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Stock Market & Financial Investment News

News Breaks
November 1, 2012
09:03 EDTVIMCVimicro 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.
News For VIMC From The Last 14 Days
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August 19, 2014
08:34 EDTVIMCVimicro's joint venture won bid by Wanbolin District in Taiyuan City
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August 12, 2014
08:40 EDTVIMCVimicro raises Q2 revenue to $23M-$24M from $19M-$21M, one estimate $20M
The company said, "Vimicro is seeing more business opportunities in China's video surveillance market driven by the mega-trend of expedited domestic IT technology and equipment adoption initiated by the government. As the only proven provider of SVAC- compliant video surveillance technology and solutions in China, Vimicro will further expand its foothold in China's video surveillance market, leveraging on its proprietary chip technology and total video surveillance solutions, to create long-term value for our shareholders."

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