SHENZHEN, China , April 24 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. (NYSE: CSR), a leading provider of digital surveillance technology in the PRC, today announced that the Company has recently signed a distribution agreement with MOBOTIX AG, a worldwide leading manufacturer of digital, high-resolution and network-based video security systems.
Under the terms of this agreement, CSST receives the right to distribute MOBOTIX products within the PRC. As a world leading manufacturer of mega-pixel IP cameras, MOBOTIX AG can enhance and expand CSST's portfolio of security & surveillance products and solutions it can offer to current and potential customers in China . It will allow CSST to bring MOBOTIX IP video solutions into the Chinese market which will not only favor the trend of changing from analog video surveillance to IP video solutions, but also help meet the demand for high-end security monitoring and provide CSST's government and business customers with more sophisticated IP-based solutions.
Mr. Guoshen Tu, Chief Executive Officer of China Security, commented "We look forward to developing a strong relationship with MOBOTIX moving forward. This agreement further demonstrates that international brands continue to recognize CSST's market position in China and its ability to provide a one- stop-shop solution to its clients.
This agreement will allow CSST's distribution and system integration operating segments to offer a more comprehensive solution to its growing customer base. Working closely with CSST will enable MOBOTIX to work with a strong China -based partner to distribute their products in a rapidly growing market. We are pleased to cooperate with this well established technology company and look forward to increased cooperation with international companies in the future."
MOBOTIX AG is listed on the Frankfurt Stock Exchange under the ticker symbol 'MBQ'.
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 .
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This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will" "believes", "expects" or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at www.sec.gov.
SOURCE China Security & Surveillance Technology, Inc.
