Vimicro unit receives video-surveillance contract Vimicro announced that its subsidiary Vimicro Electronics Corporation has secured a major government purchase contract from the Jinzhong City Public Security Bureau of Shanxi province to provide Surveillance Video and Audio Coding-based security surveillance products and services. Vimicro Electronics Corporation, together with local partners, including Jinzhong Broadcast and TV Network Co., Ltd., will develop the Project. Vimicro Electronics Corporation will supply the products and services for the Project, including key video surveillance-related hardware and software. Vimicro Electronics Corporation's portion of the contract value will be $6.23M, out of a total contract value of $13.1M, which will be shared by all partners. Work on the Project is expected to be completed by the end of February 2013.