market update

Starting to now see further signs that the recovery is underway, and Management is in genuine control of its strategy/execution.

“YTD sales in Q Security Systems to the end of the third quarter were $19.05 million up 8% from the comparable period last year of $17.55 million.”

Business being placed “to take advantage of new opportunities that are opening up with technology rollouts and industry consolidation of major competitors” [ie HIL roll up of OPS etc]

“Our QSS business is in a much stronger market position to take advantage of growth prospects in the market and management are excited by the market opportunities going forward”

Messaging has now changed to a far more positive tone (versus the negative, construction market is sick rhetoric of previous updates)