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SerVision wins first order for bus CCTV from Kazakhstan

Last updated: 06:37 13 Jan 2015 GMT, First published: 07:37 13 Jan 2015 GMT

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SerVision (LON:SEV) has won its first contract in Kazakhstan for on-board transport closed-circuit television (CCTV) systems.

Under the deal, 360 of SerVision’s digital video units will be installed on buses in Astana, the Kazakh capital.

The units will be supplied to a partnership of three companies, Crosstone, A&A and SMEU-Astana, and eventually to local bus operator Astana LRT. Surveillance monitoring and cellular network software are also part of the deal.

An initial purchase order worth US$415,000 was placed, of which US$207,500 in cash has been paid already with the balance due in four weeks.

Gidon Tahan, SerVision’s chairman and chief executive, said Kazakhstan was a new geography for the company and a new market for its mobile video streaming technology.

“We are currently in negotiations with the parties for a further purchase order and are confident that our relationship with Crosstone, A&A and SMEU will develop further over the coming years," he added.

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