Contract with Mass Transit Railway

RNS Number : 0468A

UniVision Engineering Ltd

18 December 2014

 



UniVision Engineering Ltd

("UniVision" or "the Group)

Contract with Mass Transit Railway (MTR)

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, is pleased to announce that it has entered into a contract with MTR Corporation Limited ("MTR"), the sole owner and operator of the mass transit railway in Hong Kong, to provide maintenance services to MTR's network of CCTV systems and public address systems. The contract has a fixed value of HK$15.1million (equivalent to GBP1.24 million on the basis of the current prevailing exchange rate) over a three year period, commencing on 1 January 2015.

The Group will provide these services on six railway lines in Hong Kong, as well as their related depots and ancillary buildings.

Stephen Koo, Chairman of UniVision commented, "I am delighted that our quality of service and reputation within the surveillance market has enabled us to get such a significant contract. It clearly demonstrates that our service meets the strictest performance standards to ensure safe and efficient operation of the systems. "

-ends-

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

UniVision Engineering Limited                                  Tel: [phone]

Stephen Koo, Chairman                                                        www.uvel.com  

Chun Pan Wong, Chief Executive Officer

Danny Kwok Fai Yip, Finance Director

Nicholas Lyth, Non-Executive Director                           [phone]

ZAI Corporate Finance Limited

(Nominated Adviser and Broker)                      Tel: [phone]  

Richard Morrison                                                                      www.zaicf.com           

 

END

 

 

STRUBSORSAAUAAA