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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Barco N.V.    BAR   BE0974362940

BARCO N.V.

(BAR)
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Delayed Quote. Delayed Euronext Bruxelles - 10/30 12:35:24 pm
13.455 EUR   +2.05%
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Barco : launches a cloud-based remote monitoring, diagnostics and control solution for its video walls

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09/15/2020 | 09:20am EDT

Kortrijk, Belgium, 15 September 2020 - Barco, a world leader in professional visualization, announces the release of WallConnect Cloud, a new cloud-based remote monitoring and management platform for its video walls portfolio. WallConnect Cloud allows system integrators to monitor and diagnose their installed base of video walls, enabling them to remotely check the status, diagnose and control a number of critical parameters. This results in higher operational efficiency, faster problem-solving, optimal wall uptime and overall improved experience for both system integrators and end-users.

Barco WallConnect, released in 2019, is the software platform that not only helps you to intuitively set up and configure a large video wall, but also makes sure all panels display a perfect image over time (including Barco's renowned Sense X automatic brightness and color calibration system) and allows to adjust and schedule the settings when needed. The newly introduced WallConnect Edge hardware appliance with its IoT capabilities now securely connects to the WallConnect Cloud platform enabling remote monitoring, diagnostics and control of the video wall. The WallConnect Cloud platform is easy to use with its intuitive UI, reliable, scalable and fully secure.

Remote diagnostics and management for optimal uptime

Being able to remotely check the status of the wall and its critical parameters, system integrators can easily evaluate an issue without the need to travel onsite. This not only allows them to directly send the needed spare parts onsite, but sometimes enables to fix the problem remotely. This results in lower costs and a faster fix of the issue. Furthermore, the reduced travel needs also contribute to a more sustainable business.

The live dashboards also give real-time information on the operating conditions of the video wall displays for more effective device analysis and proactive troubleshooting. Users can securely access the IoT platform on any device with an internet connection.

WallConnect Cloud is offered per video wall as a yearly subscription or as part of Barco service packages. The first version of WallConnect Cloud platform is available for the Barco UniSee series and the RGB Laser ODL-721 and ODL-821. The platform will be gradually extended to other products.

A great help for integrators

'With WallConnect Cloud, Barco takes another step to enable bright outcomes for its customers', says Jay Badvel, Product manager at Barco. 'The solution allows system integrators to improve their customers' experience by securely monitoring and diagnosing their video walls from the cloud, generate recurring revenues and develop additional business based on relevant insights. In this way, stringent SLAs can be met with reduced risk, overhead and cost. Customers will be more satisfied, which adds to customer loyalty. Furthermore, in times when physical access is limited, some basic servicing is still possible. WallConnect Cloud helps building the future of service and we are very pleased to be a part of this.'

WallConnect Cloud will be available for customers as of 15 October 2020

About Barco
Barco designs technology to enable bright outcomes around the world. Seeing beyond the image, we develop visualization and collaboration solutions to help you work together, share insights, and wow audiences. Our focus is on three core markets: Enterprise (from meeting and control rooms to corporate spaces), Healthcare (from the radiology department to the operating room), and Entertainment (from movie theaters to live events and attractions).

For more information, visit us on www.barco.com, follow us on Twitter (@Barco), LinkedIn (Barco), YouTube (BarcoTV), or like us on Facebook

© Copyright 2020 by Barco

Disclaimer

Barco NV published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 12:19:09 UTC


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Financials
Sales 2020 783 M 912 M 912 M
Net income 2020 7,00 M 8,15 M 8,15 M
Net cash 2020 267 M 311 M 311 M
P/E ratio 2020 64,1x
Yield 2020 2,95%
Capitalization 1 186 M 1 382 M 1 381 M
EV / Sales 2020 1,17x
EV / Sales 2021 1,01x
Nbr of Employees 3 636
Free-Float 74,0%
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Technical analysis trends BARCO N.V.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 20,33 €
Last Close Price 13,46 €
Spread / Highest target 85,8%
Spread / Average Target 51,1%
Spread / Lowest Target 18,9%
EPS Revisions
Managers
NameTitle
Jan de Witte Chief Executive Officer & Director
Charles Beauduin Chairman
Rob Jonckheere Senior Vice President-Global Operations
Ann Rita Desender Chief Financial Officer & Senior Vice President
Marc Spenlé Chief Digital & Information Officer
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