Chinese City Taps Vimicro for Surveillance Systems

Company hopes to capitalize on nation’s growth
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Company hopes to capitalize on nation’s growth

The security force of a city in China has contracted Vimicro Electronics Corp., a PC-camera processor and Internet protocol-based surveillance solution company, for surveillance video and audio coding (SVAC)-based security products and services.

The Jinzhong City Public Security Bureau, located in Shanxi province, contracted Vimicro for the products and services, including video surveillance-related hardware and software, for $6.23 million. In addition, Vimicro will work with Jinzhong Broadcast and TV Network to develop the project, which is scheduled to be complete by March 2013.

“The award of this project shows that Vimicro's surveillance technology is achieving recognition by the market, especially by the important public security sector we are targeting,” said David Tang, the company’s chief financial officer.