SU Group Holdings Restricted has introduced it has entered right into a joint growth memorandum of understanding (MOU) with UrbanChain Group.
Below the MOU, the 2 firms will collectively collaborate on built-in AIoT automobile parking, safety and entry management options in Hong Kong, Macao and different South East Asian markets, with EV charging used to set off the demand for extra automated automobile park and payment assortment programs. The 2 firms will collaboratively design a complete trial to guage the useful capabilities of the built-in platforms, in addition to varied monetisation alternatives, together with however not restricted to parking, EV charging, entry management, safety and mobility on a challenge and/or revenue sharing foundation.
UrbanChain Group will present SU Group with cutting-edge software program and {hardware} options, together with however not restricted to B2B2C platforms, resembling automobile recognition expertise, reservation programs, app-based funds, real-time information dashboards, dynamic pricing and promotions, and receipt recognition expertise. SU Group will present UrbanChain Group with the most recent applied sciences in safety, entry management, and visitors administration, whereas making use of its experience to help with engineering assist and enterprise connections. SU Group will moreover discover the chance to take part straight in UrbanChain Group’s development by offering funding by means of fairness, debt or convertible monetary devices.
Dave Chan, the chairman and CEO at SU Group, mentioned, “We’re excited to be collaborating with UrbanChain Group on the subsequent technology of Synthetic Intelligence of Issues powered safety, entry management and built-in automobile parking options. We have been impressed with our new associate’s excellent workforce of engineers and IT professionals, that are identified for delivering inexpensive, dependable, sustainable profit-making options that allow cities to be linked utilizing next-generation Synthetic Intelligence of Issues programs. By utilizing UrbanChain’s experience, with SU Group’s engineering experience and huge expertise in designing, putting in and sustaining complete safety and monitoring options, we will carry clients the most recent in enhanced options, whereas increasing the addressable market we’re servicing. Opening new markets and increasing addressable alternatives inside current markets are essential components of our enterprise technique, as we stay centered on driving income development, revenue enlargement and unlocking shareholder worth.”
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