BarcoEvents Announces over 50 Percent Growth in LED Sales in First Quarter 2002.
BarcoEvents receives orders for over 5000 square feet (450 square meters) of its award-winning LED displays during Q1, posting a growth of over 50 percent over the same period last year.
Belgium, 23 April 2002.BarcoEvents has announced that its LED sales have risen by over 50 percent during Q1 compared with the same period last year. The division, one of the fastest growing within the BARCO group, boasts several substantial orders this year, including orders by US-based wholesale rental giant VER (Video Equipment Rentals), multinational event engineering companies PSL Group (USA & UK), Avesco Group - Screenco & Creative Technology (USA & UK), as well as VPS (France), Imag -Video (USA) and AV Teknik (Sweden). BarcoEvents has received LED orders in excess of 25 million USD during the first quarter of this year.
According to industry market research data, BarcoEvents counted over 60 percent market share (by value) of the total global LED rental market during 2001. The recently released growth figures indicate that BARCO is clearly living up to its reputation as “reference in the LED industry”.
States BarcoEvents Division Manager, Steve Scorse: “I truly believe that BARCO’s continued dedication to delivering a high-quality product backed by reliable service and support have differentiated us from our competitors.”
Proving a point in case, BARCO will also be a major provider of the LED displays used during the World Cup Football Championships 2002 via the sale of over 430 tiles Dlite 7 to its Korean rental partners: Good Media, Hibino Korea, Imtek Korea and SeWoo Korea.
“Our Golden Partner Program, which rewards our rental partners with a level of service and support unheard of in the industry and attests to BARCO’s commitment to forming rewarding, long-term relationships with its customers, has ensured our continued success within the competitive LED rental market, ” concludes Scorse.
BARCO Events
BarcoEvents, part of BarcoProjection, specializes in developing customized visualization solutions for the rental & staging and events markets. Recognized for its dedication to product research and development, BarcoEvents continually strives to provide clients with unparalleled product and system integrity, delivering tailor-made solutions that answer the specific needs of its markets. With state-of-the-art daylight display and projection product ranges, BarcoEvents has become the preferred solution provider to many of the world’s leading rental & staging companies and has seen its products featured on shows by stars the likes of Madonna, U2, Robbie Williams and Jennifer Lopez.
BARCO Background
BARCO, with headquarters in Kortrijk, Belgium, has three key activities which are all active in Image Processing. BARCOProjection is in various markets of large screen visualization. BARCOView develops and manufactures display systems for life critical applications, while BARCOVision is in systems for visual inspection and quality control. In 2001, the entire BARCO group delivered a revenue of Euro 792 million. BARCO has a network of subsidiaries, distributors and agents in 97 countries throughout the world. BARCO has been quoted on the Brussels Bourse since 1986, and is now quoted on Brussels/Euronext. BARCO is a BEL 20 and a Next 150 company and is a member of the Dow Jones Sustainability Indexes.
