HONG KONG - SU Group Holdings Limited (NASDAQ:SUGP), a provider of security-related engineering services, announced today that it has secured a contract to implement a comprehensive security system for a high-profile property complex in Hong Kong. The project will involve the design, supply, and installation of an integrated Extra Low Voltage (ELV) security solution.
The tailored security package will include a high-definition CCTV system, advanced detection and image processing, communications and high-speed WiFi systems, secure mailbox access, and a video-enabled door security system. Additionally, SU Group will set up a Communal Aerial Broadcast Distribution (CABD) system to amplify signals within the property.
Dave Chan, Chairman and CEO of SU Group, stated that this project is expected to be a showcase for the company's capabilities in handling complex security systems. He also mentioned that the company is strategically targeting higher value, higher margin projects and is well-positioned for growth due to the scale of its solutions portfolio and strong customer demand amidst persistent security threats.
SU Group has been providing turnkey security services for over two decades, including the design, installation, and maintenance of systems such as threat detection, traffic and pedestrian control, and extra-low voltage systems across various sectors in Hong Kong.
The company's forward-looking statements in the press release highlighted its optimism for potential revenue and profit growth, citing the largest customer opportunity pipeline in its history. However, these statements also acknowledged the inherent risks and uncertainties that could impact the company's financial condition and operational results.
The information for this article is based on a press release statement from SU Group Holdings Limited.
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