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FINWIRES

ITMAX System Bags MYR120 Million Smart Street Lighting System Deal

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ITMAX System (KLSE:ITMAX) secured a deal worth 120 million ringgit from Dewan Bandaraya Kuala Lumpur for the supply, installation and maintenance of a smart street lighting system, according to a Thursday Malaysian bourse filing.

The deal has a term of six years, and the commencement date to be determined upon the issuance of a work order by the city council.

The company said work will begin only after it fulfills conditions under the contract, including providing a 1 million ringgit performance bond and submitting the required insurance documents, it said.

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