China Security & Surveillance Technology (CSR) Signs MoU's with FalconStor (FALC) and FLIR (FLIR)
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China Security & Surveillance Technology, Inc. (NYSE: CSR) today announced that the Company has entered into two non-exclusive Memorandum of Understanding agreements with U.S. technology companies that are intended to strengthen the Company's security solutions offering.
The first agreement is with FalconStor Software, Inc. (Nasdaq: FALC). CSST and FalconStor are exploring technologies in areas of data storage and protection solutions. This will further increase the efficiency and effectiveness of the centralized network control centers managing the cameras and data obtained from remote sites. FalconStor's advanced technologies will add further strength to CSST's product offering as it competes for Safe City projects in China. As part of this agreement, FalconStor will also assist CSST with products and marketing development in the global market through its existing distribution network.
The second agreement is with FLIR Systems, Inc. (Nasdaq: FLIR). Under the agreement, CSST's wholly owned subsidiary, Changzhou MinKing Electronics Co. has selected the thermal imaging core component produced by FLIR Systems to be integrated into Minking's security camera solutions. The core components will upgrade Minking's cameras with thermal imaging capabilities that can be used for commercial security applications, including perimeter security, ground-based anti-smuggling installations, and airport security. In addition, both companies will work together to explore other technological applications for the security market.
China Security & Surveillance Technology, Inc., through its subsidiaries, engages in the manufacture, distribution, installation, and maintenance of security and surveillance systems, as well as in the development and integration of related software in the People's Republic of China.
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