View Systems, Inc. (OTC: VSYM) today announced they received their first Royalty checks from IPVideo Corporation (IP Video) from the distribution and sales of their state of the art ViewScan Concealed Weapons Detection System.
IPVideo Corp. is an established Long Island, New York Company that provides security systems to governments, schools and many other venues and has been devoted to the manufacture and distribution of View Scan and related products and technologies. Their vaping and THC detection capabilities are gaining global attention and being used by school districts across the country to combat the youth vaping epidemic. For more information about IP Video and View Scan visit, https://ipvideocorp.com/viewscan/
“This agreement has provided View Systems with a much-expanded avenue for distribution, funding for manufacturing and ability to satisfy current demand.” states John Campo, new Chairman of the Board of View Systems, Inc. “The synergies of IPVideo’s national business with schools, police and government agencies have provided an expansion of distribution channels that we were not able reach previously.”
“We have been providing school safety solutions since 1996 and had been looking for a non-invasive metal detection system to meet the needs of school districts clamoring for a solution to the increase in school shootings.” states David Antar, President of IPVideo Corp. “View Systems was the perfect match for us as it is proven to be safe, non-invasive, approved by the Department of Homeland Security and utilized in schools for the past decade. This solution adds to our mission of making the world a smarter and safer place.”
Recent industry reports of “Archway” or “Pass Through” Weapons Detection Systems estimate a CAGR of 5.25% during the forecast period of 2019-2025. Greater growth is expected in Asia and the Middle East where ViewScan has an established presence. Growth is also expected in Latin America where View Systems is establishing a manufacturing facility in Barranquilla, Colombia to supply an enhanced ViewScan product for delivery to the Middle East and other parts of the World.