UrbanChain Group, a pioneer in innovative AIoT mobility solutions, has entered into a joint development memorandum of understanding (MOU) with SU Group Holdings Limited (Nasdaq: SUGP), an integrated security-related engineering services company based in Hong Kong. This collaboration aims to jointly develop integrated AIoT solutions for car parking, security, and access control in Hong Kong, Macao, and other Southeast Asian markets, with a focus on using EV charging to drive demand for automated car park and fee collection systems.
As part of the agreement, UrbanChain Group will deliver its cutting-edge software and hardware solutions to SU Group, including vehicle recognition technology, reservation systems, app-based payments, real-time data dashboards, dynamic pricing, promotions, and receipt recognition technology. SU Group will provide expertise in security, access control, and traffic management, leveraging its engineering support and business connections. The companies will also explore various monetization opportunities, including parking, EV charging, access control, security, and mobility, on a project or profit-sharing basis.
UrbanChain Group continues to advance its mission of connecting properties with mobility and transforming cars into payment solutions, enhancing space utilization and profitability for property owners and cities.
About SU Group Holdings Limited
SU Group Holdings Limited is a leading provider of security-related engineering services in Hong Kong. With over two decades of experience, the company offers turnkey solutions, including design, supply, installation, and maintenance of security systems across various sectors. For more information, visit www.sugroup.com.hk.
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