Vislink announces Joint Ventu

RNS Number : 8536R

Vislink PLC

31 August 2010

 



31 August 2010

Vislink plc

Vislink announces Joint Venture in China

Vislink plc ("The Group"), the global technology business specialising in secure communications products and services for the News & Entertainment, Law Enforcement & Public Safety, Marine & Energy markets, announced today the formation of VISLINK (China) Limited. This strategic joint venture company will significantly enhance VISLINK's sales and marketing presence in the Peoples Republic of China.

VISLINK News and Entertainment has established VISLINK (China) Limited, a joint venture company with an extensive distributor of broadcast equipment in China. The Joint Venture has been created to serve VISLINK's broadcast and related industry customers and resellers throughout the Peoples Republic of China. VISLINK (China) Limited, registered in Hong Kong, will become VISLINK's Master Distributor for China and will provide Sales, Marketing, Pre-Sales Engineering, Customer Support and related services.

"The broadcast market in China is an increasingly important part of our business" said Duncan Lewis, Chief Executive of Vislink plc. "The formation of VISLINK (China) Limited gives us a unique opportunity to rapidly increase our presence in this market, accelerate revenue growth and win new customers."

"The formation of VISLINK (China) Limited is timely and we look forward to it supporting the aggressive growth plans of China's News Gathering industry" said Mr. Zheng-Yi, General Manager of CCTV Kehua Media Productions Ltd, an affiliate of China Central Television (CCTV) China's national broadcaster.

"VISLINK's satellite communications, wireless camera systems, microwave links and TCP/IP products are highly regarded by broadcasters in China" added Chris Wilson, Director of VISLINK (China) Limited. "This new joint venture permits us to focus on serving these broadcasters, and to further develop new opportunities, both within and beyond the broadcast industry." 

VISLINK (China) Limited, which will be headquartered in Beijing, will act as Master Distributor for current and future channel partners in China and will be the company's primary interface to customers in the country. Its remit is limited to the PRC and named global customers may be excluded from this contractual arrangement.

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For further information, please contact:

Duncan Lewis, Chief Executive                                                   [phone]

James Trumper, Group Finance Director                                      [phone]

Charlie Jack, Hudson Sandler                                                     [phone]                          

About Vislink plc

The Vislink Group is strategically focussed on providing secure communication technologies to customers in its chosen markets. We specialise in wireless, video and IP technologies together with the supporting management systems. We have four international business units organised to serve its customers in News & Entertainment, Law Enforcement & Public Safety, Marine & Energy and the related Services markets. With offices in the UK, USA, Norway, Dubai, South Africa and Singapore we employ over 420 people worldwide and have net assets of £49 million. Our products include the design and manufacture of microwave radio, satellite transmission, wireless camera and marine CCTV systems; our manufacturing operations are in the UK, Norway and the USA.

 

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