Azeus Systems Holdings announced that it has secured Standing Offer Agreements for the supply of IT professional services with the Hong Kong SAR Government worth HKD11.2 million ($2.0 million). This is in relation to Combined System Development Services for the e-Procurement Platform for the Development Bureau (Works Branch).
The contract will cover the design and development of the e-Procurement Platform, as well as the system’s maintenance and support for three years following its implementation.
The design and implementation works will commence in November, with majority of the revenue to be contributed from the second half of this financial year until FY2028. The contract would have no material impact on the results for FY2023 ending Mar 2023.
Lee Wan Lik, executive chairman and director of Aeus says: “We are pleased to be awarded the contract to provide an effective electronic platform to handle the procurement process for the Development Bureau (Works Branch). This is a further endorsement of our technical expertise and reliability in delivering high quality IT services for the public sector, which will expand our recurring income stream over the long term.”
Shares in Azeus closed at $7.15 on Nov 10.
