MULTIVISION INTELLIGENT SURVEILLANCE
LIMITED
PRESS RELEASE
MultiVision Wins HK$48.67 million
Contract to Install its Digital Video Surveillance Products
and Solutions in 10 Casinos in Macau
MultiVision Intelligent Surveillance
Limited ("MultiVision" or the "Company"),
a leading provider of digital video surveillance products
and solutions, today announced that it has secured a
HK$48.67 million (S$10.92 million) contract from Macau's
Elixir Group Limited ("Elixir Group") to provide
digital video surveillance products and solutions to
10 casinos in Macau. Elixir Group is the systems integration
arm of online trading solutions provider, Value Convergence
Holdings, which is listed on the Growth Enterprise Market
of the Stock Exchange of Hong Kong.
THE CONTRACT
Through Elixir, MultiVision will supply
digital video surveillance products and solutions to
10 casinos operated by Macau gaming company, Sociedade
de Jogos de Macau, S.A ("SJM"), a subsidiary
of Sociedade de Turismo e Diversoes de Macau, S.A.R.L.
The project involves the upgrade of existing analog
CCTV systems at SJM's casinos to a digital video surveillance
platform, commencing at Casino Lisboa and the SJM control
center in the fourth quarter of calendar year 2003.
The project is scheduled to complete in the first half
of MultiVision's Financial Year 2005 ending 31 March
2005.
The contract is the fourth that MultiVision
has signed with Elixir Group in the last eight months.
It follows closely on the heels of the successful conclusion
of pilot projects at the Pharaoh's Palace and the Legend
Club Casino, as well as the award of a contract to provide
MultiVision's digital video surveillance products and
solutions to the Royal Hotel Casino and Man Yuen Casino
in September 2003.
On top of this
contract, MultiVision has also inked a deal with Elixir
Group to provide HK$3.73 million (S$837,012) worth of
digital video surveillance products and solutions to
two other SJM-operated casinos -- Pharaoh's Palace and
Omar III Casino. The project will be implemented on
an expanded-facilities basis for SJM's additional surveillance
requirements, when new gaming tables are set up at the
respective casinos.
"This HK$48.67 million contract
to install our products and solutions at the remaining
10 SJM casinos is a reaffirmation of the Elixir Group's
confidence in our products and solutions, as well as
our ability to deliver and deploy our products and solutions
successfully and in a timely manner," said Mr.
Dennis Li, President and Chief Operations Officer of
MultiVision.
"MultiVision is delighted to
be chosen by Elixir Group as its vendor-of-choice in
the project to upgrade SJM's existing analog CCTV systems
to an end-to-end digital video surveillance platform,"
Mr. Li continued.
Added Mr. Gordon Yuen, Chief Executive
Officer of Elixir Group: "MultiVision has convinced
our team that its customized digital video surveillance
products and solutions built on MPEG4 hardware compression
technology are not only highly advanced, but also meet
SJM's stringent technical requirements of high systems
reliability and redundancy."
"We expect SJM to continue expanding
its gaming facilities on the back of plans to grow its
presence in Macau over the next 18 months. These new
facilities would no doubt require the installation of
advanced digital video surveillance products and solutions.
With the appointment of Elixir Group as SJM's partner
in all its surveillance projects, we expect follow-on
projects from SJM to generate robust sales for the Group
over the next few years."
INTEREST OF SUBSTANTIAL SHAREHOLDERS
AND DIRECTORS
None of the substantial shareholders
or the Directors of the Company has an interest in the
transaction.
*****
By Order of the Board
MultiVision Intelligent Surveillance Limited
Mr Dennis Li
President and Chief Operations Officer
*****
For media / institutional enquiries,
please contact:
MultiVision Intelligent Surveillance
Limited: +65 97630679
Tan Siang Peng : tan_siangpeng@multivision.com.hk
Marketing Manager (Singapore)
Gavin Anderson & Company
: +65 63399110
Terence Foo : tfoo@gavinanderson.com.sg
General Manager and Director
Tan Ee Ching : etan@gavinanderson.com.sg
Executive
About MultiVision (Bloomberg: MVIS
SP EQUITY/ Reuters: MVIS SI)
Headquartered in Hong Kong, MultiVision
was established in 1986 and is a technology-based company
principally engaged in the design, development and distribution
of digital video surveillance products and solutions.
The Company's products are adapted for use in a diverse
range of industries including banking, residential,
commercial, utilities, healthcare and transportation,
as well as various government agencies. The end-users
of MultiVision's products include companies in both
the private and public sectors. MultiVision is ISO9001
certified.
MultiVision's products and solutions
are marketed to distributors, OEM's of surveillance
products and systems integrators for integration into
the security and surveillance systems of its end-users.
The Company's principal markets are in Australia, Hong
Kong, Taiwan and the PRC. In addition, as at 30 September
2002, MultiVision has 26 distributors in various countries
and/or places such as Hong Kong, Taiwan, Macau, the
PRC, Thailand, Malaysia, Singapore, Indonesia, Australia,
New Zealand, Israel, Ghana, The Middle East, Ireland,
UK, Latvia and the USA.
The MultiVision range of digital video
surveillance products offers digital video recording
and real time monitoring of multiple locations from
a central monitoring centre through the routing of signals
from various cameras to a central monitoring centre.
For further information see: www.multivision.com.hk
Submitted by Dennis Li, Executive
Director on 16/10/2003 to the SGX
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