Imaging Var and developer Active Imaging is going for a stock market listing on the AIM market later this month, with a share placing through broker Beeson Gregory.
Finance director Raymond Fagan said the company was looking to raise u5 million, and is looking for a market capitalisation of u20 million. The placing share price will be set this week. In the year ended December 1995 the firm turned over u5.1 million and made a pre-tax loss of u552,000.
Chief executive John Osborne said the company targets three markets: the Internet, traffic management, and security and surveillance. Osborne said the Internet represents a huge opportunity as Mv-Net, its video camera and Web server offering, provides both data and images to Internet users. 'It means you can pull up images almost as fast as Netscape can run - you can give live verification of merchandise on the Web,' he said.
The company is trialing its traffic management system in Houston, Texas at the moment. Osborne said the system is able to count cars and will ultimately be able to identify makes and models.
Other imaging products only deliver volume, not information, he said. Its digital camera is also being used for surveillance in airport car parks. 'In five years all security cameras will be digital,' said Osborne.
The Active Imaging group consists of value-added imaging reseller Data Cell; AI, which develops and sells imaging products, including the Invision digital camera; US-based firm ATM, which develops the Invision camera for traffic management; and OR Industrial Computers, a distributor of imaging products. The chairman of Azlan, Mike Brooke, is also chairman of Active Imaging.
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