HONG
KONG, Feb. 20, 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 that
one of the world's top 5 freight services company has selected SU
Group for a state-of-the-art threat detection system, with
integrated X-ray systems for air cargo inspection to balance
security needs with the efficient flow of goods through the
transportation network.
Under the agreement, SU Group will supply, install, train and
provide maintenance and support for a system threat detection
system. The state-of-the-art, integrated security system will
include 2 advanced X-ray systems for more rapid, enhanced air cargo
inspection. An X-ray system for air cargo inspection is an enhanced
security screening technology used to examine the contents of cargo
shipments at airports or other transportation hubs. The system
utilizes X-ray imaging to create detailed images of the internal
structure of the cargo, allowing security personnel to identify any
suspicious or prohibited items including weapons, explosives, or
other prohibited materials, without physically opening the
packages.
SU Group's Chairman and CEO, Dave
Chan, commented, "We are very excited to be working in
support of this prominent, global customer. They have built an
impressive world-class smart logistics platform and share in our
vision for leveraging advanced security systems to increase
operational efficiency and to ensure overall security. We expect
this system to serve as a notable solution for the broader supply
chain and services industry, as more companies seek to add both
operational efficiency and an enhanced layer of security to
differentiate and better compete. We also expect this latest
important win to add to our business , and we are optimistic about
the potential for accelerated growth as we move forward."
Key Features and Components of an X-ray System for Air Cargo
Inspection Include:
- X-ray Generator: Produces X-rays that penetrate
through the cargo. The energy level of the X-rays is carefully
controlled to provide sufficient penetration while minimizing
radiation exposure.
- Detector Array: Captures the X-rays that pass
through the cargo and converts them into electronic signals. The
signals are then used to create detailed images of the
contents.
- Computer System: Processes the electronic signals
from the detector array and generates high-resolution images of the
cargo. Advanced image processing algorithms may be employed to
enhance the visibility of objects within the cargo.
- Automated Threat Recognition (ATR): Utilizes
computer algorithms to automatically identify potential threats or
anomalies within the X-ray images. ATR helps streamline the
inspection process and assists operators in quickly identifying
items that may require further investigation.
- Operator Console: Allows security personnel to view
and analyze the X-ray images in real-time. The operator can
manipulate the images, zoom in on specific areas, and apply various
image enhancement techniques to improve detection accuracy.
- Conveyor System: Automatically moves the cargo
through the inspection process, ensuring a continuous flow of items
for screening. Systems can include dual-view capabilities, where
the cargo is scanned from two different angles for better
detection.
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 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 manage the Company's
subcontractors; the labor costs and the general condition of the
labor market; the Company's ability to effectively manage
inventories; the Company's dependence on a small number of
suppliers for a substantial portion of the Company's supplies;
implementation of the Company's expansion plans and the Company's
ability to obtain capital resources for planned growth; the
Company's ability to acquire sufficient products and obtain
equipment and services from the Company's suppliers in suitable
quantity and quality; the Company's dependence on key personnel;
the Company's ability to expand into new businesses, industries, or
internationally and to undertake mergers, acquisitions,
investments, or divestments; changes in technology and competing
products; general economic and political conditions, including
those related to the security-related engineering services
industry; possible disruptions in commercial activities caused by
events such as natural disasters, terrorist activities, political,
economic, and social instability, and fluctuations in foreign
currency exchange rates, 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