BlueStar has signed a RMB1.59m contract to provide its DVRs, video servers and networking solutions to Shanghai Stock Communication. It is anticipated that the contract will be completed by March 2008.
Shanghai Stock Communication is a subsidiary of the Shanghai Stock Exchange. BlueStar's DVRs and networking solutions will be used to monitor two data centres in Shanghai that contain the host computers for all market makers trading on Shanghai Stock Exchange's trading platform.
The Board is extremely pleased to have an additional revenue stream with the Shanghai brokerage industry and looks forward to building on this momentum as BlueStar continues its expansion outside the banking sector. This contract, with such an important and high profile company, helps further endorse the reputation of BlueStar as the leading provider of DVR solutions to the financial services sector in the PRC .