Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Argus Reports Strengthened Results

  • 27 October, 2005 15:00

<p>Argus Solutions (ASV), the world leader in the development and delivery of iris recognition applications and solutions, has reported a strong start to the new financial year with more than 300% quarter on quarter growth in sales for the first quarter of 2006, to shareholders at its Annual General Meeting in Sydney today.</p>
<p>Argus Solutions Chief Executive Officer, Bruce Lyman, said that the company had achieved a number of milestones which positioned it to build on the momentum generated in the second half of 2005.</p>
<p>“We concluded our product development and responded to demand for multi-modal solutions (iris, face and fingerprints) for identity management. Our capability to satisfy this demand makes us unique in the Asia Pacific region.”</p>
<p>“We also established a Singapore sales base through the acquisition of the ImageWare Systems Inc (IWS) business there.</p>
<p>“The deal was particularly significant because it included exclusive distribution rights in the region for IWS products, allowing us to address multimodal opportunities in law enforcement and health markets, gave us contracts in Singapore, and entre to markets in Malaysia, Indonesia, Cambodia and Sri Lanka where that company was delivering products. It also set the framework for our market penetration in the US, with IWS to support the establishment of our sales force in the US. The positioning of Argus products through the five domestic IWS sales offices in the US, Canada and South America is already underway,” said Bruce Lyman.</p>
<p>Argus Solutions has also achieved a key objective of diversifying its sales. Remarkably, it secured sales into every segment which it targeted in 2005 and expanded into additional markets in which it intends to grow.</p>
<p>“In the first quarter of 2006 we have increased the segments we sell into and we’ve recorded the largest offshore sales performance in our history.”</p>
<p>“Through our partner reseller arrangements, we have increased our sales reach while at the same time protecting our margins,” he said.</p>
<p>About Argus Solutions Limited</p>
<p>Argus Solutions Ltd is an Australian listed company focused on identity management using its proprietary iris recognition software and its state of the art facial recognition technology. The company sells packaged solutions to its clients such as the military, government departments and blue chip companies seeking absolute assurance of identity in its access control functions, and to clients in specialist areas such as hospitals where controlling the dispensing of controlled substances via careful identity management is critical.</p>
<p>- ENDS -</p>
<p>For further information, please contact:</p>
<p>Argus Solutions Limited</p>
<p>Lindsay Yelland, Chairman +61 418 447 964
Bruce Lyman, CEO +61 408 200 333</p>

Most Popular

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Latest Articles


PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill


I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?