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Distribution Agreement

15th Mar 2010 08:48

RNS Number : 5648I
SerVision plc
15 March 2010
 



15 March 2010

 

SerVision plc

('SerVision' or the 'Company')

 

New Distribution Agreement

 

SerVision plc (AIM:SEV), the AIM listed leading developer and manufacturer of digital security systems, is pleased to announce that it has entered into a distribution agreement with Vision Techniques (UK) Limited ("Vision Techniques"), a leading UK supplier of vehicle safety solutions (the "Agreement").

 

Under the terms of the Agreement, which is for an initial duration of 12 months, Vision Techniques has agreed to purchase a minimum of 600 of SerVision's Mobile Video Gateway ("MVG") products. The first purchase order, totaling GBP 87,670, has been received by the Company. This order included the supply of 150 MVG 400 units.

 

Gidon Tahan, Chairman and CEO of SerVision, commented:

 

"We are pleased to have entered into this agreement with Vision Techniques which will strengthen our distribution capabilities in the UK. We hope that this is the start of a long and prosperous relationship with Vision Techniques."

 

- Ends -

 

For more information see www.servision.net or contact:

 

SerVision plc

Eitan Yanuv, Finance Director

 

+972 2535 0015

Allenby Capital Limited

Nick Athanas/James Reeve

 

+44 (0)20 3328 5656

 

Old Park Lane Capital plc

Forbes Cutler

+44 (0)20 7518 2603

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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