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New Business Developments, Mergers & Acquisitions

2011

IPS-Lintec signed a Joint Venture with our local distributor, STG Infrastructure Pvt Ltd in India to manufacture asphalt & concrete batching plants to market in India (S$10 million investment)

Eco-Wiz (Thailand) Pte Ltd signed the Science and Technology Cooperation Agreement between Thailand Institute of Scientific  and Technological Research  (TISTR) for the research & development of Eco-Wiz products

2010

Perfex Heat Transfer Sdn Bhd, was incorporated in Malaysia in 2010 to fulfill customer’s order in present & future

Singapore Radiation Centre Pte Ltd, was incorporated in Singapore to handle radiation business activities, CBRNE detection, protection solutions and after sales support services.

2009

IPS Leasing Pte Ltd, was incorporated in Singapore to conduct leasing of Industrial and Infrastructure Equipment and provision of services

IPS Technologies formed a new Joint Venture, IPS Securex Pty Ltd with two Australian partners in Brisbane, Australia to distribute Hi-Tech Security products. Initially the company will focus on distribution of Anti Graffiti Detectors, Video Torchlight and Intruder Detectors in Australia and New Zealand

Perfex International leased additional factory space of 6,000sq ft to ease the production capacity at its main production premises at 82 Tuas Avenue 11

 

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2011 Eco-Wiz (Thailand) Ltd (EWT), has signed an agreement with Thailand Institute of Science and Technological Research (TISTR) to jointly develop the research and development projects
2011 IPS Securex, one of the South East Asia's leading security systems integrators, has recently received recognition as being one of Singapore's most resilient organizations. IPS Securex remains the only security systems integrator in the world to have obtained dual Business Continuity Management Certification in British Standard BS25999 and Singapore BCM Standard SS540:2008
2011 IPS Securex, one of the South East Asia's leading security systems integrators, has been awarded further contracts for the innovative HyperSpike@ product line of acoustic devices. The most recent project is for the supply of 30 HyperShields as part of a package of law enforcement equipment for a National Police Force in South East Asia