Artivision

 

ARTIVISION SIGNS LANDMARK DEAL WITH CHINESE TECHNOLOGY GIANT DAHENG Deal is the largest signed for Artivision’s security business to date

 S$6 million in revenue guaranteed within the first 18 months, with the potential for an additional S$36 million over the subsequent 24 months

Singapore, 19 October 2011 –

Under the terms of the agreement, ArtiSecurity will receive a minimum guaranteed revenue of S$6 million within the first 18 months, with potential revenue for an additional S$12 million over a subsequent period of 12 months, and S$24 million for a final period of 12 months thereafter. In return, during the term of this agreement, Beijing Daheng will have the exclusive licence to market and distribute AVision to customers in the People’s Republic of China.

Beijing Daheng is a subsidiary of Daheng New Epoch Technology Inc. (" Daheng New Epoch" or "

Beijing Daheng is a recipient of numerous high-level endorsements including the prestigious Grade A qualification for Information Technology System Integration from the Ministry of Industry and Information Technology and highly sought after Security Clearance Certificates for top confidential information technology system integration Artivision Technologies Ltd (" Artivision" , " 慧 视 科 技 有 限 公 司 " or the " Group" ) is pleased to announce that its subsidiary ArtiSecurity Technologies Pte Ltd (" ArtiSecurity" ) has entered into a collaboration agreement with Chinese technology giant Beijing Daheng Innovative Technology Co. Ltd. (" Beijing Daheng" or " 大 恒 " ) to exclusively adopt the AVision software for its surveillance hardware applications. At S$42 million, the deal is the largest contract signed for Artivision’s security business to date. 大 恒 新 纪 元 科 技 股 份 有 限 公 司 " ), a company listed on the Shanghai Securities Exchange with a market capitalisation of more than RMB3.5 billion. Daheng New Epoch is principally engaged in research, development, manufacture and distribution of integrated circuits (ICs), optical devices, optical and thin film components. With operations in Beijing, Shanghai and Zhejiang, Daheng New Epoch handles numerous security projects for the Chinese government due to its ability to effectively integrate technologies to present a complete suite of security applications to its clients.

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