IPS Securex Holdings, the provider of security products and integrated security solutions, annouonced that its wholly-owned subsidiary, Securex GS, has been awarded a $4.5 million contract to supply and deliver an integrated security system solution.
See: CEO of IPS Securex pares stake as company reverses from the red
Due to the nature of the group's business, the group does not typically disclose its clients' information or orderbook value.
Under the contract, the integrated security system solution is to be completed no later than Nov 30, 2022. The contract is expected to have a material financial effect to the group's FY2022 ended June 2022 results.
Kelvin Lim, executive director and CEO of IPS Securex says, "Despite the ongoing challenges posed by the Covid-19 pandemic, we continue to engage with our customers so that we can continue to deliver integrated security solutions that meet their requirements and needs. As countries slowly open up, we are seeing tenders gradually resuming for projects previously on hold, as well as for new projects.”
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See also: FWD Group has refiled to list with the HKEx
Shares in IPS Securex closed at 5.5 cents on Nov 2.
Photo: The Edge Singapore/ Albert Chua