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With the strength gained from our successful acquisition of the digital research and development and product innovation arm of Gretag Imaging Holding AG - previously recognized as a world leader in the photographic industry - we are market ready and uniquely positioned to capitalize on the tremendous opportunities available in both the photo kiosk and central lab segments.
In addition to the more than $25-million invested in developing our products, Beaufort has been able to shape solutions based on the requirements of our customers. During the development of our applications many of the world's top 25 photo industry participants, vendors and retailers, provided input, roadmaps and critiques to our solutions. As a result, we have a strong and dynamic IP list with a comprehensive architecture that utilizes powerful digital imaging enhancers for fast and reliable digital imaging. Our extensive intellectual property base means we are well equipped to achieve our plans for future growth as we continue to develop and market other adaptations of our core technologies.
Beaufort is a company with focus and momentum driven by an experienced, highly skilled team. We are market ready with proven technologies. We are poised to take advantage of our unique place in the future of the digital imaging industry.