IPS Securex Holdings Limited

IPS Securex Holdings Limited has recently announced its FY2014 results with a 41% increase in its net profit EXCLUDING IPO expenses and share based payments. Other highlights include: · Revenue increased by 31.2% to S$12.4 million with more than a 25% increase in both Security Solutions and Maintenance and Leasing businesses respectively · Gross profit up 49.2% to S$6.0 million · Gross margins improved by 5.8 percentage points (FY2014: 48.2% ; FY2013: 42.4%) · The Group has recently been recognised as an authorised distributor of PepperBall Technologies Inc. brand products and services which is expected to contribute positively to the Company’s financial performance Below are some of the following information on PepperBall technologies. PepperBall Technologies: · Supplier of non-lethal PAVA (Pelargonic Acid Vanillylamide)-based launchers and projectiles for those launchers and supplies thousands of users and major agencies including the Federal Bureau of Prisons, the United States Border Patrol, thousands of police and sheriff departments in major United States cities, as well as private entities, security services and bail enforcement agencies around the world