The company's electronic security systems will be marketed in Norway, Sweden and the UK.
Visonic Ltd. (LSE: VSC; TASE:VSC) has signed a new $10 million two-year distribution contract for its PowerMax electronic security systems with Norway's Sector Alarm Holdings AS.
Visonic president and CEO Dr. Avi Shachrai said, “This agreement furthers our strategy of developing sales through partnerships with leading security companies."
Sector Alarm will market PowerMax among private customers in Norway, Sweden, and the UK.
Visonic rose 9.7% on the LSE and 10.2% on the TASE today.
Published by Globes [online], Israel business news - www.globes-online.com - on February 4, 2008
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