Servision PLC Regulatory News (SEV)

10 Jul 2006 07:00

SerVision plc10 July 2006 SerVision in $700,000 renewal contract with Pronet of Turkey Servision PLC, a leading developer and manufacturer of digital security systemsand video transmission over cellular networks, has signed a $700,000distribution agreement for the year 2006/2007 with Pronet, its exclusivedistributor in Turkey. Following the contract, Pronet has opened a letter of credit for $180K. This isthe second year that Pronet has operated as SerVision's distributor and therenewed agreement reflects its high expectations for a strong growth in sales ofSerVision's products in Turkey. Pronet is one of the two biggest security system integrators in Turkey. It isalso a supplier, system integrator and alarm service provider in Istanbul.Projects it has installed with SerVision's CCTV equipment include: Ata TurkAirport, New Istanbul Stadium, and AS Bank. Gideon Tahan, Servision's Chairman and CEO said: "Pronet is a valued long-termcustomer of Servision for a wide range of our systems and we are pleased tocontinue this relationship." Contacts details:SerVision PLC +972 2535 0015Eitan Yanuv Threadneedle Communications 020 7936 9605Graham Herring/Alex White About Servision SerVision PLC. is a leading provider and producer of advanced and fullyintegrated video monitoring systems using highly sophisticated video processingand encryption with state-of-the-art cellular and wireless communication.SerVision's products are compact DVR / video gateways that combine securityfunctionality with the highest level of video streaming performance in a compactstand-alone unit. Supporting a wide range of data communication networks (including LAN, Wi-Fi,analog and broadband phone lines and cellular), SerVision's software for PCs,PDAs and cellular phones allows video access from anywhere; whether in thecontrol center, at home or on the road. Established in 2000, SerVision hasoffices in Jerusalem, the UK, Mexico and the U.S. Servision (AIM:SEV) is apublic company traded on the London Stock Exchange (AIM). This information is provided by RNS The company news service from the London Stock Exchange