An Oxfordshire designer and manufacturer of advanced video surveillance systems has secured a £15,000 funding package from HSBC UK to support the national effort against COVID-19 and help the company increase revenue by 60% during the pandemic.
ITS Products, which predominantly supplies advanced security systems to prisons, national infrastructure projects and mental health facilities, is now producing the casing for a camera used by the NHS which can monitor a patient’s breathing, measure heart rate and reduce medical staff’s exposure to the deadly disease.
The business has also seen a surge in demand for its products, with European exports doubling during the coronavirus crisis as more businesses across Europe began sourcing surveillance systems closer to home. ITS has used the government-backed Bounce Back Loan Scheme (BBLS) from HSBC UK to purchase the materials needed to meet this increased demand.
Chris Newman, Director ITS Products LTD, said: “We’re incredibly grateful for the funding from HSBC UK, which has enabled us to accelerate our business in such an uncertain time. We are also very proud to be able to use our expertise to play a small role in helping protect NHS workers and those with COVID-19 in their battle against the disease.”
Jane Steen, Business Specialist at HSBC UK, added: “During these unprecedented times, we are hearing the struggle that a lot of businesses are currently facing, so it’s great to see a business thriving while times are tough. We are pleased to be able to support the growth of ITS and look forward to continuing our support when things go back to normal.”
ITS Products designs and manufactures a range of analogue and IP products for the modern CCTV/VSS market. During the Covid-19 pandemic, the business witnessed its biggest increase in demand from mainland Europe and Scandinavia.