HONG KONG, June 18, 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
expanded its security products and solutions portfolio after
agreeing to become the exclusive distributor of MATZ-ERREKA's
premium automatic doors and gates in Hong
Kong. The Company expects this will create a new revenue
stream and growth accelerator over both the immediate and
long-term, further enrich its product offerings and improve its
competitive edge.
MATZ-ERREKA is a world-leading specialist in automatic doors and
automation systems, with a team of professionals dedicated to
designing, manufacturing and installing automated systems for
entrances and automatic access control. Headquartered in
Spain, MATZ-ERREKA has a strong
foothold in South America,
Europe, Mexico, India
and Thailand. MATZ-ERREKA provides
a full solution from design to technical assistance and routine
servicing. For more information see
https://access.erreka.com/en/
SU Group's Chairman and CEO, Dave
Chan, commented, "MATZ-ERREKA is an excellent addition to
our extensive security products and solutions portfolio and strong
roster of partners and suppliers. After consulting with our
customers and recognizing the revenue growth opportunities, we are
confident that we can rapidly expand our market reach and drive
substantial new growth. Their product range is comprehensive and of
very high quality. As the exclusive distributor, we will benefit
from first-tier pricing and direct factory support, which means
better profit margins and the potential for secondary distribution
channels."
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 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 ability to
compete effectively; the Company's dependence on a small number of
suppliers for a substantial portion of the Company's supplies; the
Company's ability to successfully manage the Company's capacity
expansion and allocation in response to changing industry and
market conditions; 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
