Latvian company Strops Technologies' video surveillance units are now used in 19 European countries
Mobile video surveillance units made by the Latvian company Strops Technologies have been sold in 19 European countries over ten years. In Brussels, the capital of Belgium, there are more than a hundred of its units on the streets.
Strops Technologies, a small Latvian company that makes mobile video surveillance equipment, has sold its products in 19 European countries over the past ten years. In Brussels, the Belgian capital, more than a hundred of the company's units are now installed on the streets. The figures show that a technology product developed in Latvia can reach the streets of major European cities.
A difficult road
The company's growth has not been smooth. According to a report by Latvian Public Media (LSM), its path led through a components crisis, when parts needed for production were hard to obtain. The company also had to buy back shares held by investors. In addition, it failed to gain a foothold in some of the markets it tried to enter.
The headline of the article uses the quote "Normund, I need 20 'strops'", which reflects demand for the company's units. The introduction available from the source does not say who said it. It also gives no details on buyers, prices or the company's turnover.
Why it matters
The story of Strops Technologies is one example of how a small Latvian company sells its product abroad. The company's experience includes supply problems, changes in its ownership structure and setbacks in individual markets. It illustrates the difficulties faced by exporting technology manufacturers.
