Gidon Tahan, chief executive of for SerVision Plc (LON:SEV) says the company, and its market, have come a long way in the last couple of years.
He tells Proactive: “The market wasn’t ready for us two to three years ago, but now it is. Buses were first but now taxis and even trucks require video.”
Tighter insurance requirements have sparked a surge in new orders from UK-based transport and logistics groups in-vehicle camera systems.
The firm is concentrating on a recurring revenue format, and Tahan says: “We have entered into long-term recurring revenue contracts with a number of major UK companies, many of whom we would hope to expand our relationship with over the next few years.”