REG - UniVision Eng Ltd - Contract with Mass Transit Railway <Origin Href="QuoteRef">UVEL.L</Origin>

UniVision EngineeringAnnouncement

18/12/2014 07:10

RNS Number : 0468A
UniVision Engineering Ltd
18 December 2014
UniVision Engineering Ltd
("UniVision" or "the Group)
Contract with Mass Transit Railway (MTR) 
UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, is pleased to announce that it has entered into a contract with MTRCorporation Limited ("MTR"), the sole owner and operator of the mass transit railway in Hong Kong, to provide maintenance services to MTR's network of CCTV systems and public address systems. The contract has a fixed value of HK$15.1million (equivalent to GBP1.24 million on the basis of the current prevailing exchange rate) over a three year period, commencing on 1 January 2015. 
The Group will provide these services on six railway lines in Hong Kong, as well as their related depots and ancillary buildings. 
Stephen Koo, Chairman of UniVision commented, "I am delighted that our quality of service and reputation within the surveillance market has enabled us to get such a significant contract. It clearly demonstrates that our service meets the strictest performance standards to ensure safe and efficient operation of the systems. "
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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  +44 (0) 7769 906686
ZAI Corporate Finance Limited 
(Nominated Adviser and Broker) Tel: +44 (0)2070602220
Richard Morrison   www.zaicf.com 

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