HONG
KONG, Jan. 10, 2025 /PRNewswire/ -- SU
Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the
"Company"), an integrated security-related engineering services
company in Hong Kong, today
announced one of Hong Kong's
premier Class A office buildings has selected SU Group to
significantly bolster security at the prime location.
Under the agreement, SU Group will install high security
integrated lintel roller shutters designed to withstand attack by a
determined opportunist using bodily force and mechanically advanced
tools. Advanced locking systems and anti-lift features increase
resistance to forced entry, while the visible presence of a secure
shutter acts as a deterrent to potential burglars. The installation
is scheduled to be complete by the end of Q2 2025.
The high security integrated lintel roller shutters being
installed are meticulously manufactured by Charter Global/U.K., and
certified to LPS 1175 Issue 7 SR2. They are independently tested by
the Loss Prevention Certification Board (LPCB), a globally
recognized third-party certification body delivering certainty for
over 150 years. Engineered to integrate within a building's
structure, the aesthetically pleasing and functionally efficient
shutters remove the need for an unsightly standard head-box, while
providing enhanced security. Other benefits include lowering energy
costs by helping to regulate heat loss in winter and heat gain in
summer; reduction of noise; storm and debris resistance; protection
of interior furnishings from fading; increased privacy; low
maintenance; longevity and durability; customizable design; and
enhanced property value and appeal.
SU Group's Chairman and CEO, Dave
Chan, commented, "With the advent of new materials and
technologies, high-security roller shutters have become the first
line of defense for many property owners, ranging all the way from
prime location Class A commercial buildings to residential and
industrial facilities. Increased smash and grab threats combined
with escalating costs from damage and theft are serving as
catalysts for growing demand for high-security roller shutters
backed by an internationally recognized standard. As a result, we
expect news of our latest win to serve as a springboard for a very
meaningful surge in sales 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 manage the Company's subcontractors; the labor
costs and the general condition of the labor market; the Company's
ability to compete effectively; 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/class-a-office-building-selects-su-group-to-significantly-bolster-security-302347899.html
SOURCE SU Group Holdings Limited
