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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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September 16, 2014
10:47 EDTVIMCWilldan and Vimicro strength attributed to positive mentions by Navellier
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September 10, 2014
08:34 EDTVIMCVimicro to form strategic alliance with Inspur for video surveillance solutions
Vimicro has reached a Letter of Intent to form a strategic alliance with Inspur Group to cooperate and coordinate efforts in China's video surveillance market in the areas of solution and application development, maintenance and services, sales and marketing. The jointly developed total solutions consist of Vimicro's video surveillance technology and solutions and Inspur's servers and storage and its expertise in cloud computing.

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