Targeted Strategies for Today's Evolving Markets

MissionIR Blog

China Security & Surveillance Technology, Inc. (CSR) Wins $44 million Shouguang City Contract

China Security & Surveillance Technology, Inc. (CSR), a provider of digital surveillance technology throughout China, announced this morning the signing of an agreement with the government of Shouguang City worth approximately $44 million. China Security will install security cameras in public areas, and create a traffic monitoring system for this city of 1.1 million people. Work on the project is slated to begin in the second half of 2009.

“We are very excited to have signed another large Safe City agreement in the Shandong province,” said Guoshen Tu, Chief Executive Officer of China Security. “We have developed a strong track record of success with our Safe City projects in this region including Qingzhou City, Jining City, Jiaonan City and Binzhou City, and our extensive experience in this region helped secure this new project with Shouguang City.

“We continue to develop a more comprehensive product offering and are increasingly viewed by local governments around China as the preferred security total solution provider for Safe City projects. Demand for our security and surveillance services is as strong as ever and we look forward to achieving greater success in the future.”

Shares of CSR are trading 5% higher today at $17.20. CSR has traded in a 52-week range of $10.54 – $35.35. Shares have gained nearly 22% since announcing strong second quarter 2008 financial results on August 4, 2008.

Let us hear your thoughts below:

This entry was posted in Small Cap News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *