China Security Surveillance Technology expands E-city Projects in Shaanxi Provi
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CSR | Quote | Chart | News | PowerRating -- China Security & Surveillance Technolog
y, Inc. (CSR. NYSE), a leading provider of digital surveillance techno
logy in China, Monday announced that it has signed two E-city project
agreements for Huayin City and Shangluo City in Shaanxi Province, toge
ther valued at approximately 2.7 billion yuan (approximately 394.7 mil
lion US dollars).
The potential revenue from these two projects is expected to be rec
ognized within the next three to five years.
The E-city framework agreement with Huayin City is valued at approx
imately 1.5 billion yuan (approximately 219.3 million US dollars) whil
e the E-city framework agreement with Shangluo City is valued at appro
ximately 1.2 billion yuan (approximately 175.4 million US dollars).
The detailed execution time and value of the two projects will be s
ubjected to specific agreements, and corresponding revenues will be re
cognized upon the further signing and execution of binding contracts,
which is expected to be carried out in 2010.
The Huayin E-city project is designed to advance the information fa
cilities of Huayin City, to provide an integrated digital platform of
its tourism information, to strengthen its position as a tourism desti
nation and enhance regional economic growth.
The Shangluo E-city project aims to build out a fully integrated Sa
fe City platform, an Emergency Response System and an Information-base
d Transportation Management System to improve urban information commun
ication and management infrastructure and thus speed up the urbanizati
on process and economic growth in the region.
For full details on China Securties & Surveillance (CSR) CSR. China Securties & Surveillance (CSR) has Short Term PowerRatings at TradingMarkets. Details on China Securties & Surveillance (CSR) Short Term PowerRatings is available at This Link.
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