SHENZHEN, China , April 28 /Xinhua-PRNewswire/ -- China Security &
Surveillance Technology, Inc. (NYSE: CSR)('CSST'), a leading provider of
security solutions in China , today announced that it has signed a framework
agreement valued at approximately
Phase 1 of this project, valued at approximately
Phase 2 of this project involves an expansion of the installations, including traffic monitoring systems and surveillance cameras and network control centers, to other districts within Qingzhou City.
Qingzhou is located in Shangdong Province and has a population of roughly 900 thousand people. CSST proudly signed the framework agreement with Qingzhou City and will continue to develop and expand the installation of the traffic monitoring and public security surveillance system which was built up in the 1st phase. The Company expects to recognize the majority of the revenues from this second phase in 2009.
Mr. Guoshen Tu, Chief Executive Officer of CSST commented, "We are very pleased that the phase 1 project with Qingzhou City accomplished last year resulted in a larger and more comprehensive phase 2 project within the same city. We are proud that Qingzhou City's local government is recognizing our ability to deliver a comprehensive security and surveillance solution. We look forward to obtaining similar projects in the near future."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China , China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com .
SOURCE China Security & Surveillance Technology, Inc.