Awarding of Contract

RNS Number : 4585F
UniVision Engineering Ltd
15 July 2019
 

15 July 2019

 

UniVision Engineering Limited

("UniVision", the "Company" or the "Group")

Awarding of Contract  

 UniVision (AIM: UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed-circuit television (CCTV) and surveillance systems, and the sale of security related products, announces that it has been awarded a contract for the supply of a Video Analytic Monitoring System at Tai Tam Gap Correctional Institution ("the Correctional Institution") in Hong Kong.

This represents one of the first few contracts win from the Hong Kong Government since we announced that the temporary tendering suspension had been lifted in May 2019. The contract value is approximately HK$2.55m and commences immediately.

The system is designed to automatically identify abnormal behaviour in the Correctional Institution and incorporates technology such as facial recognition.

Stephen Koo, Chairman commented:

 

"We are delighted to have been awarded this contract which aims to improve both efficiency and safety of everyone in the facility.  We also anticipate that, if successful, there may be further demand for this type of intelligent video surveillance system in other similar facilities and beyond.  As we have announced previously, we look forward to reporting our final results in August."

 

For further information visit www.uvel.com or contact:

 

UniVision Engineering Limited

Tel: +852 2389 3256

Stephen Koo, Chairman                                                       

www.uvel.com

Chun Pan Wong, Chief Executive Officer 


Danny Kwok Fai Yip, Finance Director


Nicholas Lyth, Non-Executive Director

Tel: +44 (0)7769 906686



SPARK Advisory Partners Limited                                       

(Nominated Adviser)                              

Tel: +44 (0)20 3368 3551  

Mark Brady / Neil Baldwin

www.sparkadvisorypartners.com





SI Capital Limited

(Broker)

Tel:  +44 (0)1483 413500

www.sicapital.co.uk

Nick Emerson

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTDMGMNGKRGLZG
UK 100

Latest directors dealings