SU Group Holdings Limited has recently made an exciting announcement – a joint development memorandum of understanding (MOU) with UrbanChain Group.
This collaboration will focus on cutting-edge AIoT car parking, security, and access control solutions in vibrant markets such as Hong Kong, Macao, and other South East Asian regions. Particularly, the integration of EV charging will drive the demand for more advanced automatic car park and fee collection systems.
UrbanChain Group brings to the table innovative software and hardware solutions, including advanced B2B2C platforms such as vehicle recognition technology, reservation systems, app-based payments, and real-time data dashboards. On the other hand, SU Group will leverage its expertise in security, access control, and traffic management to complement UrbanChain Group’s offerings. Additionally, SU Group is exploring potential funding opportunities to support UrbanChain Group’s growth.
Highlighting the partnership, Dave Chan, chairman and CEO at SU Group, expressed his enthusiasm for the collaboration. He praised UrbanChain Group’s team of engineers and IT professionals for delivering sustainable and profitable solutions that connect cities through AIoT systems. By combining forces, both companies aim to bring customers the latest advancements in security and monitoring, further expanding their market reach.
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