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IPS Securex secures maintenance contract worth $10.4 million

Michelle Zhu Published on Tue, Jun 13, 2017 / 8:09 AM GMT+8

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SINGAPORE (June 13): IPS Securex says it has won a $10.4 million contract with “a government agency in Southeast Asia” to provide maintenance support and equipment replacement services for its integrated security solutions.

IPS Securex is a wholly-owned subsidiary of IPS Securex Holdings, the provider of security products and integrated security solutions.

Of the total consideration, $6.8 million is for IPS Securex to provide maintenance support for certain integrated security solutions for a two and half year period beginning 12 June this year to 11 Dec 2019, and to provide equipment replacement services for the integrated security solutions of the government agency.