HONG
KONG, Feb. 12, 2024 /PRNewswire/ -- SU Group
Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an
integrated security-related engineering services company in
Hong Kong, today announced it has
won a major customer security project to provide security
engineering services for a property complex in Hong Kong.
Under the agreement, SU Group will design, supply and implement
a comprehensive, integrated Extra Low Voltage ("ELV") security
solution. The tailored solution will include integration of a
high-definition CCTV system, with both state-of-the-art detection
and image processing, a communications system, high-speed WiFi,
secure mailbox access, and a video-enabled door security system. SU
Group will also provision a CABD system (Communal Aerial Broadcast
Distribution), which will serve as an amplifier to prevent weak
signals at the property.
SU Group's Chairman and CEO, Dave
Chan, commented, "This is another great win for us, which we
expect will serve as our latest showcase project given the
complexities of the security system this customer contracted us for
and the high profile nature of the prestigious property. From a
strategic standpoint, this is also an example of the higher value,
higher margin integrated security-related engineering services
projects we are targeting. We are very well positioned for growth
given the scale of our company, size of our security solutions
products and services portfolio, and the strong customer demand due
to persistent security threats. We believe our customer opportunity
pipeline is the largest it has been in the Company's history, and
we are optimistic about the potential for accelerated revenue and
profit growth as we move forward."
About SU Group Holdings Limited
SU Group (Nasdaq: SUGP) is an integrated security-related
services company that primarily provides security-related
engineering services, security guarding and screening services, and
related vocational training services in Hong Kong. Through its
subsidiaries, SU Group has been providing turnkey services to the
existing infrastructure or planned development of its customers
through the design, supply, installation, and maintenance of
security systems for over two decades. The security systems that SU
Group provides services include threat detection systems, traffic
and pedestrian control systems, and extra-low voltage systems in
private and public sectors, including commercial properties, public
facilities, and residential properties in Hong Kong. For more information visit
www.sugroup.com.hk.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "we believe," "we intend," "may," "should,"
"will," "could" and similar expressions. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's ability to renew contracts with
recurring customers; the Company's ability to secure new contracts;
the Company's ability to accurately estimate risks and costs and
perform contracts based on the Company's estimates; the Company's
relationship with the Company's suppliers and ability to manage
quality issues of the systems; the Company's ability to obtain or
renew the Company's registrations, licenses, and certificates; the
Company's ability to acquire sufficient products and obtain
equipment and services from the Company's suppliers in suitable
quantity and quality, and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the Securities and Exchange Commission (the "SEC"),
including the Company's most recently filed Annual Report on Form
20-F and its subsequent filings. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the
SEC.
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SOURCE SU Group Holdings Limited