RCS - UniVision Eng Ltd - Marketing ambitions <Origin Href="QuoteRef">UVEL.L</Origin>

UniVision EngineeringAnnouncement

25/05/2017 10:10

RNS Number : 2296G
UniVision Engineering Ltd
25 May 2017
UniVision Engineering Limited
("UniVision" or the"Company")
25 May 2017
Following the announcement on 12 May 2017, concerning the award of the HK$389.4m contract ("the Contract") to UniVision by the Hong Kong MTR Corporation Limited ("MTR Corporation"), the Board of Directors wishes to expand on its future marketing ambitions.
The Company was awarded this contract in the face of severe competition from major multinational companies that have operations focusing on closed circuit television and surveillance systems. The Board believes that this success presents UniVision with an opportunity to market its brand to purchasers of similar systems outside Hong Kong, including but not limited to the Peoples Republic of China ("PRC") and Australasia.
There are currently 47 metro systems under construction worldwide, of which 17 are in PRC and South East Asia.
At the appropriate time, the Company will commence its review of this market and will update shareholders in due course.
The Company believes that, in addition to the awarding of the Contract by MTR Corporation, in its experience, but without any certainty of securing any contract, there may be the opportunity to win additionalpotential contracts of varying sizes from MTR Corporation that are associated with the main contract. Should this be the case the Company will update the market. 
For further information visit www.uvel.com or contact:
UniVision Engineering Limited
Tel: +852 2389 3256
Stephen Koo, Chairman 
www.uvel.com
Chun Pan Wong, Chief Executive Officer 

Danny Kwok Fai Yip, Finance Director

Nicholas Lyth, Non-Executive Director
Tel: +44 (0)7769 906686


ZAI Corporate Finance Limited 
(Nominated Adviser and Broker) 
Tel: +44 (0)20 7060 2220
Dugald J. Carlean /Tim Cofman
www.zaicf.com

This information is provided by RNS
The company news service from the London Stock Exchange
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