IPS Securex

IPS Securex: IPS Securex has signed a MOU with United Tactical Systems and Wattre Corporation to jointly collaborate on the development, manufacturing, marketing and sales of HyperWhistle. HyperWhistle is a high decibel traditional form whistle, and the intention of both parties is to develop the world's smallest and loudest whistle. IPS believes its knowledge of the Asia-Pacific markets will help in the development of the next generation of products that are relevant to the specific requirements and environments of the region. Separately, the group is proposing a 1-into-2 share split into a post split share base of 162m shares. IPS also received its maiden initiation by a local broker this month, with a Buy call and TP of $1.26, which cited its “PepperBall” as a game changer for the security group. The stock currently trades at 6.1x forward P/E, backed by an order book of $24.5m which stretches revenue visibility over the next year.