UniVision Engineering Ltd Contract win (5032M)
22 January 2021 - 12:41AM
UK Regulatory
TIDMUVEL
RNS Number : 5032M
UniVision Engineering Ltd
21 January 2021
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as stipulated under the UK version of the Market Abuse Regulation
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is considered to be in the public domain.
For immediate release: 21 January 2021
UniVision Engineering Limited
("UniVision", the "Company" or the "Group")
Contract win
UniVision (AIM: UVEL), the Hong Kong based group whose principal
activities are the supply, design, installation and maintenance of
closed circuit television (CCTV) and surveillance systems, and the
sale of security related products, is pleased to announce that the
Company has signed a fifth Supplementary Agreement to its May 2017
Agreement with the MTR Corporation in Hong Kong ("MTRC")(the "Major
Contract").
Supplementary Agreement No.5, which is for modifying design and
installation method of CCTV cameras ("the Modification Works"), has
an agreed contract value of HK$16.3m (approximately GBP1.53m). U
niVision shall supply and install the new IP-based platform cameras
and associated equipment to provide full coverage of 9-cars
platforms area to achieve the functional and technical requirements
by MTRC.
This contract award follows closely behind Supplementary
Agreement No.4, announced as Contract Win on 30 December 2020,
which was for HK$11.2m.
As announced on 30 December 2020, the Directors now expect that
work on the Major Contract, together with the five Supplementary
Agreements added to date, is now unlikely to complete in full until
July 2024.
For further information visit www.uvel.com or contact :
UniVision Engineering Limited Tel: +852 2389 3256
Stephen Koo, Chairman www.uvel.com
Danny Kwok Fai Yip, Finance Director
Nicholas Lyth, Non-Executive Director Tel: +44 (0)7769 906686
SPARK Advisory Partners Limited Tel: +44 (0)20 3368 3551
(Nominated Adviser)
Mark Brady / Neil Baldwin www. sparkadvisorypartners.com
SI Capital Limited Tel: +44 (0)1483 413500
(Broker) www.sicapital.co.uk
Nick Emerson
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