IPS Securex clinches $64.46m deal for sale of of flagship Hyperspike product

For an undisclosed client in Southeast Asia.

A subsidiary of Catalist-listed IPS Securex Holdings has received a US$64.46 million Letter of Award (LOA) for the sale of Hyperspike acoustic hailing devices and their supporting accessories for delivery to a certain customer in Southeast Asia.

Delivery is envisaged over a period of five years by December 2020, subject to the issue of the relevant purchase orders.

“The Hyperspike products are one of our best-selling products in the region and this LOA is a testament of its quality and market acceptance. We believe in representing top-end products that are leaders in their respective niches. This US$64.46 million LOA is the largest deal that we have received to date, which serves as a huge encouragement to us,” said Kelvin Lim, Executive Director and Chief Executive Officer of IPS Securex