Hikvision Signs Distribution Agreement with WDC Networks in Brazil

    SAO PAULO, BRAZIL, August 28, 2015 /24-7PressRelease/ -- Hikvision, the world's leading supplier of video surveillance products and solutions, has announced the signing of a distribution agreement with WDC Networks, the largest specialist distributor of IP cameras and surveillance systems in the Brazilian Market.

The agreement highlights WDC Networks' authorized position to sell Hikvision's full range of IP products in Brazil. According to the executives of both companies, the partnership demonstrates the belief both companies share in the great potential for security businesses in the Brazilian market. "With the ever-increasing demand for much higher quality images, the market will continue to transit from analog to IP due to the higher resolution it offers. The inability of legacy analog systems to meet this need will see their replacement by IP systems in Brazil's small and medium businesses, such as retail stores, offices and small industries. Hikvision's complete offering of IP product lines with advanced technology and high quality at competitive prices, perfectly matches what WDC Networks needs." said Tony Yang, General Sales Director for Hikvision Latin America.

"WDC Networks will be our key partner in reaching our goal of achieving market leadership in Brazil. With the expertise and experience they have already gained in this market, we are confident that we can penetrate small and medium businesses across the country," Yang continued.

WDC Networks has always been a pioneer in distributing IP CCTV products in Brazil and the addition of the Hikvision brand will help expand its network of sales channels. "We know how to satisfy the needs of small installers and resellers, we have the logistics capacity and credit lines for them, but we lacked an IP camera brand with good reputation and price. Now, with Hikvision, we can expand our penetration", said Vanderlei Rigatieri - WDC Networks CEO.

Both companies are dedicated to increasing the number of specialized channels in 2015/16, and offering them an alternative technology choice, a strong brand, and a profitability guarantee. Looking forward, Hikvision and WDC Networks will provide channel companies with a complete solution, including IP cameras, network switches, Wi-Fi routers, servers and video recording system and management software.

"Brazil has more than 5,600 municipalities and, through our sales to local Internet Providers, we already serve every one. Now, we want to provide local security companies with a reliable alternative. With Hikvision's state-of-the-art product technology, our business will definitely grow to a new level. We will work tirelessly to build Hikvision's brand in the Brazilian marketplace." Mr. Rigatieri commented.

About WDC Networks
The WDC Networks is a value-added distributor, leader of IP CCTV market in Brazil, with more than 6% market share according to IHS data. In addition to the security market, meets other industries, which have great demand: Telecommunications and Enterprise. Specialized in FTTH technologies, Wireless / Wi-Fi, VoIP, IP Surveillance and Networking. It distributes, in Brazil, more than 15 brands of the most renowned national and international manufacturers. In its own headquarters of 7500m2, in Ilheus, Bahia, focuses its importation and distribution logistics, as well as develop a product industrialization activity in SKD model. The company currently serves more than 3000 channels and ISPs throughout Brazil. With over 12 years of marketing experience and a specialized team adds value by offering technical support, training and support on projects for their channels. Since 2013, also offers a rental plan products to meet outsourcing needs of customers of its authorized channels.

About Hikvision
Hikvision is the world's largest supplier of video surveillance products and solutions. The company specializes in innovative video surveillance technology, as well as designing and manufacturing a full line of innovative CCTV and video surveillance products. Hikvision possesses the world's largest R&D team and state-of-the-art manufacturing facilities; both allow Hikvision's customers the benefit of world-class products that are designed with cutting-edge technology. For more information, please visit Hikvision's website at www.hikvision.com.

# # #