Artivision

Artivision: Announced that its Video Content Analysis (VCA) solution has passed the prequalification of PRC’s Ministry of Railway’s and will be implemented in an initial project expected to go live in 2012, which will see the installation of the state-of-the-art intelligent video surveillance solution at 18 major train stations across North-East China.

This is the latest development in Artivision’s collaboration with Beijing Daheng following the agreement signed in October 2011 to use Artivision’s AVision software exclusively in its surveillance hardware applications.

Initial project is worth more than S$25m for the complete system which includes the provision of hardware, software and secure networks across 10,000 channels and Artivision’s share of the gross rev from initial project is expected to be approximately $9m.

Upon successful completion of the initial project, the solution will be implemented across China’s train stations covering more than 150,000 channels and will be worth over $350m for Beijing Daheng. Project is expected to have a positive impact on grp’s EPS and NTA over the duration of the project which is expected to be completed in 2012.