Trading update
July 20 2007 - 2:01AM
UK Regulatory
RNS Number:5716A
Vigilant Technology
20 July 2007
July 2007
Press Release
Vigilant Technology
H1/07 Sales
Following the close of the first half of 2007, Vigilant Technology (AIM ticker:
VGT), a pioneer in the development, manufacture and marketing of sophisticated,
"intelligent" digital recording solutions for the high end CCTV security and
surveillance markets, is providing an initial indication of progress in the
first half of the year. The interim results will show substantially higher
revenues than the previous year. In addition the Company has developed a healthy
backlog of committed orders to be fulfilled. This includes new prestige projects
such as: surveillance recording solutions for a major airport in the Far East,
city centres, shopping centres and prisons, including a roll-out programme for
the UK's maximum security prisons. In the UK we have also succeeded in
penetrating a promising new vertical sector of healthcare with a project for
Leeds Teaching Hospital NHS Trust.
Vigilant's revenue for the first six months of 2007 is approximately US$3
million and was mostly generated by winning new contracts for its intelligent IP
surveillance and security solutions from various vertical markets. The company
also had an existing backlog of over US$1 million as at 30 June 2007. This
includes both expanding existing systems and new projects in the UK, EMEA and
the Far East involving security systems in city centres, correctional
facilities, airports, logistic centres and financial institutions.
The interim results are expected to be released in September 2007.
Moshit Yaffe-Blushinksy, Chief Executive Officer of Vigilant Technology,
commented: "We are pleased now to be in a position to announce concrete sales
progress. This sales traction shows the first fruits of the substantial
investment we made in 2006."
About Vigilant
Vigilant Technology is a pioneering provider of intelligent IP surveillance and
security solutions. The company offers a turn key solution including video
servers, DVR/NVRs, intelligent real-time video content analysis and
sophisticated, proactive control centre solutions. Vigilant has a worldwide
customer base and is globally supporting tens of thousands of cameras in
airports, governmental sites, financial institutions, correctional facilities,
casinos, city centers, and more. Please visit www.VGLNT.com for more
information.
Enquiries:
Citigate Dewe Rogerson
Sally Marshak / Hannah Seward 020 7638 9571
Shore Capital
Dru Danford 020 7408 4090
This information is provided by RNS
The company news service from the London Stock Exchange
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