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Guide Infrared Reports 20-Fold Q1 Revenue Growth Amid Sluggish Economy

WUHAN, China, May 25, 2020 /PRNewswire/ --AGuide Infrared ("the Company"), a leading Chinese manufacturer of infrared thermal imaging systems based inAChinaAOptical Valley, has released its first-quarter earnings snapshot. In the first quarter, Guide Infrared is expected to book a profit of 17 millionAto 22.6 million USD (120 million to 160 million yuan), expanding over 20 times from 840 thousand USDA(5.97 million yuan) in the same period last year.AThe market demand for infrared thermal imaging systemsAhasAsignificantly 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 SystemsA- a type of automated thermal imaging and warning system for fever screeningA- 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 developedA 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 CamerasAand fever scanners for smartphones.
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