IPS Securex wins security maintenance contract worth S$10.4 million

SINGAPORE - Security firm IPS Securex Holdings said on Tuesday (June 13) that its unit IPS Securex (IPS) has won a S$10.4 million maintenance contract with a government agency in South-east Asia.

IPS has received a variation agreement, valued at approximately S$10.4 million, to a principal contract dated June 12, 2013 - entered into between IPS and the government agency in South-east Asia - to provide maintenance support and equipment replacement services for the agency's integrated security solutions.

IPS will provide maintenance support for certain integrated security solutions for a two-and-half-year period from June 12, 2017, to Dec 11, 2019, as part of the agreement.

It will also provide equipment replacement services for these integrated security solutions.