KUALA LUMPUR: Itmax Bhd’s 65%-owned subsidiary Southmax Sdn Bhd has secured an award from the Johor Bahru City Council to provide video surveillance services for a sum of RM105.32mil.

In a filing with Bursa Malaysia, the group said the sevices will include a smart commond centre and a closed circuit camera system with artificial intelligence features on a service subscription basis at City Council for a period of 180 months commencing on Sept 20, 2023 to Sept 19, 2038.

“The LOA is expected to contribute positively towards the earnings and net assets per share of the Company until the expiry of the LOA,” said Itmax.