Contract Win

RNS Number : 9751H

UniVision Engineering Ltd

23 May 2014

 

                                                                                                            23 May 2014

UniVision Engineering Limited

("UniVision" or "the Group)

New CCTV Contract - Hong Kong- Zhuhai -Macao Bridge

UniVision (AIM; UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, is pleased to announce that it has been awarded a new contract by JSI -Autotoll JV ("the Contractor") with a total value of HK$11.25m (approx. £0.86m on the basis of the current prevailing exchange rate). The contract runs for approximately one and a half years.

The Contractor has entered into a contract (the "Main Contract") with the Hong Kong Government. The Main Contract is relating to Hong Kong-Zhuhai-Macao Bridge Hong Kong Boundary Crossing Facilities and Hong Kong Link Road, and Tuen Mun- Chek Lap Kok Link Southern Connection -Traffic Control and Surveillance System. The sub-contract works to be performed by UniVison is to design, supply, deliver, install and commission the Closed Circuit Television Systems ("CCTV"). Hong Kong- Zhuhai -Macao Bridge is a major new infrastructure project of the Hong Kong Government.

Mr. Stephen Koo, Executive Chairman of UniVision commented, "Again, the quality of service and reputation of UniVision in the surveillance market are the key factors in Univision being awarded this contract. It demonstrates that our level of service meets the high performance criteria of our customers."

For the year ended 31 March 2013, the Company's turnover in this sector was £7.26 million.

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

UniVision Engineering Limited                   [phone]

Stephen Koo, Chairman

Chun Pan Wong, CEO

Nicholas Lyth, Non-Executive Director           [phone]

Zeus Capital Limited (Nominated Adviser and Broker)

Tim Metcalfe                                       [phone]

John Depasquale                                           

 

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