Business
SU Group Set to Expands Market Reach and Profit Margins with Exclusive Distribution Agreement
HONG KONG, June 18, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering
About this update from Su Group Holdings Limited
[{"type":"text","content":"HONG KONG, June 18, 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 it has expanded its security products and solutions portfolio after agreeing to become the exclusive distributor of MATZ-ERREKA's premium automatic doors and gates in Hong Kong. The Company expects this will create a new revenue stream and growth accelerator over both the immediate and long-term, further enrich its product offerings and improve its competitive edge.\n\n \n \n \n \n \n \n\n \nMATZ-ERREKA is a world-leading specialist in automatic doors and automation systems, with a team of professionals dedicated to designing, manufacturing and installing automated systems for entrances and automatic access control. Headquartered in Spain, MATZ-ERREKA has a strong foothold in South America, Europe, Mexico, India and Thailand. MATZ-ERREKA provides a full solution from design to technical assistance and routine servicing. For more information see https://access.erreka.com/en/\nSU Group's Chairman and CEO, Dave Chan, commented, \"MATZ-ERREKA is an excellent addition to our extensive security products and solutions portfolio and strong roster of partners and suppliers. After consulting with our customers and recognizing the revenue growth opportunities, we are confident that we can rapidly expand our market reach and drive substantial new growth. Their product range is comprehensive and of very high quality. As the exclusive distributor, we will benefit from first-tier pricing and direct factory support, which means better profit margins and the potential for secondary distribution channels.\"\nAbout SU Group Holdings Limited\nSU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-related engineering services, security guarding and screening services, and related vocational training services in Hong Kong. Through its subsidiaries, SU Group has been providing turnkey services to the existing infrastructure or planned development of its customers through the design, supply, installation, and maintenance of security systems for over two decades. The security systems that SU Group provides services include threat detection systems, traffic and pedestrian control systems, and extra-...