Xenonics Holdings announced today that it has entered into distribution agreements for its SuperVision family of high-definition night vision products with four master distributors that primarily serve the law enforcement market in the United States, and has received initial orders valued at approximately $1 million. Agreements with two additional master distributors are scheduled to be signed within the next couple of weeks, and are expected to result in approximately $0.5 million of additional SuperVision orders.
"Procurement within the law enforcement community is highly localized, with each department typically making its own decisions regarding what equipment to purchase and when to purchase it. Each of our new master distributors has its own network of dealers, so these agreements give us direct access to virtually every law enforcement agency in the United States. This is a significant 'force multiplier' for Xenonics that will accelerate our penetration of this key market for our SuperVision products," said Chief Executive Officer Chuck Hunter.
