RNS Number:4854A
SerVision plc
19 July 2007
SerVision Plc
("SerVision" or "the Company")
Letter of Intent from Orange
SerVision Plc, the AIM listed leading developer and manufacturer of digital
security systems, is pleased to announce that it has received a Letter of Intent
from Partner Communications Ltd, a subsidiary of Orange Israel, for the launch
and deployment of a joint 3G video business service.
Partner Communications Company Ltd. is a leading Israeli mobile communications
operator known for its GSM/GPRS/UMTS/HSDPA based services and the development of
wire free applications under the OrangeTM brand. The Company provides quality
service and a range of features to 2.7 million subscribers in Israel (as of 31
March 2007).
As part of the contract, Orange intends to sell a package, including the HVG 400
products, to all of its business customers through its business sales department
in Israel. Orange Israel currently has approximately 600,000 business customers.
The HVG400 product can support up to four video channels simultaneously and
includes SerVision's new feature the "bi-directional audio", through which
customers can view remote live video over cellular network and conduct a two-way
verbal communication via their cell phone to the system located on the remote
site.
Gideon Tahan, Chief Executive and Chairman of SerVision, said: "This is a marked
step change in the development of the SerVision business with this being the
first retail mass distribution contract for any of the SerVision products. In
addition, this Letter of Intent marks the first piece of business with a major
cellular operator and to pass through Orange's rigorous technical testing
processes 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."
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