The Management Board of Mobotix, a company owned by Konica Minolta, has presented an updated midterm strategy including corporate planning for the next three years after pandemic and the new market conditions. This plan is based on detailed analysis and outlines revenue target of min EUR 90 million by fiscal year 2023/24 and an EBIT margin around 9% which corresponds to an annual average revenue growth rate of 11 %.

The growth drivers of the 3-year plan is based on a solution approach for 6 vertical markets to be addressed by a new high-performance camera platform with corresponding analytical software applications based on artificial intelligence, including cloud-based software applications. The artificial intelligence and big data integration with cameras open several new market opportunities also outside the traditional security markets in especially US and EMEA – hence focus on video surveillance referred to as “Beyond Human Vision”.

The product strategy includes expansion of the complementary product line Mobotix Move and a high-end expansion of the existing 7-series camera platform as well as contract developments in the hardware and software area for the majority shareholder Konica Minolta within the framework of the new IoT sensor platform Forxai.

The sales focus is based on developing Konica Minolta and Mobotix value proposition in selected vertical markets to end-users in co-operation with existing and new partners in US markets as well as EMEA, DACH and APAC. It furthermore includes additional development of Konica Minoltas global market presence.

M&A activities may be included as further drivers of this strategy following recent acquisition of Vaxtor Technologies in Spain.

Key points of the 3-year plan will be presented at the Equity Forum spring conference in Frankfurt in May 2022 but will already by March be introduced to key shareholders. The capital market advisor Montega will also publish an update of its study on the company in May 2022.

The board also included a statement about the Ukraine-Russia situation and stated. “We hope in the meantime for peace and send our most sincere thoughts to the people of Ukraine”. Mobotix has separately confirmed that all sales to Russia have been stopped with immediate effect.

In recent years, we have experienced extraordinary change and evolution in digital transformation globally. Digital credentials, digital identities and facial recognition are becoming the new standard across all industries, making Automatic Face Recognition a key technology to address the market’s needs.

Cognitec, a major and growing player in the Face Recognition arena, delivers via its proprietary technology, reliable identity, privacy, and security policy implementation. Investing in Cognitec allows SALTO to control the technology from its very origin, with a broad range of applications both for existing and future SALTO clients.

Cognitec, headquartered in Germany, has offices in Australia, Spain, and the US, including a large team of scientists and engineers dedicated to R&D at its German headquarters. Cognitec’s portfolio includes solutions for face image database search, recorded video investigation, real-time video screening and people analytics, border control, ICAO compliant photo capturing, and face image quality assessment. The company’s flagship FaceVACS algorithm has been continuously validated by NIST (National Institute for Standards & Technology) performance tests.

Since its founding in 2002, Cognitec has partnered with government entities, law enforcement agencies, and commercial clients in more than 50 countries. For example, the German Border Police use Cognitec technology to facilitate automated passport checks and biometric photo capture within the European Entry-Exit System (EES).

“Working with Cognitec gives SALTO the opportunity to integrate emerging biometrics, face recognition, and artificial intelligence technologies into our Group products and platforms to create new solutions and services that benefit all of our clients,” said SALTO Systems Chief Technology Innovation Officer Marc Handels.

“Cognitec’s technology is highly compatible and integrable across the SALTO product portfolio of access control, smart lockers, and booking and ticketing solutions. Incorporating applications like frictionless check-in and hands-free access into our applications will improve the SALTO customer experience whether it’s used in business, residential, or leisure and fitness,” said Handels.

Cognitec Chief Executive Officer Alfredo Herrera said he welcomes the partnership that will benefit both companies and all customers.

“SALTO is a strong company and is globally well-positioned. Their expanding footprint offers us an incredible opportunity to reach the fastest-growing markets in face recognition and at the same time, expand our established business with our mature face recognition products,” said Herrera. “Since our founding, Cognitec has been the only company worldwide that has worked exclusively on face recognition technologies. Because we’re innovators, it makes sense for us to join with a partner like SALTO, a respected leader in the security industry.”

The estimated market for security screening currently sits at around US$ 7.8 billion, and according to the latest research, released by Future Market Insights Inc, it is highly likely that this sector could approach revenues worth US$ 10 billion in the next two years.

The ESOMAR-certified research firm suggests that more than half of the total demand for security screening is being accounted for by the developed regional markets. East Asia however is cited as the most lucrative market for investors in security screening systems and solutions.

Rapid growth in the economy, necessitating increasing expenditure on the national and infrastructural security, will continue to push deployment of reliable and advanced technology enabled security screening systems. While analysis identifies an impressive rate of adoption within emerging economies, China, India, and Russia are more likely to be at the forefront of this growth, in the security screening market.

Airports generate maximum demand

Over 2/5th of the global security screening demand is accounted for by airports, which say the analysts, will remain the dominant application area for security screening systems manufacturers and suppliers. As government buildings are highly vulnerable owing to the voluminous sensitive information that they procure, public recreation areas such as malls are also cited as the next sensitive area for implementation of effective security screening. Border check points are also expected to emerge lucrative through the coming years, in the security screening market.

Explosive trace detectors, currently accounting for nearly 1/4th share of the total sales of security screening systems, will reportedly witness strong growth in demand through the coming years. According to the report, x-ray screening systems and biometric systems are also highly popular among the end-use application areas in security screening market. The collective market value share of the aforementioned security screening systems is just-under 50% and the report expects attractiveness of the latter to surge – with growing adoption of fingerprint and face recognition technologies.

Smart security screening trends

Looking at the loopholes in current security screening models in terms of efficiency and sustainability, airports have been accelerating the industry’s shift to smart security screening solutions, over the recent past. A combined initiative of Airports Council International (ACI) and the International Air Transport Association (IATA), smart security is emerging as a streamlined solution for airlines, passengers, and their belongings. Recently, Australia’s first-ever smart security screening checkpoint was unveiled at the Melbourne Airport.

Some of the most prominent companies operating in security screening market landscape, are Westminster Group, American Science and Engineering, Inc., Analogic Corporation, Argus True ID, Aware Incorporation, Digital Barriers, Mangal Security Systems Ltd., OSI Systems, Inc., Smiths Group plc, Laxton Group, Next Biometric, Aratek, NEC Corporation, and Cognitec Systems GmbH.

In a unified recognition that the energy sector has become the top target for hackers, together, Telekom, Hitachi Energy and Securitas have formed an Alliance against blackouts, in an effort to protect energy suppliers against attacks.

Telekom Security CEO Thomas Fetten: “Critical infrastructures are being attacked more and more frequently. The latest example in Portugal unfortunately shows how cyber attacks can affect networked technology. Electricity is particularly important. A successful, precise attack on this area of critical infrastructure would cripple life as we know it. The economy, too. That’s why we’re pooling our expertise in fighting physical attacks, just as we do against attacks from virtual space.”

Pierre-Alain Graf, Head of Global Security Business Hitachi Energy: “We have a saying: the future is uncertain but electric. We are addressing climate change with renewable energy from the sun, water and wind. And are generating electricity in an increasingly decentralised way. This inevitably makes us more vulnerable to attack. The partnership therefore extends the umbrella of protection to production technology.”

Anders Gustavsson, Head of Remote Video Solutions Securitas Services Europe: “Building a Fort Knox around solar farms and substations is not enough. Attackers shy away from robustly secured facilities. They move into cyber space. Together, no one can fend off attacks on company networks, operating technology and sites alone. That’s why we’re pooling our expertise.”

Hackers cut off power to more than 700,000 households

Attacks on the energy sector target society as a whole. Attackers include state-backed hacker groups. The German domestic intelligence services cite the intelligence services of Russia, China and Iran as the source of cyberattacks against German plants. In 2015 and 2016, hackers had sabotaged power supplies in Ukraine, highlighting the impact of such attacks for the first time. More than 700,000 households were without power for hours.

The energy industry represents the most critical of infrastructure. Targeted attacks on pipelines, power plants or substations are on the rise. Examples include Colonial Pipeline in the USA and the Danish wind turbine manufacturer Vestas. In Brazil, hackers targeted the nuclear branch of Eletrobras.

Energy sector in top three attack targets worldwide

The sector is one of the top-three targets for cyber criminals worldwide. That’s because the industry is now highly digital. Beyond corporate IT, smart operating computers with sensors control electricity. Digitally networked, they are also targets for attackers. Physical security is needed for plants in the energy sector. This is especially true for remote distribution stations, pumping stations and high-voltage pylons. If a hacker gets his hands on a control cabinet, he attacks from the inside. Even the best network firewall cannot protect against this. Here, for example, networked video cameras keep watch over the site.

Overarching protective shield

Securing critical infrastructures requires an overarching understanding of OT, IT and physical security. A team of experts from Telekom Security, Hitachi Energy and Securitas has developed an overarching approach in recent years. This combines physical protection with enterprise network and digital operational technology security. It enables critical infrastructures to meet protection and regulatory challenges.

SALTO Systems has introduced EAN13 standardized barcodes into its product packaging answering to partners and channel needs. The EAN code is a 13-digit bar code used internationally to identify each product. The International Article Number (also known as European Article Number or EAN) is a standard describing a barcode symbology and numbering system used in global trade to identify a specific SALTO product model, in a specific packaging configuration, with a unique identification number.

The use of EAN codes across SALTO products will allow partners and installers in the identification and distribution of SALTO products and reduce the margin of error within their own channels. One of the major benefits of standardization through product codes is having better warehousing processes and product tracking. The EAN code will allow SALTO and its partners to obtain valuable information about SALTO products, and optimize stock management, product information, operations, or even improve competitiveness.

The introduction of EAN13 codes will facilitate the selling and distribution of SALTO products across the channel. EAN codes help in distinguishing one SALTO product model from others easily and fast. These numbers are unique and describe the attributes of the products via identification marks. They can represent details like:

• The type of lock, cylinder, or reader model
• Technology compatibility
• Price, weight, or colour
• Manufacturer
• Country code
• Other product-related data

The EAN13 code standardized barcodes will be adopted gradually into the complete product range from SALTO.

Suprema, a global leader in access control, biometrics and solutions for time and attendance management, has certified its products and solutions by acquiring international safety certificates to ensure the highest level of security and protection.

Suprema’s four-door access control panel Corestation is its first controller to acquire UL 294 compliance, a certification that evaluates the safety and reliability of the product. Suprema’s compact outdoor RFID reader, Xpass D2 is SIA OSDP verified, meaning that the device conforms to the SIA Open Supervised Device Protocol (OSDP) standard and the related performance profiles. It ensures higher security than a common access control communication protocol by constant monitoring of wires and protecting with high-end AES-128 encryption.

Furthermore, Suprema continuously works hard to update and enhance data protection features to meet security standards. Suprema’s access control and time & attendance platform Biostar2 has acquired ISO 27001 and ISO 27701 certifications, which certify compliance with Europe’s General Data Protection Regulation(GDPR). Overall, these certifications ensure that Suprema access control systems have the highest level of protection against potential security breaches and vulnerabilities.

“Suprema not only provides the world’s leading biometrics security solutions but also takes the lead in the protection and safe use of biometric data, including facial and fingerprint information”, said Suprema Inc. CEO Hanchul Kim. “Suprema will continuously expand our investment in data protection by acquiring certifications to comply with the different regulations on a regional basis. Suprema will provide the most secure biometrics security solutions to the world so that people can enjoy the convenience and safety that biometric technology provides.”