KUALA LUMPUR (June 8): Securemetric Bhd (KL:SMETRIC) said the group has secured a contract worth 229.89 million pesos (RM15.07 million) in the Philippines for the provision of an application development platform.

In a Bursa Malaysia filing on Monday, the digital security solutions provider said the contract was awarded to its 99.99%-owned Philippine subsidiary, Securemetric Technology Inc.  

The group, however, did not disclose the customer for the contract.

Securemetric said the contract scope includes the provision of hardware, subscription, support and maintenance services, as well as other services related to public key infrastructure.

The group expects the contract to contribute positively to its earnings for the financial year ending Dec 31, 2026 onwards.

Securemetric is principally involved in the provision of digital security solutions, including authentication, identity and access management, and public key infrastructure services.

Its shares closed up half a sen or 4.55% at 11.5 sen on Monday, with a market capitalisation of RM66.36 million.