HONG
KONG, May 7, 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
entered a partnership with SquareDog Robotics, Ltd. ("SquareDog
Robotics"), a Hong Kong-based
technology company specialized in robotic automation. SU Group and
SquareDog Robotics plan to mutually develop a fully AI-enabled
robotic security patrolling solution and is able to fully or partly
replace manual patrolling at offices, buildings, construction sites
and other places.
SU Group's Chairman and CEO, Dave
Chan, commented, "Robotics and AI are starting to play a
significant role in enhancing security patrolling by providing
efficient, reliable, and technologically advanced solutions for
monitoring and protecting various environments. We believe we have
the opportunity to develop a truly breakthrough industry solution.
We plan to architect a combined robotic and AI solution that can
optimize patrol efficiency, enhance safety, improve cost efficiency
and solve the labor shortage problem, all while providing superior
security to our customers and the people they serve. That peace of
mind is priceless, with secure buildings being more sought after to
work in, live in and to patronize."
SU Group believes robotics and AI will be increasingly
utilized in security patrolling primarily due to added efficiency,
reliability, and versatility in the following areas:
- Surveillance: Security robots are equipped with cameras,
sensors, and sometimes even drones, allowing them to conduct
thorough surveillance of a specific area. They can capture and
analyze footage in real time, detecting suspicious activity or
unauthorized individuals.
- Patrolling: Robots can autonomously patrol predefined
routes or areas, continuously monitoring for any signs of intrusion
or anomalies. They can cover large areas efficiently and
consistently, reducing the need for human patrols in certain
areas.
- Detection of Threats: Security robots can be equipped
with various sensors such as motion detectors, heat sensors, and
even chemical sensors to detect potential threats like intruders,
fires, or hazardous materials. They can alert security personnel
immediately upon the detection of such threats.
- Communication: Some security robots are equipped with
two-way communication systems, allowing security personnel to
remotely communicate with individuals in the patrolled area. This
can be useful for issuing warnings or instructions to trespassers
or assisting individuals in need.
- Deterrence: The presence of a security robot can act as
a deterrent to potential intruders or vandals. Knowing that an area
is under surveillance by a robot may discourage potential criminals
to conduct criminal activities.
- Data Collection and Analysis: Security robots can
collect vast amounts of data about their surroundings, including
environmental conditions, pedestrian traffic, and more. This data
can be analyzed to identify patterns, trends, and potential
security risks.
- Integration with Security Systems: Robots can be
integrated with existing security systems, such as access control
and alarm systems, providing a comprehensive security solution.
They can respond automatically to alarms or breaches by
investigating the area and alerting human operators to the extent
necessary.
About SquareDog Robotics
SquareDog Robotics envisions a world where industry-leading
robotic solutions, providing human perform enhanced work with
greater precision and safety. With global shortages of skilled
workers, high labor costs and high demand for intelligent and
intuitive innovations, SquareDog Robotics' world-first patented
technologies and industry standard-setting expertise pave the way
for like-minded companies across all sectors passionate about
inventing tomorrow and bettering today. For more information,
please visit www.squaredogrobotics.com.
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; 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 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