NEWS
SU Group Enters New Government Sponsored Market with Milestone Agreement
HONG KONG, Oct. 1, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering services company in Hong Kong, today announced a milestone agreement to install a Smart Site Safety System ("4S") at a major Hong Kong hospital. This represents the Company's entrance into a new emerging, high priority government mandated market that seeks to use artificial intelligence (AI) and Internet of Things (IoT) technologies to create safer and more efficient working environments. Financial terms were not disclosed but the Company noted it expects this to have a positive impact on its full year sales growth.
The Hong Kong Government is prioritizing integrating artificial intelligence (AI) and Internet of Things (IoT) technologies in Smart Site Safety Systems or 4S to enhance safety management systems and increase further excellence on the safety performance in public works contracts. To accelerate the rate of adoption, 4S became mandatory on July 1, 2024 in Hong Kong. The Hong Kong Government's Works Branch Development Bureau previously noted that in reviewing construction accidents that occurred in public works contracts in recent years, quite a number of them, especially the serious ones, could have been possibly avoided if prior alerts could be timely issued to the site personnel concerned.
The Hong Kong Government is prioritizing integrating artificial intelligence (AI) and Internet of Things (IoT) technologies in Smart Site Safety Systems or 4S to enhance safety management systems and increase further excellence on the safety performance in public works contracts. To accelerate the rate of adoption, 4S became mandatory on July 1, 2024 in Hong Kong. The Hong Kong Government's Works Branch Development Bureau previously noted that in reviewing construction accidents that occurred in public works contracts in recent years, quite a number of them, especially the serious ones, could have been possibly avoided if prior alerts could be timely issued to the site personnel concerned.
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Daight : I don't know why in my mind you have a 'format' where you copy everything even the 'NEWS'. I find it amusing you actually made a typo.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
good work continuing to spread news out, love you.
Jaguar8 OP Daight : I type the NEWS not copy.