While the Big Mac index reflects the purchasing power parity between nations, the Intersec's performance reflects Dubai economy.
For the past three years, exhibitors get lesser, and crowds get thinner at Intersec, mirroring the fact of the economic downturn in Dubai. Nonetheless, Intersec, as the most significant security tradeshow and congregation hub in the Middle East and North Africa region, still retains its status with quality leads to offer.
Intersec, as always, connects us with our longtime partners and it was a pleasure meeting Mr Faisal Kan, the CEO of IPTec UAE, Mr Kinan Alfin, the CEO of Link2Tec, Rouaa and Noor Alkhalifa from Ultratech Sudan, Mr Mohan Das Kuttath from Okaz Telecom Saudi, Mr Ibrahim Elshamy from Intelligent Project Qatar, Mr Mahmoud from DLink Kuwait, Benacer Douadi from Safety and Protection Ltd Algeria, and many more to catch up with our latest developments.
One of the discernible trends I have observed, the main exhibition halls that used to be occupied by the surveillance system and CCTV products have shrunk, many famous brands disappear, lost in the fierce competition. Access control products, the once smaller in size if compared to surveillance, has now seized a larger hall space.
This time around, we exhibited FingerTec products; but highlighted our arrays of cloud solutions. It has marked the transformation of our company, from a hardware-driven company to a software-driven, from outright purchase to subscription-based, from standalone simple biometrics product to a cloud ecosystem company.
I'm proud that we come prepared as compared to many market players to ride on the next wave of cloud computing technology advancement. While many Chinese companies still relentlessly showing their perpetually lower price hardware products; we manage to bring forward a cluster of mature cloud products, under the trademark of TimeTec Cloud City, complemented and integrated with easy-to-connect IoT devices.
Many visitors found TimeTec's latest QF Master App awe-inspiring.
We turned a standard Android phone into a face recognition terminal that opens the door. The QF master App scans face for recognition and also scans QR codes for verification. It integrates with the latest TimeTec BLE-2 door controller via Bluetooth communication.
Two parties, one from Saudi Arabia and another from UAE, foresee the massive potential of TimeTec cloud solutions, hence, have proposed joint ventures and investments to foster stronger ties with us. Besides, Assa Abloy of Dubai scheduled a meeting with a prominent housing developer for an integration proposal of the Assa Abloy locks and i-Neighbour cloud intercom system, i-Comm, an integral part of our smart community product, i-Neighbour. And soon, our esteemed distributor of FingerTec, Magnum Connect of Dubai will actively promote TimeTec Cloud solutions with the blessings of the CEO, Mr Nayagam Pillai, to carry this product forward.
February is going to be a busy month for us with proposals to write and follow-ups to make.
Till next time, Intersec.
Teh Hon Seng, Group CEO of TimeTec Group of Companies. Prior to forming TimeTec, Teh led PUC Founder (MSC) Bhd to be listed on MESDAQ (ACE) market of Bursa Malaysia in 2002. Teh initiated the R&D in fingerprint technology in 2000, which later developed into a renowned global brand for commercial fingerprint product known as FingerTec. In 2008, he foresaw the trend of cloud computing and mobile technology, and over the years, he had strategically diversified and transformed its biometric-focused products into a suite of cloud solutions that aimed at workforce management and security industries including smart communities that centered around the cloud ecosystem. Teh has more than 10 patents to his name, and he is also a columnist in a local newspaper and a writer of several books.