IPS Securex to embark on a product-launching spree

The outlook looks rosy for this security firm.

Catalist-listed IPS Securex is expected to embark on a spree for more partnerships and broader range of products, as it seeks to clinch more clients in security-hungry ASEAN.

According to CIMB, IPS Securex has a first-mover advantage and healthy cash position, along with two game-changing products which are expected to book sales of around $35m.

“The recent string of unfortunate events and terrorist attacks are signals to government bodies to take security threats seriously. Many nations in the Asia-Pacific region have taken steps to boost their defence budgets (despite the uncertain economic outlook) and invest in security infrastructure. SIPRI projects that ASEAN military expenditure will exceed US$40bn in 2016,” stated CIMB.