IPS clinches US$64.5m deal to sell acoustic hailing devices

IPS Securex Holdings has received a US$64.46 million contract to deliver Hyperspike acoustic hailing devices to a South-east Asian customer by December 2020, the security solutions company announced on Monday before the market opened.

The contract is expected to positively contribute to IPS's earnings and net asset per share for the year ending June 2016.

IPS shares last changed hands at 31.5 Singapore cents on Friday.

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