IPS Securex commences co-manufacturing of HS-Micro security products

Under agreement with UnderSea Sensor Systems.

IPS Securex has announced that it has commenced co-manufacturing of HS-Micro security products on 1 April 2015 under the agreement with UnderSea Sensor Systems.

According to a report by RHB Group, this marks the first time IPS Securex is involved in co-manufacturing of a product.

The commencement of the co-manufacturing is not expected to have significant impact on earnings per share or net asset value for FY15 ending 30 June 2015. However, analysts at RHB expect the impact from this agreement to be visible from FY16 onwards.

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