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Last 4.63 GBp
Change Today -0.125 / -2.63%
Volume 1.5M
SEV On Other Exchanges
As of 11:34 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

servision plc (SEV) Snapshot

4.88 GBp
Previous Close
4.75 GBp
Day High
4.88 GBp
Day Low
4.63 GBp
52 Week High
05/28/15 - 4.88 GBp
52 Week Low
08/27/14 - 2.25 GBp
Market Cap
Average Volume 10 Days
-0.05 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for SERVISION PLC (SEV)

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servision plc (SEV) Details

Servision PLC develops, manufactures, and sells IP-based video monitoring solutions for the security market 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. 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 based in Jerusalem, Israel.

37 Employees
Last Reported Date: 06/30/14
Founded in 2004

servision plc (SEV) Top Compensated Officers

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servision plc (SEV) Key Developments

SerVision PLC Opens New Office for Sales and Marketing in New York; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

SerVision PLC announced that it has opened a new office for sales and marketing in New York in order to spearhead leased-based sales operations in the United States. The company also announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company announced turnover of $1,842,000 compared to $1,260,000 for the same period a year ago. Operating loss was $814,000 compared to $1,002,000 for the same period a year ago. Loss on ordinary activities before taxation was $891,000 compared to $1,035,000 for the same period a year ago. Net loss for the period was $892,000 compared to $1,040,000 for the same period a year ago. Diluted loss per share was 1.61 cents compared to 2.01 cents for the same period a year ago. Net cash outflow from operating activities was $567,000 compared to net cash inflow from operating activities of $349,000 for the same period a year ago. Purchase of property, plant and equipment and intangibles was $329,000 compared to $507,000 for the same period a year ago.

SerVision Enters into Distribution Agreement with Beijing SIVI Technology Co., Ltd

SerVision announced that it has entered into a distribution agreement appointing Beijing SIVI Technology Co. Ltd. (BST) as exclusive distributor of SerVision's video gateway products in China. Under the terms of the Agreement, BST will have exclusivity over the distribution of all of the company's video gateway products in these territories until June 2016 and over this period they have committed to an order schedule comprising six purchase orders with an aggregate value of USD 2.5 million. This is based on certain terms and conditions being met by SerVision and BST as stipulated in the agreement. SerVision has received an initial purchase order from BST with an aggregate value of USD 500,000 of which USD 271,825 in cash has been paid to SerVision. The remaining balance of USD 228,175 of the initial purchase order shall be paid 3 days after BST grants the China Compulsory Product Certification but no later than 31 October 2014. Pursuant to the Agreement BST has also agreed to submit additional purchase orders with an aggregate value of USD 500,000 prior to 31 December 2014 and a further four purchase orders by 31 December 2015 with an aggregate value of USD 1.5 million according to an order schedule and pricings as detailed in the agreement. The products being supplied to BST from SerVision fall across its entire range of video gateway solutions with an emphasis on fixed and mobile systems for fleets and remotely located sites. The Company will also be promoting the SVControlCenter, SerVision's enterprise-level video monitoring software platform. The agreement replaces the manufacturing rights agreement previously entered into between SerVision Limited, the Company's wholly owned subsidiary, and Rich Wonder Technology Limited in May 2010.

Servision PLC, Annual General Meeting, Jul 30, 2014

Servision PLC, Annual General Meeting, Jul 30, 2014., at 11:00 GMT Standard Time. Location: at the offices of Adams & Remers LLP. Agenda: To receive the company's annual accounts for the financial year ended December 31, 2013 together with the directors' report and auditor's report on those accounts; to consider re-appoint Haysmacintyre of 26 Red Lion Square, London WC1R 4AG as auditors and to authorise the directors to determine their remuneration; to re-appoint as a director Eitan Tzitz Yanuv who is retiring and standing for re-election in accordance with article 20 of the Company's articles of association; and to allot shares in the company or grant rights to subscribe for or to convert any security into shares in the company.


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