Servision PLC Regulatory News (SEV)

26 Feb 2007 07:03

SerVision plc26 February 2007 SerVision PLC ("SerVision" or "the Company") Contracts to Equip TEB Bank and the Istanbul Water Authority AIM-listed SerVision PLC is pleased to announce that it has won a furthercontract with TEB Bank to supply 100 branches with its SVG digital videosurveillance system by the end of the year. Owned by BNP Paribas, TEB alreadyuses SerVision's DVR's for monitoring and protecting 60 of its ATM machines. In a separate agreement, the company will also be supplying equipment to theadministrative offices belonging to the Istanbul Water and SewerageAdministration. Both of the contracts have been secured through Pronet,SerVision's exclusive distributor in Turkey, and are worth a combined estimateof $200,000 to the Company. The Istanbul Water and Sewerage Administration has requested 34 SVG-1000surveillance systems - each equipped with one terabyte of storage space - tosecure its payment branches and their perimeters. Gidon Tahan, Chairman and CEO of SerVision, said: "We are thrilled to expand ourbusiness in the Turkish banking sector and view the extension of ourrelationship with TEB Bank as a testament to the superiority of our system overothers. We anticipate future growth in both the worldwide banking sector andamong governmental agencies." Pronet's Assistant General Manager, Ari Dinar commented: "We have been workingto promote narrowband alarm and video verification systems to new and existingclients - particularly in the transportation sector and among major banks. Weexpect to secure additional contracts in the coming months and are hopeful thatother municipalities and public utility services will enhance the security oftheir facilities with SerVision's products." - Ends - Further enquiries: SerVision plc +972 2535 0015Eitan Yanuv, Finance Director HB Corporate 020 7510 8598Jim McGeever Threadneedle Communications 020 7936 9605Graham Herring/Josh Royston About SerVision SerVision Ltd. is a leading producer of remote video surveillance products usingdependable, digital wireless video technologies. Its world class R&D team, withtheir combined experience of over 50 years in the video compression and wireless communications industry, has developed the world's first completelyintegrated wireless video monitoring platforms. SerVision's products are advanced and fully integrated video monitoring systemsthat use highly sophisticated video processing and encryption with state-of-the-art cellular/wireless communication. SerVision's products are compact DVR / video gateways that combine security functionality with the highest level ofvideo streaming performance in a compact stand-alone unit. They bring to themarket a ready and easy-to-use remote video monitoring platform. With aworldwide business development team, SerVision is targeting the SOHO, mediumand large sized enterprises, remote site and institutional monitoring markets. Established in 2000, SerVision has R&D facilities in Israel, and offices in USA,Europe as well as in Mexico. It partners with distributors and integratorsaround the world. This information is provided by RNS The company news service from the London Stock Exchange