2nd May 2007 07:00
SerVision plc02 May 2007 SerVision Plc ("SerVision" or "the Company") SerVision signs contract with Mexican distributor worth $2.3 million SerVision Plc, the AIM listed leading developer and manufacturer of digitalsecurity systems, is pleased to announce that it has expanded its geographicalreach into Mexico through an agreement with Unixa, a distributor of securityequipment, worth US$2.3 million. Unixa is now the exclusive distributor of SerVision products in the Mexicanmarket, whereby SerVision will provide its entire range of SVG, IVG and HVGequipment as well as the necessary technical training and operationalassistance, concentrating on its three core markets - commercial, transportationand residential. Under the terms of the deal, SerVision has currently received US$600k fromUnixa, with the balance to be paid in 3 further installments, the last being dueby the end of April 2008. In addition, there is potential for the distributionagreement to be extended with exclusivity for a five year period. Rafael Zaga founder of Unixa, said: "SerVision's products offer the highestquality remote video surveillance over narrowband and IP networks. The Mexicanmarket offers tremendous opportunities for SerVision's products and we areexcited to be working with them." Gidon Tahan, SerVision's Chairman and CEO, commented: "We are delighted to havesigned this agreement and entered into such an exciting market as Mexico. Thisfollows on the back of our expansion into the French and Benelux markets andfurther increases SerVision's exposure in the international security field." - 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 using dependable, digital wireless video technologies. Its world class R&D team, with their combined experience of over 50 years in the video compression and wireless communications industry, has developed the world's first completely integrated wireless video monitoring platforms. SerVision's products are advanced and fully integrated video monitoring systems that 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 of video streaming performance in a compact stand-alone unit. They bring to the market a ready and easy-to-use remote video monitoring platform. With a worldwide business development team, SerVision is targeting the SOHO, medium and 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 integrators around the world. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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