SU Group Holdings Restricted has introduced it has entered right into a joint growth memorandum of understanding (MOU) with UrbanChain Group.
Beneath the MOU, the 2 corporations will collectively collaborate on built-in AIoT automotive 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 automotive park and charge assortment techniques. The 2 corporations will collaboratively design a complete trial to judge the purposeful capabilities of the built-in platforms, in addition to numerous monetisation alternatives, together with however not restricted to parking, EV charging, entry management, safety and mobility on a mission 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, corresponding to car recognition expertise, reservation techniques, app-based funds, real-time knowledge 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 help and enterprise connections. SU Group will moreover discover the chance to take part straight in UrbanChain Group’s development by offering funding via fairness, debt or convertible monetary devices.
Dave Chan, the chairman and CEO at SU Group, stated, “We’re excited to be collaborating with UrbanChain Group on the subsequent era of Synthetic Intelligence of Issues powered safety, entry management and built-in automotive parking options. We have been impressed with our new associate’s excellent crew of engineers and IT professionals, that are recognized for delivering inexpensive, dependable, sustainable profit-making options that allow cities to be related utilizing next-generation Synthetic Intelligence of Issues techniques. Through the use of 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 present markets are vital parts of our enterprise technique, as we stay centered on driving income development, revenue enlargement and unlocking shareholder worth.”
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