Guide Infrared Reports 20-Fold Q1 Revenue Growth Amid Sluggish Economy

Guide Infrared

AsiaNet 84141

 

WUHAN, China, May 25, 2020 /PRNewswire=KYODO JBN/ --

 

Guide Infrared ("the Company"), a leading Chinese manufacturer of infrared

thermal imaging systems based in China Optical Valley, has released its

first-quarter earnings snapshot. In the first quarter, Guide Infrared is

expected to book a profit of 17 million to 22.6 million USD (120 million to 160

million yuan), expanding over 20 times from 840 thousand USD (5.97 million

yuan) in the same period last year.

 

Video - https://cdn5.prnasia.com/202005/guide_infrared/video.mp4

GUIDE IR Fever Warning System Applications

 

The market demand for infrared thermal imaging systems has significantly

increased as a result of the Coronavirus pandemic. Powered by a mature supply

chain and capacity management systems, Guide Infrared has so far delivered over

30,000 sets of GUIDE IR Fever Warning Systems - a type of automated thermal

imaging and warning system for fever screening - since February.

 

In response to rising numbers of cases and escalated supply chain pressure,

Guide Infrared launched an emergency plan to partner with suppliers to help

employees return to factories, resulting in production levels of 1,000 sets of

equipment per day. To help contain the outbreak, batches of Guide's IR Fever

Warning Systems have been installed in public and private spaces such as

transportation hubs, hospitals, large enterprises, hotels, and shopping malls.

 

"During the fight against SARS in 2003, we successfully developed  first-

thermal-imaging IR Fever Screening System. Now, 17 years later, we've upgraded

our R&D capability to produce thermal imaging cameras powered by artificial

intelligence and facial recognition technology to conduct fast and accurate

temperature measurement in vast spaces," said Huang Li, Chairman of Guide

Infrared.

 

The Company's latest thermal imaging fever screening products are

continuously-optimized through software, hardware and algorithm upgrades, based

on deep learning neural networks. To diversify application scenarios, Guide has

rolled out a series of thermal imaging systems including fixed-mounted IR Fever

Warning Systems, Handheld Fever Screening Thermal Cameras and fever scanners

for smartphones.

 

Considering safety issues brought by the pandemic, China has moved the China

Import and Export Fair (Canton Fair) online, which will take place on June 15

to 24, where Guide will participate and demonstrate all Guide's best-selling

thermal imaging products including the three of the above-mentioned products

via live-stream, which will be available on the Company's official Facebook

@GuideSensmart.

 

About Guide Infrared

 

Founded in 1999, Wuhan Guide Infrared Co. Ltd. is a Shenzhen-listed company

focusing on infrared thermal imaging technology. Backed by the 20 years'

experience in the infrared industry, Guide Infrared develops affordable

infrared thermal imaging cameras and solutions. Intending to make infrared

technology more friendly and accessible to the public, Guide Infrared focuses

on making everyday use products designed to make electric power inspection;

facilities maintenance; industrial automation; fever screening; security

monitoring; law enforcement; search and rescue, as well as outdoor night

vision. www.guideir.com

 

SOURCE: Guide Infrared

 

 

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