HONG
KONG, March 7, 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 it
provided critical access control gates that provide control access
security for one of Asia's largest
multi-purpose sports, entertainment and leisure parks. SU Group's
access control gates play a crucial role in ensuring that
large-scale events and operations at premiere venues run smoothly,
securely, and efficiently. The Company's access control gates offer
several benefits ranging from improving security to increasing
efficiency.
SU Group's Chairman and CEO, Dave
Chan, commented, "We are thrilled to announce another major
win and are truly grateful for the opportunity to support this
premier entertainment, sports, and leisure destination. This
achievement underscores the continued strength of our operating
model, particularly as we manage large-scale security, control, and
access security programs."
"These high-profile wins not only enhance our visibility and
reinforce our long-term growth trajectory but also serve as a
powerful catalyst for further business expansion. This represents a
significant revenue opportunity that strengthens our confident
outlook for 2025, as we remain focused on driving accelerated
growth and delivering exceptional value to our shareholders."
Advantages of using SU Group's access control gates
include:
- Enhanced Security: SU Group's access control gates
help manage the flow of people entering large scale events,
including stadiums, reducing the risk of unauthorized access or
security breaches. They can be integrated with security systems
like metal detectors, bag checks, and surveillance cameras to
ensure a safe environment for spectators and staff.
- Crowd Management: SU Group's access control gates
allow for better crowd control by ensuring that only ticketed
individuals can enter specific areas, thus preventing overcrowding
and ensuring a smoother flow of people before, during, and after
events.
- Faster Entry: By automating the entry process, SU
Group's access control gates significantly reduce wait times and
help avoid congestion at stadium entrances, making the experience
more convenient for fans.
- Revenue Protection: SU Group's access control gates
ensure that only those who have purchased tickets can enter the
stadium, thus protecting against unauthorized entry and potential
revenue loss from illegal access.
- Health and Safety Compliance: SU Group's access
control gates can be used to monitor capacity limits, ensuring a
venue or event does not exceed safety regulations. In situations
like health crises, including a pandemic, they can help with social
distancing by regulating entry times and numbers.
- Tracking and Analytics: Data collected from SU Group's
access control gates, including entry times, number of visitors,
and peak times, can be used for better planning and decision-making
for future events, including staff allocation, crowd control
strategies, and operational improvements.
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
