SerVision plc New Customer Orders (1710S)
December 19 2016 - 1:00AM
UK Regulatory
TIDMSEV
RNS Number : 1710S
SerVision plc
19 December 2016
19 December 2016
SerVision PLC
("SerVision" or "the Company")
New Customer Orders
SerVision (AIM: SEV), a leader in mobile live video streaming
over wireless and cellular networks, is pleased to announce that
the Company's UK subsidiary, SerVision UK Limited, has been awarded
two new customer orders for its IVG400-N system, the Company's
cutting-edge High Definition mobile video gateway system, following
its strategic decision to target the UK bus and coach sector.
Following a six week trial period, the Company has received a
purchase order for GBP120,000 to supply 59 units of the IVG400-N
system to Skills Motor Coaches Ltd ("Skills Coaches"), a major East
Midlands coach company based in Nottingham with a fleet of over 150
vehicles. The contract also includes three years of data plan and
technical support.
Paul Harper, Group Compliance Manager, Skills Coaches,
commented, "We are pleased to announce our new partnership with
SerVision UK Ltd. We chose their IVG400 system due to the market
leading full HD interior and exterior recording equipment, which
ensures we are in the best position to defend any fraudulent
insurance claims, along with the added benefit of increased staff
and passenger protection.
"The equipment will also allow us to view 'live' camera feeds,
whether our coaches are travelling in the UK or in Europe, along
with the ability to download evidence quality footage directly via
the mobile network. This will ensure our insurers are provided with
supporting CCTV evidence for any incidents within a matter of
minutes of them occurring, which in itself makes it a worthwhile
investment.
"With SerVision's extensive support network, which a fleet of
this size needs, we are confident that this is only the first stage
of our commercial partnership."
The Company is also pleased to announce that after four months
of trials against three other major and existing suppliers, it has
received a purchase order for GBP28,000 to supply an initial 10
systems to be installed onto new buses being built for the City of
Cardiff Council Transport Department. A second purchase order for
another 10 system is expected to be received in early 2017.
Gidon Tahan, Chairman and CEO of SerVision, commented, "After
our successful entry into the UK private sector in 2016, these
orders signal a significant move into a new market segment for us,
and one which could open further opportunities for our UK team, led
by Gary Higham. There are over 100,000 buses in the UK that could
benefit from the increased protection offered by live streaming
provided by our systems and we are currently in discussions with a
number of other bus and coach companies, including those businesses
who run bus fleets for local UK councils."
-ends-
For further information:
SerVision plc +972 2535 0000
Gidon Tahan, Chairman and CEO
Allenby Capital Limited (Nominated +44 (0)20 3328
Adviser and Joint Broker) 5656
Nick Athanas / James Reeve
Beaufort Securities Limited (Joint
Broker)
+44 (0)20 7382
Elliot Hance 8300
Cadogan 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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