Source: Blue Star SecuTech
Blue Star SecuTech plc (AIM:BSST.L), a leading provider of digital video surveillance solutions ('DVR's') to corporate clients in the PRC, is pleased to announce that, it has signed a significant contract to provide its DVRs to the Bank of China, one of the leading banks in the PRC and a constituent of the Fortune Global 500.
A small proportion of these revenues is expected to arise in 2007 and the contract is scheduled to be completed by October 2010.
BlueStar will provide the Bank of China with DVRs for inclusion in the construction of ATM machines that are being installed across China. In addition, BlueStar will supply and install the DVRs, cameras and related equipment to the ATM machines.
The Company is also pleased to announce the opening of a new Sales and Service center in Xi'an which currently employs 14 people. Xi'an is located in the center of Northwest China and is a key part of BlueStar's expansion plan as stated in its Admission Document. The centre was opened on 25 September.
Commenting on the agreement, Xiao Gang, Chief Executive Officer of BlueStar said: "We are delighted to have won a further contract in this key sector for our products and very pleased to be providing our DVR's to a member of the Fortune Global 500. Contracts such as these continue to establish BlueStar as one of the leading providers of digital video surveillance solutions in China."