ***** ** this **** ** **** we ****** ** ** in *** ******, *** gave ** * *** to ****** **** ** the ******* ******.  

*** * *** * ranges **** **** *******.  You **** ** ** by ******** * ***, you **** **** ******** you **** **** * detection ** ****, *** you're ****.

*** *** ******** ***** have **** ****, *** the ******* ** *** real **********, *** *'* glad ** *** * have ** ********** **** one ** ***** ******* trying ** ****** * real ******* ** ***** environment.  

**** **** ****, **'** planning * **** **** the ******* **** * Veracity *********** **** *** weather ***** **.  :)

****:  ***, **'** *****.

*** * ******* * Hanwha ******* ** **** and so *** * ** most ********* **** *** XNV-6085.  ***** *** ***** quality *** **** ** all *** **** ** do ** ***** *** camera and ********** **** ** done ** *** *** GUI. ******* *** ***** analytics ** **** ** my **** *** * have * ****** ** techs **** *** ******* to **** *** ******* detection. 

*** ***** * *****'* figured *** *** ** can *** **** *** audio ********* ** *** DO *** **** *** audio ******.  

*** **********.  **'* * menu ****** *** ******, completely ******** **** *** recording.

***, ** ** ******** to ******* **** ***** analytics **** ******* ********* the ***** ****** ** even ***** **** ** listen **, ******** ***** is ****** ******* ** an ***** *****.  *************, the **-***** ********** *** also ** **** ** both ******* *** ****** audio, *** **** ******* must ** ******* ** another ****.

******* ***** ***!

****'* *********** ** ****. I **** ** *** I ** ******* * Wisenet * ****** ****** in ** ****** ***** now. *** ***** ******* is **, **** ** the ****** ********* **** to **** **. ******* about ** ***** ** away. ** **** ***** like * **** ******. 

#**, **** ********, * think ***** *** * issues **** - (*) selling **** ** ******, and (*) *** **** of **** ** ******.

** (*), * *** certainly *** *** ****** of ******* ****** **** Axis, *** **** ******** (especially ***-******), *** ******* is ******* *** **** and ******'* ***** ** less. ** **** ***, selling **** ****** **** Axis ** ********.

*** ** (*), **** has **** ** *** own **** *** **** range ** ********. *** the *** ** ** head, ******** ***** ***, *** ******* ********* (now ********* **), **** multi-imagers, ****-**** ***, *** ******** ****** manager, ****** ** **** applications, *** **** ** positioning *******,*** *** **** *******, ***., ***.

** *** * *** mention, ** ******** ***** agree **** *.*** ** the ******* '*****' *** if * *** ******* Hanwha * ***** ********* use **** ** * point ******* ****. *** support *** *.*** *** improved, ** *.***'* **** barrier ** ******* (***** was * ******* * year *** *** ******). There *** ***** ****** with *** **** ********, ***** ***** ********* *** ***** *.*** ** quite ****** ** ******, but *.*** ** ****. If **** **** *** roll *** *.*** ** 2018 **** **** **** a ********* *******.

****** ** ****** *** heals ** ****.

****** *** * ***** focus *** ****** **** and **** **** ******** is *** ***-****** ****'* scheduled *** ******* **** May. ** **** *** *** sensor ***** ** * ****** housing. *** *** **** modules *** *************** **** 2.4, *.*, *.* *** 6mm **** *******. **** ** $1100 *** *** ****** and $** *** **** lens ******.

****** ***** *******   

****'* ****! *** **** manufacturers ********* **** *** products ** ****** *** the ********.

* **** ************ ** an **** ******. * pulled * ****** **** my **** *********** *** compared ******* **** ** XND ****** ******. * wanted ** **** **** I *** ****** *** right ******** *** ** organization. ***** **** - the ******* *** ****** capture ** *** ****** was ******** ** *** AXIS ******. ***** *********** on ***** ******, ***, Analytics, ***. ***** *** all ***** ********, ***** many ******* ****. *** ultimately ** **** ****** can *** ******* ****** images **** *** ** not **** ** ********* camera. ** ********* *** cameras ** ****** *** Frames *** ******* ******* we ** *** **** 30fps. ** **** ** anywhere **** **** ** 10fps. ** **** ****** is **** ********* *** good ***** ** * ****** object *** ** ***** 4 ****** *** **** problems. ****** ***** ****** 100% *******...*** ** - that ** ****.

* ** *** **** what *** ****** ***** for ******. *** * can ** ** **** they **** ********** *** keep ***** **** ** what **** **** **** doing.

***** ** - *'** been ** *** ******** for ** *****. *'** seen *** ********** ****** throughout *** *****. **** is *** ***** ****** I ** ********* *****.

#*****

*** *** ****** ********, gain, *********** ** ****** camera ** *** *** leave **** ** ********? 

*** ******** ************** **** tuned. ******** *** *****... and *** *** ******* allow *** ** **** the ********-***** *** ***. I actually ** "****" ***** the *** ******** *** make **** ** ** a ******** ** *** frame **** ** *** recording. Test *** ********* ** a **** *** ****** space. **** * **** I **** *** ******** a **** ****** ** succeed. ** * ****'* **** to **** *** **** results, *** **** **** do *** ****.

* **** *** ******* question ***** ***** ****** I ******. * ** not ****** *** **** model. ******* *** **********. I **** ****** ********** about "********" ** "**********" of ****** ****** ** finding * ****** ***** was ********** ****** *** captured ***** ******* **** me a ***** ******.

* ******** *******, *** I ********* ** ******. I ** *** **** to ****** ******, * am **** ********** ** opinion *** *** **** I ***** ****** *** been ** * **** path. * *****'* **** commented ** *** **** my ******* ***** **** the ******** ** *** cameras.

* ****** *** ******* cameras. ** *** ******* there ** * ********** AXIS ****** * ****** test *******, **** ** out *** * **** test. **** *** * good ***** ***. * ** not **** *** ********** the ******* **** ****** in, ** *** * financial *********** **** ****** lighting ** *** ******** of *** ******* **** dynamic ******** ** ***** points *** ****** *****. So *** *** ********.

****** *** *** ****.  It ***** ** ******* to **** **** ***** numbers ** *** ******* you ******. 

*** *** ****. * had * ************ **** an *** **** ******** who **** ** *** embarrassed ** *** **** camera ** *** ******** after ****** * **** of * *** ******* camera, *** *** ****** by **** *****. ***** out, *** **** *** a * ** ** year *** ***** ****** at ****** $***, *** the ******* ** * recent *** ***** ***, sub $***. *** *****, he *** ********* ******* was * *** ******** "brand" **** **** ******* of **** **********. * chose *** ** ***** this *****. 

******** ** ** ** are **** ******* ** both **** *** ******... Unfortunately *** *******

*'* *******, ***** **** ****** were *** ********* ** which ****** ******?

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