SerVision wins deal with Israel's largest bus operator

Mobile live video streaming company SerVision was awarded a tender by Israel’s largest bus operator, Egged Israel Transport Cooperative Society, for the supply of 247 units before the end of the year.

The AIM-traded firm said the order was for its IVG400-N units, including cameras, after Egged placed a trial order of 75 MVG-400 systems in May 2015.

It also claimed that SerVision’s recent integration with collision avoidance systems developer Mobileye convinced Egged to expand its relationship with SerVision.

The total order to the Company will be $0.25m, comprising two purchase orders from two suppliers of buses to Egged, with both orders having now been received.

“I am very pleased with the company's expanding cooperation with Egged and with our success in the bus and coach market in general,” said SerVision chairman and CEO Gideon Tahan.

“Our integration with Mobileye is an important part of our growth strategy and I am very happy that our combined solution is beginning to result in new opportunities.

“We believe that Mobileye's leading technology for road accident prevention, together with our state-of-the-art mobile video platform, will be of great interest to the global bus market.”

Lior Sethon, the deputy general manager of Mobileye’s aftermarket division, said the company was “very excited” about the cooperation with SerVision, and also looked forward to providing the integrated solution to the largest bus operator in Israel.

“I believe the Mobileye-SerVision platform will open up further mutual opportunities in the bus and coach market worldwide.”