SerVision plc SerVision approved as supplier to Gatwick Airport (3122S)
July 07 2015 - 1:00AM
UK Regulatory
TIDMSEV
RNS Number : 3122S
SerVision plc
07 July 2015
SerVision plc
("SerVision" or the "Company")
SerVision approved as supplier to major UK airport
Update on UK expansion plans
SerVision, a leader in mobile live video streaming over wireless
and cellular networks, is pleased to announce that after the
completion of successful trials the Company has been chosen by
Gatwick Airport Limited ("Gatwick Airport"), owner and operator of
the UK's second busiest airport, to supply its live mobile CCTV
systems and monthly data services to enhance, secure and protect
the mobile assets of the airfield operations. Gatwick Airport has
an approximate fleet size of 300 vehicles. An initial purchase
order valued at approximately GBP20,000 has been placed by Gatwick
Airport for the installation of MVG400 units in 12 vehicles in the
airport's airfield operations.
SerVision is a leader in the design and manufacture of digital
mobile video recording equipment which incorporate live streaming
over wireless and cellular networks. At the core of its technology
is advanced video compression which has been optimised to provide
the best available video streaming quality over cellular and other
low bandwidth networks.
The order with Gatwick Airport is the first to be undertaken by
SerVision's new UK-based management team which will be providing
commercial and technical support to UK-based companies. The Company
intends to open a UK office, located in Manchester, in the near
future.
The Company is also pleased to announce that it has appointed
Gary Higham as Managing Director (UK) of SerVision, a non-board
position. Gary has 20 years' experience in the security, telematics
and fleet management industry with extensive experience rolling out
integrated solutions and recurring revenue business models with
blue chip clients in the UK. As announced on 30 June 2015, the
Company has also selected a technical adviser who will work with
Gary to oversee all sales and marketing activities as well as
provide technical support to UK customers as the Company develops
its exposure to the UK market.
The recurring revenue model in the UK for the monthly data
services will offer a full end-to-end integrated solution allowing
clients to save on overall costs while at the same time providing
SerVision with increased margins.
Gideon Tahan, Chairman and CEO, stated, "I am extremely pleased
that Gatwick Airport has formally approved SerVision as an official
supplier and chosen our unique solutions to enhance its operations.
Additionally I am confident that having a direct presence in the UK
will facilitate sustained growth and many new opportunities going
forward."
-ends-
SerVision plc +972 2535 0000
Gidon Tahan, Chairman and CEO
Allenby Capital Limited (Nominated +44 (0)20 3328
Adviser and Broker) 5656
Nick Athanas / James Reeve
Leander (Financial PR)
+44 (0)7795 168
Christian Taylor-Wilkinson 157
Notes to Editors
SerVision is a pioneer in the field of security communications
technology and a leading developer and manufacturer of fully
integrated video recording and transmission systems for homeland
security and transportation applications. The Company's core
technology is proprietary video compression which is optimised for
streaming real-time video over any type of cellular or narrowband
network.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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