19th Jul 2007 07:00
SerVision plc19 July 2007 SerVision Plc ("SerVision" or "the Company") Letter of Intent from Orange SerVision Plc, the AIM listed leading developer and manufacturer of digitalsecurity systems, is pleased to announce that it has received a Letter of Intentfrom Partner Communications Ltd, a subsidiary of Orange Israel, for the launchand deployment of a joint 3G video business service. Partner Communications Company Ltd. is a leading Israeli mobile communicationsoperator known for its GSM/GPRS/UMTS/HSDPA based services and the development ofwire free applications under the OrangeTM brand. The Company provides qualityservice and a range of features to 2.7 million subscribers in Israel (as of 31March 2007). As part of the contract, Orange intends to sell a package, including the HVG 400products, to all of its business customers through its business sales departmentin Israel. Orange Israel currently has approximately 600,000 business customers.The HVG400 product can support up to four video channels simultaneously andincludes SerVision's new feature the "bi-directional audio", through whichcustomers can view remote live video over cellular network and conduct a two-wayverbal communication via their cell phone to the system located on the remotesite. Gideon Tahan, Chief Executive and Chairman of SerVision, said: "This is a markedstep change in the development of the SerVision business with this being thefirst retail mass distribution contract for any of the SerVision products. Inaddition, this Letter of Intent marks the first piece of business with a majorcellular operator and to pass through Orange's rigorous technical testingprocesses is testament to the quality of the SerVision systems." Shmulik Ben-Bashat, Head of Advanced Business Services of Orange Israel,commented: "We believe that SerVision's quality products together with Orange IL's leading cellular network and a solid revenue sharing business model will provide an advanced, comprehensive and reliable solution that meets Orange business customer's needs." - 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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