VGT Vigilant

RNS Number:6702G
Vigilant Technology
25 July 2006



   Vigilant Technology announces three new contracts worth over US$1 million


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, is pleased to announce the
signing of three new contracts worth over US$1 million in additional revenues.


Vigilant has signed a digital video recording solution contract with the Israel
Diamond Exchange Ltd (the "Exchange").  Under this contract which will upgrade
the Exchange's entire, fully operating current analogue system, hundreds of the
Exchange's existing cameras will be integrated in to a new Vigilant digital
video recording solution. In line with the Exchange's specific requirements,
Vigilant's modular solution provides future flexibility in allowing an unlimited
number of further recording channels to be added as and when needed.  For
example, the Exchange is currently considering an enlargement of its main
trading hall which would necessitate further recording channels being added to
the system.


The Exchange has a world-renowned reputation.  It has approximately 2,500
members dealing in the trade, production, marketing, purchasing and brokerage of
diamonds, including their import and export.  Located in Tel Aviv, the Exchange
enables its members to conduct their affairs "under one roof" with maximum
convenience and security, within the largest and most sophisticated trading hall
for diamonds in the world and in over 1,000 private offices at the Exchange.


Reflecting the high value and portability of diamonds, the Exchange is a
high-security organization.  Vigilant's ability to offer a high-end digital
video recording solution was therefore a critical factor in their selection
process.  Vigilant's system was chosen only after several leading solutions,
including Vigilant's, had being tested against one another by the Exchange.
Also important to the Exchange's decision was Vigilant's ability to offer a
total surveillance solution capable of being fully integrated with the
Exchange's existing security and surveillance system.


Vigilant is also pleased to announce the signing of a further contract with one
of Russia's major banks. The solution will enable the recording a large number
of channels, supported by Vigilant's SmartGuard intelligent video analytics
solution.


The Company is also pleased to announce that that it has secured a contract for
the major expansion and upgrade to the technology already installed at the
London Borough of Hackney.  The new municipality system incorporates both
centralised and distributed recording solutions, using a combination of
Enterprise and Xstream, on a network-distributed architecture and utilising the
latest software from Vigilant. This will further enable recording in public
spaces such as main streets, park areas, car parks, youth offender institutes
and other public buildings.


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


"We are very pleased to announce the signing of these contracts with such high
profile clients, which the Directors believe will amount to over one million
dollars in additional revenues.  We believe these new agreements put us in an
excellent position to capitalise further on the growing demand for "intelligent"
security and surveillance solutions, against the backdrop of rising terrorism
and security concerns worldwide."


For further information, please contact:


Citigate Dewe Rogerson                     +44 (0)20 7638 9571

Sally Marshak / Hannah Seward



Commitment IR                              +972 (0)3 611 4466

Yael Nevat




Vigilant Technology Limited                +972 (0)3 649 1110 (ext 203)

Moshit Yaffe-Blushinsky - CEO



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.



  * 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 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 the Israeli Diamond Exchange Ltd.


  * The Israel Diamond Exchange Ltd. is a private company with a world
    renowned reputation and has approximately 2,500 members dealing in the
    trade, production, marketing, purchasing and brokerage as well as the import
    and export of diamonds.  Located in Tel Aviv, the Diamond Exchange provides
    a business framework for its members, enabling them to manage their affairs
    with maximum convenience and security, both in the trading hall, which is
    the largest and most sophisticated in the entire world, and in over 1,000
    private offices at the Exchange. The Exchange's activity framework is
    managed according to the "all under one roof" concept, which enables members
    to find everything they need within the complex, from professional and
    business services to equipment and social services.

  * Further information can be obtained from http://www.isde.co.il/en.



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