10th Dec 2012 07:00
SerVision PLC
("SerVision" or the "Company")
SerVision Signs Frame Agreement with Deutsche Telekom
SerVision (AIM: SEV), the AIM listed leading developer and manufacturer of digital security systems, is pleased to announce the signing of a Frame Agreement for the supply of Goods and/or Services with Deutsche Telekom AG ("Telekom").
Telekom is one of the world's leading telecommunications companies and a leading provider of M2M solutions and focuses on a number of sectors including security, transport and logistics. SerVision has been added to Telekom's partner program. SerVision's solutions will initially be used by Telekom for homeland security projects within the transport and logistics industry in Germany and will be offered to Telekom's business partners.
The products being supplied for use in Telekom's projects will include a number of different model video gateways, including SerVision's flagship line of mobile recorders/transmitters that offer real-time video monitoring solutions from vehicles and remotely located sites. SerVision will also be supplying its new enterprise-level Video Management Software (VMS), SVControlCenter, for use by either Telekom or its affiliates.
The full package solution offered by SerVision and Telekom will include M2M data plans for each of the SerVision gateways supplied, and a range of other hardware and services including modems, cameras, monitoring services, installation, maintenance and support. The companies are in the process of finalising a business plan for the German market.
Gidon Tahan, Chairman and CEO of SerVision, commented, "We are extremely excited about the formalisation of our cooperation with Telekom, and I remain highly confident that their leadership in the worldwide telecommunications sector will generate significant market opportunities for SerVision."
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SerVision plc | +972 2535 0000 |
Gidon Tahan, Chairman and CEO
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Allenby Capital Limited (Nominated Adviser and Broker) | +44 (0)20 3328 5656 |
Nick Athanas / James Reeve
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Leander (Financial PR) | +44 (0)7795 168 157 |
Christian Taylor-Wilkinson
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