PETALING JAYA: ITMax System Bhd
has accepted a job from the Penang city council for the upgrading and maintenance of a selection of close circuit camera (CCTV) systems for RM11.84mil.
In a filing with Bursa Malaysia, the group said the contract will run for 60 months from Jan 13, 2025 to Sept 12, 2030.
The effective date for site possession by ITMAX is Jan 13, 2025, and all upgrading works for the CCTV system are to be completed within nine months from the site possession date.
“The letter of award is expected to contribute positively towards the earnings and net assets per share of the company over the period until the expiry of the contract period.”
ITMAX said the risks associated with the letter of award are normal operational risks.
“Save for the aforesaid, the board is unaware of any significant risks arising from the letter of award which could materially or adversely affect the financial status of ITMAX.”
