Country for PR: China
Contributor: PR Newswire Asia (China)
Monday, May 25 2020 - 18:49
AsiaNet
Guide Infrared Reports 20-Fold Q1 Revenue Growth Amid Sluggish Economy
WUHAN, China, May 25, 2020 /PRNewswire-AsiaNet/ --

Guide Infrared ("the Company"), a leading Chinese manufacturer of infrared 
thermal imaging systems based in China Optical Valley, has released its 
first-quarter earnings snapshot. In the first quarter, Guide Infrared is 
expected to book a profit of 17 million to 22.6 million USD (120 million to 160 
million yuan), expanding over 20 times from 840 thousand USD (5.97 million 
yuan) in the same period last year. 

Video - https://cdn5.prnasia.com/202005/guide_infrared/video.mp4
GUIDE IR Fever Warning System Applications 

The market demand for infrared thermal imaging systems has significantly 
increased as a result of the Coronavirus pandemic. Powered by a mature supply 
chain and capacity management systems, Guide Infrared has so far delivered over 
30,000 sets of GUIDE IR Fever Warning Systems - a type of automated thermal 
imaging and warning system for fever screening - since February.

In response to rising numbers of cases and escalated supply chain pressure, 
Guide Infrared launched an emergency plan to partner with suppliers to help 
employees return to factories, resulting in production levels of 1,000 sets of 
equipment per day. To help contain the outbreak, batches of Guide's IR Fever 
Warning Systems have been installed in public and private spaces such as 
transportation hubs, hospitals, large enterprises, hotels, and shopping malls.

"During the fight against SARS in 2003, we successfully developed  first- 
thermal-imaging IR Fever Screening System. Now, 17 years later, we've upgraded 
our R&D capability to produce thermal imaging cameras powered by artificial 
intelligence and facial recognition technology to conduct fast and accurate 
temperature measurement in vast spaces," said Huang Li, Chairman of Guide 
Infrared.

The Company's latest thermal imaging fever screening products are 
continuously-optimized through software, hardware and algorithm upgrades, based 
on deep learning neural networks. To diversify application scenarios, Guide has 
rolled out a series of thermal imaging systems including fixed-mounted IR Fever 
Warning Systems, Handheld Fever Screening Thermal Cameras and fever scanners 
for smartphones.

Considering safety issues brought by the pandemic, China has moved the China 
Import and Export Fair (Canton Fair) online, which will take place on June 15 
to 24, where Guide will participate and demonstrate all Guide's best-selling 
thermal imaging products including the three of the above-mentioned products 
via live-stream, which will be available on the Company's official Facebook 
@GuideSensmart.

About Guide Infrared

Founded in 1999, Wuhan Guide Infrared Co. Ltd. is a Shenzhen-listed company 
focusing on infrared thermal imaging technology. Backed by the 20 years' 
experience in the infrared industry, Guide Infrared develops affordable 
infrared thermal imaging cameras and solutions. Intending to make infrared 
technology more friendly and accessible to the public, Guide Infrared focuses 
on making everyday use products designed to make electric power inspection; 
facilities maintenance; industrial automation; fever screening; security 
monitoring; law enforcement; search and rescue, as well as outdoor night 
vision. www.guideir.com 

SOURCE: Guide Infrared
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