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Investing.com -- SU Group Holdings Limited (NASDAQ:SUGP) shares skyrocketed 125% in pre-market trading after the Hong Kong-based security engineering company announced it has secured the largest contract in its history.
The $11.3 million (HK$88.5 million) deal involves designing and implementing comprehensive security and monitoring systems for a major hospital expansion project in Hong Kong. Under the agreement, SU Group will deliver various integrated technologies including IP-based public address systems, CCTV, access control systems, and other smart hospital infrastructure components.
The company expects to begin recognizing revenue from the project in the fourth quarter of 2025. This significant contract aligns with SU Group’s strategic focus on healthcare infrastructure and smart security solutions in urban environments.
"We are proud to be part of the team supporting this major hospital expansion and upgrade, focused on improving several strategic, operational, safety, and regulatory areas," said Dave Chan, Chairman and CEO of SU Group. "This contract marks a significant milestone for SU Group, showcasing our growing reputation and capabilities in delivering high-value, mission-critical security engineering projects."
The record contract win demonstrates the company’s expertise in the growing market for integrated security systems across institutional and government sectors, particularly as healthcare facilities increasingly modernize their infrastructure with smart technology solutions.
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