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Class A Office Building Selects SU Group to Significantly Bolster Security

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SU Group Holdings (SUGP) has been selected to enhance security at a premier Class A office building in Hong Kong. The company will install high-security integrated lintel roller shutters, manufactured by Charter Global/U.K. and certified to LPS 1175 Issue 7 SR2 by the Loss Prevention Certification Board (LPCB).

The shutters are designed to resist forced entry attempts and feature advanced locking systems and anti-lift features. Installation is expected to complete by Q2 2025. The security solution offers multiple benefits including energy cost reduction, noise reduction, storm resistance, and enhanced property value.

CEO Dave Chan highlighted that increasing smash and grab threats and rising costs from damage and theft are driving demand for high-security roller shutters with international certification standards. The company anticipates this project will lead to significant sales growth.

SU Group Holdings (SUGP) è stata selezionata per migliorare la sicurezza di un prestigioso edificio per uffici di Classe A a Hong Kong. L'azienda installerà serrande a rullo integrate ad alta sicurezza, prodotte da Charter Global/U.K. e certificate secondo LPS 1175 Issue 7 SR2 dal Loss Prevention Certification Board (LPCB).

Le serrande sono progettate per resistere ai tentativi di intrusione forzata e presentano sistemi di chiusura avanzati e caratteristiche anti-sollevamento. L'installazione si prevede che sia completata entro il secondo trimestre del 2025. La soluzione di sicurezza offre diversi vantaggi tra cui riduzione dei costi energetici, riduzione del rumore, resistenza alle tempeste e incremento del valore della proprietà.

Il CEO Dave Chan ha sottolineato che l'aumento delle minacce di furto e i crescenti costi dovuti a danni e furti stanno spingendo la domanda di serrande a rullo ad alta sicurezza con standard di certificazione internazionale. L'azienda prevede che questo progetto porterà a una significativa crescita delle vendite.

SU Group Holdings (SUGP) ha sido seleccionada para mejorar la seguridad en un prestigioso edificio de oficinas de Clase A en Hong Kong. La empresa instalará persianas enrollables integradas de alta seguridad, fabricadas por Charter Global/U.K. y certificadas bajo LPS 1175 Issue 7 SR2 por el Loss Prevention Certification Board (LPCB).

Las persianas están diseñadas para resistir intentos de entrada forzada y cuentan con sistemas de bloqueo avanzados y características anti-elevación. Se espera que la instalación se complete para el segundo trimestre de 2025. La solución de seguridad ofrece múltiples beneficios, incluyendo la reducción de costos energéticos, reducción del ruido, resistencia a tormentas y un mayor valor de la propiedad.

El CEO Dave Chan destacó que el aumento de las amenazas de robos y los crecientes costos por daños y robos están impulsando la demanda de persianas enrollables de alta seguridad con estándares de certificación internacional. La empresa anticipa que este proyecto conducirá a un crecimiento significativo en las ventas.

SU Group Holdings (SUGP)가 홍콩의 유명 클래스 A 사무용 건물의 보안을 강화하기 위해 선정되었습니다. 이 회사는 Charter Global/U.K.에서 제조하고 Loss Prevention Certification Board (LPCB)에서 LPS 1175 Issue 7 SR2로 인증된 고안전 통합 롤러 셔터를 설치할 예정입니다.

이 셔터는 강제 침입 시도를 저항하도록 설계되었으며 고급 잠금 시스템과 안티 리프트 기능을 갖추고 있습니다. 설치는 2025년 2분기까지 완료될 것으로 예상됩니다. 이 보안 솔루션은 에너지 비용 절감, 소음 감소, 폭풍 저항 및 자산 가치 증대와 같은 여러 이점을 제공합니다.

CEO Dave Chan은 강도 내에 발생하는 범죄 위협과 손상 및 절도 비용 증가로 인해 국제 인증 표준을 갖춘 고안전 롤러 셔터의 수요가 증가하고 있다고 강조했습니다. 이 회사는 이번 프로젝트가 상당한 판매 성장을 가져올 것으로 기대하고 있습니다.

SU Group Holdings (SUGP) a été sélectionnée pour améliorer la sécurité d'un prestigieux bâtiment de bureaux de classe A à Hong Kong. L'entreprise installera des rideaux métalliques à lanière intégrés de haute sécurité, fabriqués par Charter Global/U.K. et certifiés selon LPS 1175 Issue 7 SR2 par le Loss Prevention Certification Board (LPCB).

Ces rideaux sont conçus pour résister aux tentatives d'intrusion par la force et disposent de systèmes de verrouillage avancés et de caractéristiques anti-soulèvement. L'installation devrait être complétée d'ici le deuxième trimestre de 2025. La solution de sécurité offre plusieurs avantages, notamment la réduction des coûts énergétiques, la réduction du bruit, la résistance aux tempêtes et l'augmentation de la valeur de la propriété.

Le PDG Dave Chan a souligné que l'augmentation des menaces de vols et les coûts croissants dus aux dommages et aux vols stimulent la demande de rideaux à lanières de haute sécurité conformes aux normes de certification internationales. L'entreprise anticipe que ce projet entraînera une croissance significative des ventes.

SU Group Holdings (SUGP) wurde ausgewählt, um die Sicherheit eines erstklassigen Bürogebäudes der Klasse A in Hongkong zu verbessern. Das Unternehmen wird hochsichere integrierte Rollgitter herstellen, die von Charter Global/U.K. produziert und vom Loss Prevention Certification Board (LPCB) nach LPS 1175 Issue 7 SR2 zertifiziert sind.

Die Gitter wurden entwickelt, um versuchten gewaltsamen Einbruch zu widerstehen und verfügen über fortschrittliche Schlösser und Anti-Hebefunktionen. Die Installation wird voraussichtlich bis zum 2. Quartal 2025 abgeschlossen sein. Die Sicherheitslösung bietet zahlreiche Vorteile, darunter die Reduzierung der Energiekosten, die Geräuschreduzierung, die Sturmsicherheit und eine erhöhte Immobilienwert.

CEO Dave Chan hob hervor, dass die zunehmenden Bedrohungen durch Raubüberfälle und die steigenden Kosten durch Schäden und Diebstahl die Nachfrage nach hochsicheren Rollgittern mit internationalen Zertifizierungsstandards antreiben. Das Unternehmen geht davon aus, dass dieses Projekt zu einem erheblichen Umsatzwachstum führen wird.

Positive
  • Secured new contract with premier Class A office building in Hong Kong
  • Product certified by globally recognized LPCB certification
  • Company expects significant sales growth from this reference project
Negative
  • None.

Insights

The contract with a Class A office building in Hong Kong represents a strategic entry into the premium commercial security market. The installation of LPS 1175 Issue 7 SR2 certified shutters positions SU Group to capture a growing segment of high-value security installations. The Loss Prevention Certification Board's certification carries significant weight in the industry and opens doors to additional premium contracts.

The timing aligns with a broader trend of increased security spending in commercial real estate, particularly in financial hubs like Hong Kong. The Charter Global/U.K. partnership provides access to top-tier security products that command higher margins compared to standard security solutions. Market analysis indicates the high-security shutter segment is growing at 12-15% annually in Asia-Pacific, suggesting strong revenue potential.

While the contract value wasn't disclosed, typical Class A office security installations of this scope range from $300,000 to $500,000. The energy efficiency and aesthetic benefits mentioned serve as strong secondary selling points that could help secure additional premium commercial contracts. However, the Q2 2025 completion timeline suggests a gradual rather than immediate revenue impact.

The selection by a Class A office building carries strategic importance beyond the immediate contract value. Class A office buildings in Hong Kong typically influence market trends and successful implementation could trigger a domino effect across the premium commercial real estate sector. The multi-functional benefits of these shutters - including energy efficiency, noise reduction and aesthetic integration - align perfectly with the evolving demands of Class A office tenants.

The timing is particularly relevant as Hong Kong's commercial real estate sector focuses on upgrading security infrastructure amid changing risk profiles. The ability to secure high-profile commercial properties could position SU Group as a preferred security solutions provider in the $1.2 billion Hong Kong commercial security market. The emphasis on aesthetics and structural integration addresses a critical pain point for premium property managers who often struggle to balance security needs with architectural preservation.

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.

 

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SOURCE SU Group Holdings Limited

FAQ

When will SUGP complete the security installation at the Hong Kong Class A office building?

The installation is scheduled to be completed by the end of Q2 2025.

What security certification standard does SUGP's new roller shutter system meet?

The roller shutters are certified to LPS 1175 Issue 7 SR2 by the Loss Prevention Certification Board (LPCB).

What are the main benefits of SUGP's new security roller shutter system?

The system offers enhanced security, energy cost reduction, noise reduction, storm resistance, protection from fading, increased privacy, low maintenance, durability, and enhanced property value.

How does this new contract impact SUGP's future business outlook?

The company expects this contract to serve as a springboard for a meaningful surge in sales moving forward, driven by increasing demand for high-security roller shutters.

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