Core Viewpoint - SU Group Holdings Limited has entered into a joint development memorandum of understanding with UrbanChain Group to collaborate on integrated AIoT car parking, security, and access control solutions in Hong Kong, Macao, and Southeast Asia [1][2]. Group 1: Collaboration Details - The collaboration will focus on integrated AIoT solutions for car parking, security, and access control, leveraging EV charging to enhance demand for automated systems [2]. - The companies will design a trial to evaluate the capabilities of their integrated platforms and explore monetization opportunities, including parking, EV charging, and security [2][3]. Group 2: Technology and Expertise - UrbanChain Group will provide advanced software and hardware solutions, including vehicle recognition technology and app-based payment systems, while SU Group will contribute its expertise in security and traffic management [3]. - SU Group will also explore funding opportunities in UrbanChain Group's growth through equity, debt, or convertible financial instruments [3]. Group 3: Strategic Importance - The collaboration aims to enhance customer offerings and expand market reach, which are key components of SU Group's business strategy focused on revenue growth and shareholder value [4]. - The partnership is expected to leverage UrbanChain's technology and SU Group's engineering capabilities to deliver innovative solutions [4].
SU Group and UrbanChain Agree to Jointly Develop Integrated AIoT Car Parking, Security and Access Control Solutions; SU Group Further Expands its Addressable Market