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Vault Intelligence opens Singapore office to meet growing demand in Southeast Asia

The office has been opened on the back of significant demand for the Vault Solo product line.

Vault Solo
Vault Solo is a unique safety technology product involving wearables

Vault Intelligence Ltd (ASX:VLT) has opened a new office in Singapore and appointed a local general manager to drive its business throughout the Southeast Asia region.

READ: Vault Intelligence posts record quarterly results amid strong growth pipeline

Vault IQ Singapore has been incorporated as a business in Singapore on the back of significant demand for the Vault Solo product line.

The product line consists of the Solo Enterprise Platform, Solo (workforce / lone worker protection and management using both mobile and wearable) and SoloDrive (Driver Behaviour and Vehicle Collision) apps.

 

Vault has appointed Paul Meredith as General Manager Asia.

Meredith, as a permanent and long-term Singaporean resident, brings extensive networks, drive, skill and experience in technology sales throughout Asia.

Vault IQ Singapore will co-locate with Vault appointed regional distributor, ACA Pacific and will operate its business out of their premises located in Clarke Quay.

ACA Pacific is one of the largest IT distributors in Southeast Asia.

READ: Vault Intelligence enters strategic partnership for Solo safety solution with Jurong Port in Singapore

ACA Pacific CEO and MD Craig Gledhill said: “Vault Solo is a unique safety technology product involving wearables and is creating unprecedented levels of interest particularly across the government, defence, ports and security verticals.

“Having Vault physically open its operations in Singapore is essential to the conversion of large opportunities with government and other corporations that we have jointly been progressing.”

New Zealand government support

Vault has received significant assistance and guidance from New Zealand Trade and Enterprise (NZTE) on the structuring of the business as well as exposure to business networks, opportunities and partners.

NZTE Trade Commissioner for Singapore Hayley Horan said: “We are very excited by the manner and speed in which Vault is making their mark in Singapore.

“This reinforces the strong ties we have with Singapore and their commitment to the adoption of smart innovation from technology such as that offered from Vault.”

Quick facts: Vault Intelligence Ltd

Price: 0.28 AUD

ASX:VLT
Market: ASX
Market Cap: $35.84 m
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