VGT Vigilant

RNS Number:4257H
Vigilant Technology
09 August 2006

                              Vigilant Technology

                               Board appointments



The Board of Vigilant Technology ("Vigilant"), the Aim-listed company (ticker:
VGT), which designs and manufactures sophisticated, "intelligent" solutions for
the high-end CCTV security and surveillance market, will hold an EGM on 18
September 2006, at which it proposes that the shareholders should appoint Ofer
Bar-ner and Oshri Shilo to the board of directors as independent non-executive
directors, as defined by Israeli company law.



Ofer Bar-ner (41), currently Finance Director of the Israeli, FTSE listed
company BATM Advanced Communications, has over 13 years experience within the
technology sector. Ofer joined BATM in 1999 and additionally, he spent nearly
three years in Boston as President of Telco Systems, BATM's US subsidiary,
running all BATM's US operations. Prior to this he was CFO of Silver Arrow LP, a
subsidiary of Elbit Systems and EL-OP.



Oshri Shilo, (39) is currently corporate financial controller of Advanced Vision
Technology Ltd (AVT), the world's leading provider of machine vision-based
automatic optical inspection systems for the printing industry. Oshri has
substantial business experience in accounting and finance, together with
expertise in the IPO process. Prior to joining AVT in 1998, Oshri was a senior
auditor with one of the top five accounting firms in Israel.





Moshit Yaffe-Blushinksy, Chief Executive Officer of Vigilant Technology,
commented:



"Both Ofer and Oshri have considerable experience from within the technology
sector. They will bring an added dimension to the board with their expertise and
experience gained from their positions in leading Israeli companies. We look
forward to their contributions to the management and future success of Vigilant
Technology".





Enquiries:



Citigate Dewe Rogerson

Sally Marshak / Hannah Seward                                 020 7638 9571








Notes to Editors



About Vigilant Technology



  * Vigilant Technology designs and manufactures sophisticated, "intelligent"
    solutions for the high-end CCTV (closed circuit TV) security and
    surveillance market.  This is a rapidly growing market due in large part to
    the growing threat of terrorism and other security concerns and the greater
    recognition of the role live and recorded video can play in preventing and
    detecting crime.



  * Vigilant Technology was listed on Aim on 20th December 2005, following a
    placing of 23,255,814 new ordinary shares, which raised gross proceeds of
    #10 million.  Shore Capital acts as nominated adviser and broker to the
    Company.



  * Vigilant's systems use proprietary technology, both hardware and software,
    which it developed internally. The Company's systems enable end users to
    record, compress, store, retrieve, review and analyse digital video footage
    collected from a large number of security cameras.



  * Since its inception over six years ago, Vigilant's customer list has grown
    as new products and security solutions come on stream.  Large-scale
    installations using Vigilant's products include government authorities,
    correctional facilities, airports & seaports, transport hubs, banks, public
    spaces, town centres and casinos.  Vigilant's systems are currently
    installed in the London Boroughs of Hackney, Hillingdon, Barking and
    Dagenham, together with Bluewater shopping centre, a major bank in Russia,
    the Israel Diamond Exchange, Tel Aviv Ben Gurion Airport and Buenos Aires
    Airport.   Other projects include a two-casino project in California, a
    project with a leading South African system integrator and a major public
    transportation project in Spain.



  * In addition, Vigilant has a strong research and development programme and
    is currently trialing its next generation (the 'Third Generation') of
    digital surveillance technology.



  * Vigilant is based in Israel while currently over 95 per cent of its
    turnover is derived from exports.  The Company has supplied large systems in
    a number of major countries, including the USA, UK, France, Spain, Italy,
    Greece, Russia, South Africa, Argentina and Israel.  The Group has marketing
    and support offices in both New York and London, through two wholly-owned
    subsidiaries, namely Vigilant Technology Inc. in the US and Vigilant
    Technology UK Limited in the UK.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

BOADGGGRNRGGVZM

Vigilant (LSE:VGT)
Historical Stock Chart
From May 2024 to Jun 2024

Vigilant (LSE:VGT)
Historical Stock Chart
From Jun 2023 to Jun 2024