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