Press Releases

AltSys Eyes Expansion
Security Systems News - April, 2001

SPOKANE, Wash.-Digital video manufacturer AltSys expected to move into a new building by the end of April, providing the growing company with a 60,000 square foot facility and room for future expansions.

The new location follows steady growth for the company, which recently signed a $7.5 million sales contract with product distributor Tri-Ed over a two year period, according to Colin Campbell, chief executive officer of AltSys.

"Our company is growing at a rate of about 500% "said Campbell. "We expect to do more than $10 million in sales for 2001 and more than $30 million in the next 18 months."

Campbell attributed the growth to the company's value added services. He said the company, which imports digital video products, will "custom build" digital video recorders to customer's needs, provide free software upgrades and offer an advance replacement program. The program helps eliminate the wait for a replacement for a system that need repairs or other changes.

While AltSys is a relatively new player in the security industry, it has already completed one acquisition. In September, the company acquired Cascadia Systems, an Idaho-based company that provided AltSys with some established digital video products.

Besides offering digital video cameras, AltSys also customizes personal computers. Campbell stared the company five years ago with business partner Wade Taylor in a one-bedroom apartment.

Chelsie Woods, Security Systems News