BSST Bluestar

TIDMBSST

RNS Number : 6441L

BlueStar SecuTech, Inc.

06 September 2012

BlueStar SecuTech Inc.

('BlueStar' or the 'Company')

RMB 6.63 Million Order

BlueStar SecuTech Inc. (AIM: BSST), a leading provider of digital video surveillance solutions in China, is pleased to announce that it has received an order from the Bank of Beijing. The order is worth approximately RMB 4.96 million (approximately GBP0.50 million).

The contract is for the provision of networked surveillance services and solutions for the Bank of Beijing for the second part of a project with Bank of Beijing, the first part of which was for RMB 7.43 million and was announced by the Company on 18 November 2011. This second part is for approximately 165 sub-branches in Beijing in order to build up a network between the sub-branches and the head office command center. Installation of the equipment is expected to be completed by the end of November 2012.

The company has also won a contract with Shanghai Pudong Development Bank Chengdu Branch. The total order is worth approximately RMB 1.67 million (approximately GBP0.17 million). The contract is to provide networked surveillance services and solutions in order to build up a network command center in Chengdu branch for Shanghai Pudong Development Bank. Work had already started prior to the signing of the contract; it is now progressing well and is expected to be completed by the end of September 2012.

Commenting on the contract win with Bank of Beijing, Xiao Gang, Chief Executive of BlueStar said: "Following the first part of the contract win with Bank of Beijing, we are very pleased to receive the follow up order and believe that this second part will bring even more potential business for Bluestar in the future."

-Ends-

Enquiries:-

 
BlueStar SecuTech, Inc.                 www.bstar.com.cn 
Antonia Ping, CFO & Company Secretary   + 86 10 8225 5855 
 
Westhouse Securities                    www.westhousesecurities.com 
Tom Price/ Petre Norton                 +44 (0)20 7601 6100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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