YapXnet Signs Exclusive IoT Solution Supply Contract with Macau Security Company XSoft

[Asia Economy Reporter Jang Hyowon] YapX (CEO Choi Simyeong), a KOSDAQ-listed company, announced on the 1st that its subsidiary YapXnet, established for the purpose of the Internet of Things (IoT) infrastructure business, has signed an exclusive supply contract with Macau-based security company Xsoft for solutions utilizing location-based IoT infrastructure.

Starting with this contract, YapXnet plans to open a "Show Room" introducing IoT infrastructure and solution services within the WYNN Casino Resort located in Macau, and will continue showcase events targeting officials from the Macau Center for Disease Control and Prevention, investors, and high-ranking government officials to expand its business.

Xsoft, as YapXnet’s exclusive local partner, will be fully responsible for local operations necessary for running the showroom and will secure active cooperation with local stakeholders to successfully carry out the main business. The company explained that Xsoft is prioritizing the deployment of YapXnet’s disease infection suspect epidemiological investigation project, which was successfully introduced in Korea using IoT beacon devices.

Additionally, Xsoft has agreed to comprehensively take charge of marketing and sales for government project approvals such as frequency certification and integration with the disease control system required for IoT infrastructure construction, nationwide installation of YapXnet’s IoT beacon devices necessary for disease infection suspect epidemiological investigations, and other related tasks for the pilot project in Macau.

Xsoft, an SI company based in Macau, supplies and operates CCTV, security systems, and administrative system setups for the Macau and Hong Kong governments. Recently, it signed a supply contract with China’s state-owned Nanyou Fund and the Okita Medical Clinic, opened on Hainan Island, for disease prevention, diagnostic kits, and the entire medical system. This medical center is also constructing a branch within the WYNN Casino Resort in Macau.

Choi Simyeong, CEO of YapX, stated, “Starting with this supply contract, YapXnet and Xsoft will continue a company-wide cooperative relationship in the smart city solution business sectors being promoted across Macau, China, and Hong Kong. Leveraging YapXnet’s technology, which has already been recognized in various domestic IoT infrastructure construction projects, we will strive to achieve meaningful results such as expanding pilot projects in the future.”

This content was produced with the assistance of AI translation services.