IPS Securex Holdings, the provider of security products and integrated security solutions, has been appointed a subcontractor for the deployment and maintenance of Bio-Nexus’ Care-Nexus software system at the Visy Group’s Chicago site as well as at 15 additional sites of the Visy Group.
The Care-Nexus software system uses voice recognition algorithms and syncronising mechanisms to manage system processes in real-time. Using the system, Visy Group will be able to enjoy time and cost savings by optimising its ongoing and periodic processes for the maintenance of its equipment.
The Visy Chicago Project comprises three modules and the project value for the first module is US$600,000 ($0.8 million). The remaining two modules of the Visy Chicago Project and the Visy Group’s plan to adopt the Care-Nexus software system for an additional 15 sites, is expected to be deployed over the next 24-36 months.
Under the deal, Bio-Nexus will pay IPS Securex 20% of the project value as its subcontractor and a yearly service level agreement fee of 12% of the project value upon the fulfilment of certain service level standards in relation to the maintenance of the Visy Project.
IPS Securex closed at 31 cents on Monday.
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The Care-Nexus software system uses voice recognition algorithms and syncronising mechanisms to manage system processes in real-time. Using the system, Visy Group will be able to enjoy time and cost savings by optimising its ongoing and periodic processes for the maintenance of its equipment.
The Visy Chicago Project comprises three modules and the project value for the first module is US$600,000 ($0.8 million). The remaining two modules of the Visy Chicago Project and the Visy Group’s plan to adopt the Care-Nexus software system for an additional 15 sites, is expected to be deployed over the next 24-36 months.
Under the deal, Bio-Nexus will pay IPS Securex 20% of the project value as its subcontractor and a yearly service level agreement fee of 12% of the project value upon the fulfilment of certain service level standards in relation to the maintenance of the Visy Project.
IPS Securex closed at 31 cents on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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