Pelco Sold Off, Now Independent

By John Honovich, Published May 28, 2019, 09:44am EDT

Pelco has been sold off by Schneider Electric, completing Schneider's terrible tenure, but giving Pelco a chance at life.

IPVM spoke with Pelco's CEO Jean-Marc Theolier about the future of the now independent Pelco. 

The ****

*** ***** ************** ** ***-****, ** IPVM ********, *********** ** ***** 2019 **** ********* ************ and *** ********* ** May ****, **** ****************** * ***** *********:

********* ******** ********* *** sale ** ***** *****-********* (France), ** *** ****: Schneider ******** ********* ***** that ** *** ********* the **** ** *** Pelco ******** **** ** Transom ******* *****, * U.S.-based ******* ****** **** in **** **** *** terms ********** ********* ** March **** . ********* consultation **** *** ******** works ********, *** *********** closed ** **** *** 2019.

Valuation ***

*** ********* *** *** disclosed *** ** ** certainly ***, *** **** than *** $*.* ******* that ********* **** *** Pelco ** ****. ** estimate $*** ******* ** less. *** **** ****** point ***** * **** is *********'* ***** **** release **** *****:

** ***** ******* * noncash **** ** ******** of ** ** €****

**** *** ************* **** executives *** ********* *** deal, *** ********* *** clearly * ***-$*** ******* valuation.

Buyer *******

*** ***** ** * private ****** ****,*******, ***** ******* ****** as ********* ********** ** companies **** *******:

** **** ********* * systematic ******** ** ***** creation ***** ** *** ARMOR℠ ***** ******** *******, which ** ** ******* that ****** *** ***********, *************,********** & **********, *** ******.

***** ** *** ******** and ** * ********** of ****-***** ****** ******* for **** ***** ** the ********** ******** ** create *********** ****** ********, create *** ******* ********, drive ******* ******, ******** waste, ******* **********, ******** service *** ******* *******, source ******, ******* ********* and **** ********* *** their ********* ***** ** new *******.

***** ***************** **** ************, ********* ***** ************, ******* ************, ***. ***** *** raised ******** ***** *****'* fit.

*******, ******* **** **** technology *********, **** ********, * *********** ************,********, * ********** ******** provider,  ********-******, * ******** *** doorbell ************.

Pelco ****

***** ** *** ***********. While ******* **** *****, Pelco **** ** *** independently.

*****'* *** **** **** that *****'* ******** ******* the ****, *********** *** long **** **** ** being * "****** ** predictive ***** ********* ********" as **** ****** ***** VMS, ***** *** ** offerings. *** ******* **** said **** **** ****** committed ** ***** ** end-to-end ********, ********* ************* cameras (*** **** ** China).

******** **** **** ** is ********* ** ******* with *****, ***** *** a ******** *********** **** he ***** **** **** tenures ** ********* ********.

5-Year ****

***** **** **** "**** and *** ******* ** a * **** ***** plan" ** ******** ** concerns ***** ******* ******* them *** ** *** short ****.

Investment **** *****

***** ******** ******** ** get **** *********, ****** it ***** ***** ** the *******, ** **** that ******* *** "********* a *** ** **** on *** *********** ****" and "********* **** ****** to ********** ******* **** of *** ********". ******* ongoing *********** **** ***** will ** ********* *** even ******** ** *** company ***** ** ******* its ********* **** **** plans.

*******

**** ********* **** **** off **** ***** **** week ** *** **** closed. ***** ******** ******** to ******* ******** ******* or ********* *******, ** noted *********** ***** **** a ******** *********** ** a ********** *******, *** the ********* ****** *******.

** ** *** ********** the ******* ** *** choices, *.*., ******** ******* say **** ** *** training ********** *** *** go. *** ***** ******* come ***** ***** ** layoffs.

***** **** **** ** prove **** **** *** rebuild.

Positive ***** / ** *********

***** ********* **** **** of ****** ******** ** * decade ** *******, ***** *** ********* hurt ** *** ********** expansion ** ******* *************.

**********, **** **** ****** at * **** ***** the ***** ** ***** a ******* ***** ************ manufacturer *** ********* ************* as *******, **** *** potential ********* **** *** severe ********* ******* *** mega ******* *************. ***** has ** *********** ** take ********* ** ****.

*******

***** ***** **** ********* is ********* ********. ** was *** **** ********* would ******** ****** *** how ** *** ***** in **** ********.

*******, ** ** *** know *** ********* *** strong ******* **** ** as ** ***** - are **** ******* ** put ** *** ****, money *** ********* ** rebuild *** ****** ******? It ** ********* ******** to ** **, *** they **** ********* ********** to ** ** ** they *** ******* *** able ** ****** ** the **** ****.

Vote / ****

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

***, *** ********,******* *** ****** ** announcement**** *** ********* *********:

**** *******, ******** ******* ** Transom ******* *****, ****, “As **** ******** ******** experts ****, ***** ** one ** *** ******** of *** ***** ************ space. *** ******* ****** creating *** **** ***** breakthroughs ** ***** ******** begins ***** ******* *** investment ** *****. ** have ********** **** ***work **** **** *** **** ******* ***** ** ********* *** ******* **** * *********-***** ******** ****** **** ********** ********, ********, *** ******* ********* ** ****** ********. We are excited to partner with management to grow the business for many years to come.” [emphasis addded]

** *** ******** ****, it ** **** **** Pelco *** * ******* and ** ** **** that **** *** **** plan ** '*******' *** 'many ***** ** ****', however, **** **** ***** the **** '** ****** complete' ** ******* *****. As * '********, ******** and *******' ******** **** are **** ***** *** tens ** ******** ** investment ****** ********, ** pick *** **** ******** and ****** **********. ***** can ******* *** ******* has ** ********* **** most ** *** **** still ***** ** ** done.

Comments (59)

* ***** ********, *** I******** *** **********.  * believe **** ******* **** be ********** *** ********** of ***** * ****** leader.  ******** ***** ** that **** **** *** expectations ** *** ******* public.  There *** *** *********, in *** ********, **** have **** ********** ** this **** ** * turn ****** *** ******* around ********* **** *** that ** **** *** off ****** ** **** challenging.  

*** ***** ******* ** Apple ** ****** ***** are **** **** ** Penny's, ************, ********* *** PanAms.  

** Warren ****** says: "Both our operating and investment experience cause us to conclude that *********** ****** ****, *** **** the **** ******** *** talent *** **** ****** employed ** * **** business ********* ** * fair ***** **** ** a **** ******** ********* at * ******* *****."

** *** ******** **** there ** ** *** ******* could ** ***** **** ********* did, *****?  ** *******, I *****??

"*****'* *** **** **** that *****'* ******** ******* the ****, *********** *** long **** **** ** being * "****** ** predictive ***** ********* ********" as **** ****** ***** VMS, ***** *** ** offerings. "

** ***** ** ***** to ******* ** ***** things ****'** ***** **** well?  **** ********* *** same ******** **** *** to ******* ******, ***-**** and * ****-****?  *** remaining ********* ***********' *** on *** ****.  ****** reconsider **. ********!

* ***** ***** **** they ***** ** ********** by **** ********* ** their ********.   **** ***** Dome *** *** *******, specialty ******* & ********** for ****** ************, ***.  Offer ********* *******.  * know *** *** ****** is ** ******* *** it ***** ******.  **** is *****, *** "*** from *****" **** **** help.

** ***** ** **** Pelco's **** ** *** center ** *** ******** in **** *** ****.  They *** **** ****** to ******* ** **** accept **** *** ***** on ***** *********.

*'* ******** ****'** *** as **** ********** ** years ***** *********.  ** may ** **** **. Theolier ****** (*** ****?) on ***** ** *** through *** ******* ** this ****; *** **** of *** ***** ********* calculus ** *********.

"Pelco's ******** ******* *** ****"     Wow!

***'* **** *** ********** of ********...********* ********* ******* from ***** *** **** thing **** *****?? 

***** ** *** ***********. While ******* **** *****, Pelco **** ** *** independently.

******?  *****’* ***** **** it ** **...

******* ***

********* * ********** ******** to ***** ******** ***** as *** *****℠ ***** Creation *******, ***** ** an ******* **** ****** for***********,*************,********** &**********, *********.

***** ** *** ******** and ** * ********** of ****-***** ****** ******* for **** ***** ** the ********** ******** ** create *********** ****** ********, create *** ******* ********, drive ******* ******, ******** waste, ******* **********, ******** service *** ******* *******, source ******, ******* ********* and **** *********...

*** *** **** **** Transom *** "********* * lot ** **** ** the *********** ****" *** "investing **** ****** ** accelerate ******* **** ** the ********".

 

*********** ******* **** *** independent ** * ************, other ******* ** **********. Think ***** *** *** integration ** ***** *** Kantech / ******** *****, or ***** ********** *** SE ********** ***, ***.

********* *** ***** *********** of ***** ****** ***, in *** ******* ** this ********, **** *** independent ** *** ***** products *** ******* *********.

*********** ******* **** *** independent ** * ************, other ******* ** **********.

*** **. 

*******, ** **** ******** 

************ **** *****, ***** will ** *** *************.

***** ******* ** *** word “*****” *** ********?

******** ******* **** *****, ***** will ** *** *************.

As **** ** Transom owns Pelco, Pelco will be run independently.

 

 

 

* ***** '********' ** in ******** ******* ******* owns *****, **** ******* is *** ******* ** in *********** **** ******** else.

*** *******, ** *** contrary, ** ***** ***** have **** ******** ** UTC ** ***, * would *** ***** ***** was *********** ***** *** and *** **** ** cross-sell / ******* ***** acquisitions.

***** ***** ;-)  * have ** ***** **** "independent" **** **** ** pause.  * ********** **** context, ** ********** *****. 

** ********** ** ** independent ******* ***** ** one ******** ********** *** **** ****** or *****.  *** *******: Genetec & ****** ****.   Regardless, *** ********* "******" on *********, ***********, *****, customers.....  

*** ******* ** ** that *'* ******* **** after * **** *** until *** ******* **** down?

*********, ********* ******** (** an **********) ** *** free **** *****, ** a ************.

** **** ******** *** them ** ****?  **** they **** **** ** the ****** ***********?

* ***'* **** ****** about ********* ******** *** integrator ** ***.

******* ** *** *** station ** *** ****** of ******* ******* ********* and ***** ****** ***********. The ******** ** *** is ******* ******** ** sell ***** ** ** the **** **** ** two ***** **** ***** some *****.

**** **** ** **** them ** **** **** first ** *** ********** large *******. 

*** ******** ** *** is ******* ******** ** sell ***** ** ** the **** **** ** two ***** **** ***** some *****.

*********** *****. * **************'* * '****** ***** investment' ********, * ** **** were **** *** **** a **** ** *********, another ** ***** * years *** *** ** just **** * *****.

* *** *** ***** to ***** ** ******* and ******* ****** ******* on **** ** **** want ** ***** *********** with ******** (****** **** plan ** **** ** 6 ****** *** ** that ****, ***** ** well *** ******* *** a *** ****** *** unload).

*** ******* *** **** of ***** ************ ******* after ***** ******.

******: ***** **** **** "**** and *** ******* ** a * **** ***** plan", ** ******** ** this ********.

**** ***** *******

**** *** * **** year ****, *** ***** ago. ***** *** **** got ****?

***** ** *** ***, all *** ***** ***** and ********** ****** ***** are **** ****. ***** will ***** ** “*****” again.

**** ***** ******** ******* in *** **, * true ** ****** *** an ***** ** **** reach ********** ******.

* *****. *** ****'* not *****.

*** *** *** **** is **?

* ** ********** ********** that **** *** ***** product ********** **** ***** arise **** *** *****.  I ***** ***** ******* for *********** ********.

 

***** *** *** ******* line ** * ******** due ** *** **** to ******* ** **** legacy ********.  ***** **** to ******* ****** ***** and ***** ***** **** their ****** ******** ** both * ***** *** a ********.  ** ** a ******** ** **** have * ***** ** customer **** *** ** cuts **** ** **** of *** ******** *** and ******* ****.  ****** equipment ******* ** * curse ******* ********** *** this ****** **** ***** a *********** ***** ***** of ************* **** *** tarnished *** *****.  ** some ***** **** **** to *** ***** ***** and ***** ***** ******* on ***, ********** ******* like **** **** ** when ********** **** *** need ** ******* ******* dead/dying ********.  ********* *** Bosch **** ****** **** this *****/********.

* **** *** ****** at ********** ****** *** there *** ** **** promise ***** ** ******* are ********* ** ***********, DSSRV *** ****** *** put ** *** **** category ** ******* **.  Mounts *** ***** ******** (see *** ***-** *** a ******/***** ***) **** one **** ********* ** Pelco.  * **** **** is ***********.

* **** ******* ** another ** ************ **** is ***********.

"***** *** *** ******* line ** * ******** due ** *** **** to ******* ** **** legacy ********. ***** **** to ******* ****** *****"

***** ** ** *** have ** **** **** they *** ***** ***** now, ** ** ***** in *** **** * years... ** ****'* *** reason **** **% ** your ******* ** ***** the ********** ** ****** legacy.

**** *** ** ************ amount ** ******** **** their *********.

**** *** ******** ** scale **** ********** **** Clovis **** ****.  *** there *** **** ****** pressure ** **** ***** VMS ** **** ** support ***** ***** *******.  However ** * **** up ** ***** *** today ** *** ** I *** ***** ****** firmware ***** ******* ******** with ** * **** old ******, **** ****** Endura ******* ****** *****, and ***** ** **** VideoExpert ** * **** L3 ******* **** **** the ****** **?  *** answer **** ** * resounding ***.  *** ******* will ** ****** ******* where ****** ****** ***'* route **** *** ******* and * *** ** spend * ***** ***** day **** ******* ****** into *** ******.

* **** ***** ****.  I **** ****** ** out.  **** ********** *** vary.

***** ******* ***** ** far ****** ******** ** wholly ********* *** **** at * **** ******** if **** ****** ** keep *** *******.  *** damage ***** **** ** irreparable.

***** **** ***** *********** their *******? 

**** ***'*, **** **** switched ** ****** ** ODM/OEM ***** *** *************.

****** ******, *** ******** the *** **** ** China. ***, **** **** chips.

*** *** *** **** is ************ ** ****** with ****** ********* *****, see: ***** *** ** **** Camera ****** (******-****)

****, * ***** ***** isn't ******** **** ** the *** ** ********** sales ** **** ** their ****-****** ********.

*********** #** - * would ********* *** ** visit *** ******* **** at *****.***.  ** **** detailed *** ******** ** support *** ******** *** end ***** *** ******* NDAA ********* *******.  ** even ******** ******* *** all ** *** *** non-compliant *******.  ** *** in * **** ****** position ** ******* & sell ** *** ************* that ******* ** **** to ******* *** **** legislation.  ** ****, ** currently **** **** * products ** *** ****** lineup *** ********* ******* compliance.

***** ** *** **** - *** * ***** encourage *** ** ***** out ** **** ***** Pelco *** ** *** want ** **** * deeper ********** ***** **** topic.

*****://***.*****.***/****

******* ** ********** ** my *******.  ** *** analog *** * ***** Pelco *** ***** **** support **** ** ** the ****. **** ******* needs * *** ** improvement ** **** *** allowed ** ***** ** independent *** ***** ** the ***** ****** *** invest ** *** ***** technology, ***, *** **** can ** ****... *****.

******. * **** ** get ** ****** ****** on *** **** ****** three ***** **** * called ***** *******; * ****** viewed **** ** ** indicator ** *****'* *********** ****** ** be seen ** * ******** light. Long **** *** ***** days. ***** **** *** towel *** ****** ** years *** *** ***** **** ** the **** ** ****.  

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

***, *** ********,******* *** ****** ** announcement**** *** ********* *********:

**** *******, ******** ******* ** Transom ******* *****, ****, “As **** ******** ******** experts ****, ***** ** one ** *** ******** of *** ***** ************ space. *** ******* ****** creating *** **** ***** breakthroughs ** ***** ******** begins ***** ******* *** investment ** *****. ** have ********** **** ***work **** **** *** **** ******* ***** ** ********* *** ******* **** * *********-***** ******** ****** **** ********** ********, ********, *** ******* ********* ** ****** ********. We are excited to partner with management to grow the business for many years to come.” [emphasis addded]

** *** ******** ****, it ** **** **** Pelco *** * ******* and ** ** **** that **** *** **** plan ** '*******' *** 'many ***** ** ****', however, **** **** ***** the **** '** ****** complete' ** ******* *****. As * '********, ******** and *******' ******** **** are **** ***** *** tens ** ******** ** investment ****** ********, ** pick *** **** ******** and ****** **********. ***** can ******* *** ******* has ** ********* **** most ** *** **** still ***** ** ** done.

**, ******* *****. ****** read **** ****

** **** ********** **** the **** **** ** the*********** *****.....

**** ** *** ******** for ** ******* ***** Pelco, **** ***** ******** performed ******, **** ****** to ***** *** **** absolutely ******** **** **** on * ***** ***** VMS **** *****, *********, avigilon, ***...

** **** *** **** make **** ******* **** perform ****, ****** ** setup *** *** ** used ** ***** *** platforms ****'** **** **** a **** **********. **** wanting ** ***** ** analytics ** ****** **********. Talking ***** ******* * 5 ****** **** **** they ***'* **** **** a **&* ********. ********** pelco...

**** *******.

**** ******* ** *******.

**** ****** ****** ******* in *******.

**** ******* **** **** WELL ** ** **** open ********* ** ********

******* ******* **** *******

*** ***** ***** **** a *** ****** ** they ***** ** **** integrators *** ***-***** ****.

**** **** ****** **** is *** ********!

**** ****** *** *****, some ************ ** *** Pelco **** *******:

*******, *** **** *** I ******* ** *** going ** ** **** worse. ******* ** ********** *** *** *******/***** deal, **** *** *** with ** **** ** postive, **, *******, *** 57 ********.

****, * ********** ******* sign, *** *****, *********** were ******** *** ******** with * ** /**/** breakdown ******** ** ************* who **** *** ******** with * ** / 28 /**.

***** ***** *** * lot ** **** *** Transom ***** ** ** willing ** ******** *** money *** **** ** make **** ****** *** overall ***** ***** ** be *********** ** * turnaround ** ***** *** put *** **** **.

******* ***** ****** *** a ******** *******, ***** did.  ***** *** ***** when ** *** *********.  At **** ***** * think ******** ******** ** is ***.

* ****** ** *** Verkada ** ********* ** Pelco **** **** *** their ******* *********.

********* *** ****, *** Verkada.

* ***** ******** **** a *** ** ***********.  They **** **** ** the ** **** *** hurt **** ***** *** they **** ***** ****** and ***** ******** **** were **** (****** *********, a *** ** ** left/layed ***) *** **** the ************* ********* ** make ***** ******* *** Clovis ** ***** ***-********.  Maybe ** ** **** to ***** ****** ******* in ******* ***** :-)

* **** ***** **** closely!

 

** **** ** *** thought ** ***** * competitor ** *** ************ industry ** *** **** strong **********, * ***** this ***** ****! * give ** * ****** up. ***** ** **** of **** ** ** done ** **** *** Pelco **** *** ******* great *** *********** ****. It ***** ** ***** to *** *** ***** brand ****** *****. ******* all ******** *** **** of ****! 👍

*** ****** ***** * compelling ****** ** ******* Pelco ** **** *****?

** ******* *** *** positive *********** **** ***** in *** ****, * would ******** **** ** see * *******.  ****, I ***'* *** *** it *** ******.  **** would **** ** **** a *** ****, **** cameras / ******, *** just ***** ** ****.  If **** *** ** remain * ***** ********, there's **** ** *** they'll **** *******.  

*** **** *** **** definitely ******* ****, *** as ** *** ** the ******* **** ********** this ****, ******** ***** a **** ******** *****.  That ****, *'* **** much ****** ******* ** Tiger ***** **** *****.

********, **** ***** **** pretty **** ******.  ** they ****'* ****** ** NVRs, ***, *** ***** items **** ****** ***** at ***** *** **** at ********* ****** **** mediocre ** **********.  ** would ** **** ** have ** **** ****** manufacturer ** ******* ******* Axis **** * **** range ** ****, ********* mounts **** **** ***** and **** **** ** be **** ** ** properly.  **** **** *** only ****** ********* ** mount ****** ** *** past *** ***** ***** Pelco *** ********* **** backwards.

** ***** ** *** other ***, ***** **** choose ** ***** ** VMS *** ****.  *** at **** ***** **** just ***** *****.  ** would ** ****** ** cut ***** ******* ****** and ****** *********** ** focus ****** ** ***********.

** *** *** ********* they ****** **** ** specialize ** ****** * ton ** ******* *** development.

** *** ***** *** visit **- ** *** to *** ****** * rip *** *******- ** asked *** *** *** plans ******* ** ******* and ** **** ** really *** *** ******** with ***** *********. *** jaws *******.

*'* ********* *** *** asking * *** ***** environment. ** ***** * lot ***** *** ** well. 

*** ****** *** *** over *** ********* *** you *** ** **** they *** *** ***** about *** ******. ** is *** ***** ****. This ** *** **** are ****** * *** of ***** *** ******* managers, ********* *************, ***.

*** *'* *** ******* about *****, *'* ******* about *** **** ** a ***.

* **** **** ***** your ******* ****.

*** ****** *** *** over *** ********* *** you *** ** **** they *** *** ***** about *** ******...

***, ******* ** *** Steve **** ****’* ***** of *********’* ******* ****, or *** **** ***** knows ** ****** ***** Google’s ***** ********, *** how **** ********** ** clueless ***** *** ** them...

* ********** **** *******, but *** *** **** like *** ******* **** what **** **** ***** others ** *** ******. I ***** *** ********* with **** ***** ***** knowledge. ****'* ***?! :)

**** * ******* ** understand **** "******" ***** as *** ****** **** of ** ***** ***********...

* ********** **** *******, but *** *** **** like *** ******* **** what **** **** ***** others ** *** ******.

**, ***** **** ***** jaws *******’* ** ****** dropping ****:

*** ****** *** *** over *** ********* *** **************** *** *** ***** about *** ******.

*** *** *** ****, create, *********** *** ********* a *******'* ******, ******* and ********* ******* ** understanding ** *** ******? Not **** *** ***'** even ****** ** **** this *****. ***'* **** their ******* ** **** wouldn't ** ***'*. 

* ******** ***** ***** has **** ******** ********* the ******* ****** **** the **** *** *****. VideoXpert ***** **** *** is ********** **** ** set **, *** ******* are **** ****, *** Optera, *** ***** ***** camera, ** *********.

*** **** ******* ** on *** **** **** companies ***** **** *** seems ** ** (********) held ** *** ******** that **** ******** *** years *** *** ** just *** *********** ** today's *******.

*** **** ****'** *** from ***** *** ********* Schneider, *'* ******* ** see **** *** ****** holds.

***** ******* ** ** the ***** ***** **** in *** **** **'* Early **'* ***** *** truck **** ****** ****** off *** **** ****** old **** **** **** brand ***. ** *** WAS ****** ****!     

***** *** * *** of *** ********* *** reputation ** *** ****** them.    ** ***** could **** ****** **** may **** * **** of ******* **** **** the *** ******.

* ***** ***** ***** for **** ***** **** in *** ****** **** but *****'* **** ******** exciting **** **** ** a **** ****.

* **** **** *** the **** **** ***** new ******, ********* **** have ****** ** ***** tanks ** **** ** back ** *** *** of *** ****.  ***** certainly *** * **** uphill ******* ***** ** them **** **** ** competition ***** ** **** with ***** ** ********** and *******'* ** **** market.

 

 

 

***** ******* ** ** the ***** ***** **** in *** **** **'* Early **'*

* ***** ** ***** the ********:

*. *** ******* ******* company, ********* **** ******* line ****** (***)

*. ******* ********** *******.

*. **** ** *****, sell *** ** * company **** ****** *** product ** *** ******** resources. (*******)

*. *** ********* ** a ******* ****** ****.  Watch ** *** ****** remaining ***** ** ******** off. (********)

*. *** ****** *** by ********** *****

*. *** ********* ** another ******* (****)

*. ***** ** ****** that *** ** *** value (****, ***) *** shopped ****** ** ********* anyone *** **** *** - *******, ***, **, VW, *** ******** ** other ********* ** *** time *** **** ****.

*'* ******** ***** ** somewhere ******* #* *** #4 ***** ***.  ********** bailouts ****'* ** ****** for *** ********, ****** in *****.

* ***** ***** **** its ****** ** ****** relevant **** ***** ***. Yes **** **** ********, but **** *** *** remain ********** ****** ** keep ******* *** ****. They **** *** ** much ************* **** ***** of **** *** ** mention ******** ** ** do.

"*****'* *** **** **** that *****'* ******** ******* the ****, *********** *** long **** **** ** being * "****** ** predictive ***** ********* ********" as **** ****** ***** VMS, ***** *** ** offerings. *** ******* **** said **** **** ****** committed ** ***** ** end-to-end ********, ********* ************* cameras (*** **** ** China)"

** ** ******* *** statement ***** **** ** show **** *** *** of ***** **** ***. Industry ******* ** ***** Analytics, ***, *****, ** offerings, *** **** **** to ** *** ***-**-*** provider? *****, *** * don't *** * *********** vision ****. * *** a ******* ********** ** remain ******** ** ** industry **** *** ******* left **** ******. **** is **** ** ******** opinion ** **** *******. My ******* *****, * truly **** **** *** very ****.

*** ********* ***** **** to **** **** *** out ** ***** **** are

#**, ****** *** *** feedback. * *** **** some **** ***** ******* I *** ** ** the ************ ****.

*****'* ******** ******* *** same, *********** *** **** term **** ** ***** a "******

** *** ****** ** the ************, **** *** not *** ***** *** I *********** ** ** more ** * ********* statement, ************ ******* ** said **** **** ****. Most ** *** **** was ***** ***** **** concrete *****, **** ******* Schneider ******.

**** *****'* *** ***** that ** *** '**** term', **** **** ** a ********** ******? *****, but, ** ********, ** seems ****** ******* ** the **** ***** ********** ahead ** **** ***** now.

**** **** ******** ****. Btw, * ***** **** your ********** ***** ***** becoming * ********** ****** even ** *** **** term *** ** **** simply ****** **** ** the ***** ****** **** Schneider, **** ***** ***** improve *************.

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