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Servision PLC Regulatory News (SEV)



Regulatory News for Servision PLC (SEV)


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New Customer Orders

Mon, 19th Dec 2016 07:00

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 £120,000 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 £28,000 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 Adviser and Joint Broker)

+44 (0)20 3328 5656

Nick Athanas / James Reeve 


 

Beaufort Securities Limited (Joint Broker)


Elliot Hance

+44 (0)20 7382 8300

 

Cadogan Leander (Financial PR)


Christian Taylor-Wilkinson

+44 (0)7795 168 157

 

 

 

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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Related Shares:
SerVision (SEV)




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