New Contracts in Russia
Posted on Thursday, December 6th, 2007.HOUSTON, TX–(MARKET WIRE)–Dec 6, 2007 — First Capital International, Inc. (OTC BB:FCPN.OB – News), the Designer and Manufacturer of its prepackaged VIP Systems(TM) (www.VipSystems.us), a state-of-the-art Video Surveillance Security Solution, announced today that the Company has signed a long-term Contract with a Russian independent Power Developer to provide security systems for several Power Stations in the Russian Federation.
This new Contract is with RosInvestStroy and will require that First Capital International, Inc. provide a full security complex from fire protection, IT security and video surveillance to complete security solutions for a group of several Power Stations located in Moscow and St. Petersburg.
"We are very excited to bring this development to Russia as a part of our long-term strategy for our industrial division," said Alex Genin – CEO and President of First Capital International, Inc. Mr. Genin went on to further state: "With a total power output for these stations in excess of 800 MWT, this will make these Power Station projects the largest long-term projects for our Company."
First Capital is reporting that it expects funding for the first phase of the projects to take place in April – May of 2008. Further, the Company is continuing its marketing efforts of bringing the Company’s technology to the Russian market — which is currently one of the fastest growing security markets in the world.
Additionally, the Company further reports that these above-referenced Power Station Projects will also involve the Washington Division of URS Corporation, Decisive Analytics Corporation and OAO Russian Electronica. All of these respective companies have recently signed Teaming Agreements with First Capital International, Inc. to develop these new business opportunities in the energy sector of the Russian Federation.
Tags: capital, contract, first, russia, technology