6th Nov 2014 10:55
LONDON (Alliance News) - Digital security systems company SerVision PLC Thursday said its US operating subsidiary has signed a new distribution agreement with an unnamed Southeast Asia distributor.
Under the terms of the deal, the company will be the exclusive distributor of SerVision video gateway products in Indonesia.
The distributor has already committed to three purchase orders from SerVision, with a total value of USD450,000. SerVision has already received the first order, with a value of USD100,000.
"We are confident that our agreement and relationship with the new distributor will help SerVision further enhance the reach of its market leading digital video products into South East Asia," said SerVision Chairman and Chief Executive Officer Gidon Tahan.
SerVision shares were up on the news, rising 5% to 3.15 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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