iNix produces the SecureSmith smart home system at a fraction of the price (from RM1,000 onwards) of similar smart home systems. The system has already been installed in housing projects managed by SP Setia Bhd, Proton City Tanjung Malim and Alam Tenggara in Kuantan.
Chief executive, Jimmy Tok said:
Today's homeowners want to stay connected and be in control of their homes via the mobile phone. So they may opt for an intelligent home system which is more comprehensive than just a simple house alarm
The trend, he adds, is towards intelligent home systems that offer home security, closed-circuit TV surveillance, home automation control, and Internet home monitoring via the personal computer and mobile phone.
iNix is MESDAQ-bound. Tok said that iNix expects to raise about RM10.5 million from its listing on the Malaysian Exchange of Securities Dealing and Automated Quotation Bhd (Mesdaq) market. The initial public offering, due to take place in the final quarter of this year, involves a public issue of 14.95 million new ordinary shares of 10 sen each at 70 sen apiece.
iNix plans to secure new buyers in the UAE and the US by the final quarter of this year.
They already have existing clients in Australia, Sri Lanka and Europe. Need to do more research to find out who in Australia they supply, and what products. Link to Article