ITMAX

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OTHERS LETTER OF AWARD FOR PROVISION OF VIDEO SURVEILLANCE AND TRAFFIC LIGHT SYSTEM SERVICES AWARDED BY MAJLIS PERBANDARAN KULAI TO SOUTHMAX SDN BHD, A 65% OWNED SUBSIDIARY OF ITMAX SYSTEM BERHAD ("ITMAX" OR "THE COMPANY")

ITMAX SYSTEM BERHAD

Type Announcement
Subject OTHERS
Description
LETTER OF AWARD FOR PROVISION OF VIDEO SURVEILLANCE AND TRAFFIC LIGHT SYSTEM SERVICES AWARDED BY MAJLIS PERBANDARAN KULAI TO SOUTHMAX SDN BHD, A 65% OWNED SUBSIDIARY OF ITMAX SYSTEM BERHAD ("ITMAX" OR "THE COMPANY")

Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITMAX ("Board") is pleased to announce that Southmax Sdn Bhd (“SSB”), a 65% owned subsidiary of ITMAX had on 18 March 2024 accepted the letter of award ("LOA") dated 17 March 2024 awarded by Majlis Perbandaran Kulai (hereinafter referred to as “MPKu”) in relation to the provision of video surveillance and traffic light system services which includes a smart command centre, a closed circuit camera system with artificial intelligence features and traffic light system on a monthly subscription (“Services”) in MPKu area for a period of 15 years commencing from 26 March 2024 to 25 March 2039 (“Contract Period”), for a contract sum of Ringgit Malaysia Seventy Seven Million and Eighty Five Thousand only (RM77,085,000.00).   

 

Please refer to the attachment for full details of the above announcement.

 

This announcement is dated 18 March 2024.




Please refer attachment below.



Announcement Info

Company Name ITMAX SYSTEM BERHAD
Stock Name ITMAX
Date Announced 18 Mar 2024
Category General Announcement for PLC
Reference Number GA1-18032024-00010