IPS commenced HS-Micro security products co-manufacturing in Singapore

To source for locally-produced encasing and/or shields, and product assembly.

IPS is expanding in the local market with new services and solutions.

According to a report by RHB Group, IPS officially commenced HS-Micro security products co-manufacturing in Singapore, with its main role to source for locally-produced encasing and/or shields, and product assembly.

As of 1 Apr, IPS Securex (IPS) officially commenced the co-manufacturing of HS-Micro security products in Singapore. Its main role is to source for locally-produced encasing and/or shields, and product assembly.

Analysts at RHB Group expect the scale for co-manufacturing should remain relatively small this year and much bigger next year. It is only expected to have a material impact on the earnings per share and net asset value per share of the group next year.

Meanwhile, the SVHSS, a joint-venture (JV) between IPS and Mr Thomas Goh Khoon Lim, recently commenced a trial run at the Kembangan-Chai Chee Seniors Activity Centre for a 6-month period beginning 26 Mar.

The SHVSS enables real-time communication via video conferencing between the centre’s volunteers and the elderly at home who require emergency assistance. In addition, the SVHSS can be equipped with optional capabilities, such as the integration of third-party devices for health monitoring, personnel tracking and many other customisable features, which are beneficial for the healthcare of senior citizens.