UniVision Engineering Ltd Awarding of Contract (4585F)
July 15 2019 - 1:00AM
UK Regulatory
TIDMUVEL
RNS Number : 4585F
UniVision Engineering Ltd
15 July 2019
15 July 2019
UniVision Engineering Limited
("UniVision", the "Company" or the "Group")
Awarding of Contract
UniVision (AIM: UVEL), the Hong Kong based group whose principal
activities are the supply, design, installation and maintenance of
closed-circuit television (CCTV) and surveillance systems, and the
sale of security related products, announces that it has been
awarded a contract for the supply of a Video Analytic Monitoring
System at Tai Tam Gap Correctional Institution ("the Correctional
Institution") in Hong Kong.
This represents one of the first few contracts win from the Hong
Kong Government since we announced that the temporary tendering
suspension had been lifted in May 2019. The contract value is
approximately HK$2.55m and commences immediately.
The system is designed to automatically identify abnormal
behaviour in the Correctional Institution and incorporates
technology such as facial recognition.
Stephen Koo, Chairman commented:
"We are delighted to have been awarded this contract which aims
to improve both efficiency and safety of everyone in the facility.
We also anticipate that, if successful, there may be further demand
for this type of intelligent video surveillance system in other
similar facilities and beyond. As we have announced previously, we
look forward to reporting our final results in August."
For further information visit www.uvel.com or contact:
UniVision Engineering Limited Tel: +852 2389 3256
Stephen Koo, Chairman www.uvel.com
Chun Pan Wong, Chief Executive Officer
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director Tel: +44 (0)7769 906686
SPARK Advisory Partners Limited Tel: +44 (0)20 3368 3551
(Nominated Adviser)
Mark Brady / Neil Baldwin www.sparkadvisorypartners.com
SI Capital Limited Tel: +44 (0)1483 413500
(Broker) www.sicapital.co.uk
Nick Emerson
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END
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