20/02/2007
SerVision signs distribution agreement
UK
The total consideration of the contract in the first year is expected to be in the region of $1m, representing some 1,200 units. The first shipment of 150 units worth approximately $110,000 to the company has already been dispatched. The SVG and HVG products provide remote video surveillance available and will be targeted at SerVision's three core markets, namely commercial, transportation and residential.
GCO is a distributor of Video Security equipment, specialising in CCTV. The company began operations in Benelux in 2005 and has since established itself as one of the leading distributors in the region, leading to its expansion into France.
Gidon Tahan, chairman and chief executive, comments: "We are very pleased to have signed this distribution agreement with GCO. The addition of France and Benelux will increase our exposure in Europe and presents an exciting opportunity for SerVision as we look to increase our market penetration with some further, significant new contracts in the near future."
GCO security managing director, George Comeyne comments "We are committed to providing our customers with the best technology available and have found that SerVision's products offer the highest quality video transmission over narrowband and IP networks. Both the HVG and SVG products offer considerable advantages over its competitors and we are delighted to be working with them."























