The more uncertain is management condition and the keener is competition, the higher becomes the importance of continuous R&D, because corporate survival and growth depend upon securing of competitive power with differentiated technologies in the current local market that is being sharply changed every day and requiring severe competition with global enterprises. In other words, we are facing the age of competition, where the development of innovative technologies to create new demand through ceaseless R&D beyond meeting existing requirement is the key for the lasting growth of company. To meet with such market changes, we have made every effort in facility investment for quantitative growth as well as R&D investment to build qualitive competitive power. Since being established in1984 as a company specializing in CCTV system with self technology, TOPES has exported to Southeast Asian and European areas from 1986 under its own brand, and has invested more than 20% of sales in R&D since 1988 and succeeded in developing and commercializing traffic enforcement system in 1998 for the first time in the nation, and has been recognized as a market leader in the industry until now. Thanks to the steady R&D investment, we successfully developed video image detection system and cutting-edge Intelligent Transport System first in the field to meet the changes of demand in traffic security industry effectively. Specially, we take pride in that we are one of the two companies that have successfully developed and commercialized the video image detection system in the world.
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The more uncertain is management condition and the keener is competition, the higher becomes the importance of continuous R&D, because corporate survival and growth depend upon securing of competitive power with differentiated technologies in the current local market that is being sharply changed every day and requiring severe competition with global enterprises. In other words, we are facing the age of competition, where the development of innovative technologies to create new demand through ceaseless R&D beyond meeting existing requirement is the key for the lasting growth of company. To meet with such market changes, we have made every effort in facility investment for quantitative growth as well as R&D investment to build qualitive competitive power. Since being established in1984 as a company specializing in CCTV system with self technology, TOPES has exported to Southeast Asian and European areas from 1986 under its own brand, and has invested more than 20% of sales in R&D since 1988 and succeeded in developing and commercializing traffic enforcement system in 1998 for the first time in the nation, and has been recognized as a market leader in the industry until now. Thanks to the steady R&D investment, we successfully developed video image detection system and cutting-edge Intelligent Transport System first in the field to meet the changes of demand in traffic security industry effectively. Specially, we take pride in that we are one of the two companies that have successfully developed and commercialized the video image detection system in the world.