VGT Vigilant

RNS Number:3244X
Vigilant Technology
24 January 2006

24 January 2006

                          Vigilant Technology Limited

                Extension of US OEM agreement signed with Pelco

Vigilant Technology Limited ("Vigilant"), the Aim-listed company (ticker: VGT),
which designs and manufactures sophisticated, "intelligent" solutions for the
high-end CCTV security and surveillance market, today announced the extension
for a further  year, of its non-exclusive OEM (original equipment manufacturer)
agreement for the US market with Pelco. Pelco is a US-based leader in the
design, development and manufacture of video security equipment for a broad
range of industries and applications.

The  extended agreement continues Vigilant's relationship with Pelco which dates
back to 2000 when the Company was first selected as Pelco's supplier of high-end
premium solutions to the US market.  Until the end of 2004, Pelco was Vigilant's
exclusive distributor in the US and, over the last five years, has sold
approximately US$40 million of Vigilant's equipment in the US at Pelco's selling
prices.

In September 2004, Vigilant signed a new non-exclusive agreement with Pelco
whereby Pelco continued to sell Vigilant's products in the US under its own
brand name.  Over the last year, Vigilant has also begun to build a direct sales
team and develop a number of additional strategic relationships in the US with
key systems integrators and end-users.  In the six months to 30 June 2005, the
relationship with Pelco accounted for approximately 40% of Vigilant's sales.

One of Pelco's more high profile installations was securing the Republican
National Convention which was held in New York City (NYC) in August 2004, ahead
of the US presidential elections. Vigilant's digital recorder, the main product
sold by Pelco, was the central element of this integrated video surveillance
network, set up all across NYC.

Moshit Yaffe-Blushinksy, Chief Executive Officer, said today:

"We are very pleased to announce the extention of our agreement with Pelco which
continues our long and successful relationship with Pelco in the US market
dating back to 2000.  We are currently working together on a number of high
profile US projects.  We believe this new agreement puts us in an excellent
position to capitalise further on the growing demand in the US for "intelligent"
security and surveillance solutions, against the backdrop of rising terrorism
and security concerns. "


For further information, please contact:

Citigate Dewe Rogerson                                      +44 (0)20 7638 9571
Sally Marshak/Hannah Seward

Commitment IR
Yael Nevat                                                   +972 (0)3 611 4466

Vigilant Technology Limited                         +972 (0)3 649 1110 (ext 203)
Moshit Yaffe-Blushinsky


Notes to Editors

About Vigilant Technology

  * Vigilant Technology designs and manufactures sophisticated, "intelligent"
    solutions for the high-end CCTV (closed circuit TV) security and
    surveillance market.  This is a rapidly growing market due in large part to
    the growing threat of terrorism and other security concerns and the greater
    recognition of the role live and recorded video can play in preventing and
    detecting crime.

  * Vigilant Technology was listed on Aim on 20th December 2005, following a
    placing of 23,255,814 new ordinary shares, which raised gross proceeds of
    #10 million.  Shore Capital acts as nominated adviser and broker to the
    Company.

  * Vigilant's systems use proprietary technology, both hardware and software,
    which it developed internally. The Company's systems enable end users to
    record, compress, store, retrieve, review and analyse digital video footage
    collected from a large number of security cameras.

  * Over the six years since its foundation, Vigilant has won a "blue-chip"
    customer list, which is growing as new products and security solutions come
    on stream.  Large-scale installations using Vigilant's products include
    local authorities, correctional facilities, airports, transport hubs, banks,
    shopping malls and casinos.  For example, Vigilant's systems are currently
    installed in the London Boroughs of Hackney, Hillingdon, Barking and
    Dagenham as well as the Bluewater shopping centre and Tel Aviv Ben Gurion
    Airport.   Other projects in the pipeline include a two-casino project in
    California with Pelco, a project with a leading South African system
    integrator, to upgrade seaport security systems, and a project to upgrade
    the security for railway stations in Spain.

  * In addition, Vigilant has a strong research and development programme and
    is currently trialing its next generation (the 'Third Generation') of
    digital surveillance technology.

  * Vigilant was founded in February 1999 by two brothers, Yoram and Ronen
    Sagher, together with Adi Pinhas who left the Company three years ago.  The
    Company made its first sale in late 2000.

  * Vigilant is based in Israel while currently over 95 per cent of its
    turnover is derived from exports.  The Company has supplied large systems in
    a number of major countries, including the USA, UK, France, Spain, Italy,
    Greece, South Africa and Argentina.  The Group has marketing and support
    offices in both New York and London, through two wholly-owned subsidiaries,
    namely Vigilant Technology Inc. in the US and Vigilant Technology UK Limited
    in the UK.

About Pelco

Based in California, Pelco is a world leader in the design, development and
manufacture of video security systems. With a proven history of offering
high-quality products, innovative technologies and high customer satisfaction,
Pelco has become one of the most sought after video product suppliers in the
industry.

Pelco sells more than 5,500 products; it produces a large selection of items
making up a complete video surveillance system, appropriate for many sizes and
types of installations. These include various types of camera housings, video
control systems, next generation DVRs, IP solutions and fibre optic transmission
systems for voice and data.

Pelco has an extensive customer base, which is serviced by a network of dealers
throughout the United States and in over 130 countries. Pelco's equipment is
installed in more than 1 million video surveillance installations worldwide.
With 15,000 employees, it is also one of the largest employers in Central
California.

For more information please visit www.pelco.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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