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Concorde International Group Secures SG$11.6 Million (Approx. US$9.0 Million) in New Multi-Year Recurring Revenue Contracts
Singapore, June 17, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services
About this update from Concorde International Group Ltd
[{"type":"text","content":"Singapore, June 17, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced that it has secured a total of SG$11,621,370 (approximately US$9,040,472) in new contracts from January through May 2025. The contracts include engagements with new clients as well as expanded agreements with existing customers across newly secured sites. Majority of the contracts represent multi-year recurring revenue, to be recognized over the 2025–2029 period. The wins include four contracts awarded via public tenders, with two coming from Singapore government-related organizations. These contracts span a variety of sites, including schools, factories, and banks, reflecting Concorde’s robust capability in delivering tailored security solutions to critical infrastructure. By comparison, Concorde signed SG$10,915,868 (approximately US$8,492,916) in similar recurring contracts for the fiscal year ended December 31, 2024. The Company’s continued growth reinforces its position as a leading provider of integrated security services in Singapore—one of Asia’s most advanced and competitive security markets. Concorde has gained significant recognition for its disruptive innovation in the integrated monitoring of properties, assets, and building systems, ensuring round-the-clock surveillance and operational efficiency. This is made possible through its proprietary suite of intelligent security solutions known as “I-Guarding Services.” Swee (Alan) Kheng Chua, Chairman and Chief Executive Officer of Concorde, commented, “We’re only halfway through the year, and we’ve already surpassed the total value of new contracts signed in all of 2024. These new contracts validate the market’s confidence in our solutions and position us for continued growth as we expand our footprint in both the public and private sectors. Singapore remains one of the most sophisticated and competitive security markets in Asia, and our continued momentum reinforces Concorde’s leadership in delivering reliable, technology-driven security and facilities management solutions to a diverse client base.” About Concorde International Group Ltd Concorde International Group Limited (Nasdaq: CIGL) is a...