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Last 5.25 GBp
Change Today 0.00 / 0.00%
Volume 674.2K
SEV On Other Exchanges
As of 11:30 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

servision plc (SEV) Snapshot

5.25 GBp
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07/14/15 - 5.75 GBp
52 Week Low
10/24/14 - 2.63 GBp
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servision plc (SEV) Details

SerVision PLC develops, manufactures, and sells IP-based video monitoring solutions for security and transportation sectors worldwide. The company offers professional video gateway systems comprising digital video recorders/video transmitters that enable live and remote video surveillance of fixed or moving sites. It also provides a proprietary proxy server and video distributor, and a software-based control center platform for centralized video management. SerVision PLC provides its solutions to mobile platforms, such as public transportation, school buses, taxis, police vehicles, armored vehicles/cash-in-transit, trains, and body-worn; remote locations, including safe cities, traffic intersections, cellular base stations, and utility sites; and fixed sites, such as private homes and offices, and commercial sites. The company sells its solutions through a network of channel partners, including distributors and system integrators, as well as directly to end customers. SerVision PLC was incorporated in 2004 and is headquartered in Jerusalem, Israel.

37 Employees
Last Reported Date: 06/30/15
Founded in 2004

servision plc (SEV) Top Compensated Officers

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servision plc (SEV) Key Developments

Greenroad UK Enters into a Partnership with SerVision

SerVision announced that GreenRoad UK has entered into a partnership with SerVision, to use the company's unique live video streaming solution, with a number of its customers. The new partnership with SerVision will see GreenRoad offer, under trial initially, the addition of live video streaming upon installation of their products with new and existing customers, including retro-fitting the cameras into existing vehicles. SerVision's new end-to-end, fully integrated solution will be core to the product package, meaning the company will be responsible for facilitating the video data streaming from the vehicles, and which will ultimately lock in the end customer more effectively to SerVision. The average contract time for each customer is expected to be two years. SerVision will retain all revenue from the video data service, however, as some customers may require a bespoke solution for their fleet, the company may alter the way it charges for installation and ongoing maintenance services. The SerVision live video solution combined with GreenRoad's telematics products will provide customers with a unique combined offering to interrogate driver behavior.

Servision PLC Appoints Gary Higham as Managing Director; Intends to Open UK Office; Gatwick Airport Limited Selects the Company as Supplier

Servision PLC announced that it has appointed Gary Higham as Managing Director (UK) of the company, a non-board position. Gary has 20 years experience in the security, telematics and fleet management industry with extensive experience rolling out integrated solutions and recurring revenue business models with blue chip clients in the UK. The company intends to open a UK office, located in Manchester, in the near future. The company announced that after the completion of successful trials the company has been chosen by Gatwick Airport Limited to supply its live mobile CCTV systems and monthly data services to enhance, secure and protect the mobile assets of the airfield operations. Gatwick Airport has an approximate fleet size of 300 vehicles. An initial purchase order valued at approximately £20,000 has been placed by Gatwick Airport for the installation of MVG400 units in 12 vehicles in the airport's airfield operations. The order with Gatwick Airport is the first to be undertaken by SerVision's new UK-based management team which will be providing commercial and technical support to UK-based companies.

Servision PLC Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Servision PLC announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company announced total revenues of $4,236,000 compared to $3,512,000 for the same period a year ago. Operating loss was $665,000 compared to $2,732,000 for the same period a year ago. Loss on ordinary activities before income tax was $794,000 compared to $2,807,000 for the same period a year ago. Net loss for the year was $795,000 compared to $2,821,000 for the same period a year ago. Loss per share basic and diluted was 1.16 cents compared to 5.06 cents for the same period a year ago. Net cash used in operating activities was $394,000 compared to net cash generated from operating activities of $340,000 for the same period a year ago. Purchase of property, plant and equipment and intangibles was $626,000 compared to $800,000 for the same period a year ago.


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