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Milestone Systems expands Singapore footprint with the launch of Asia Experience Centre, strengthening regional leadership in video technology

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SINGAPORE – Media OutReach Newswire – 25 February 2026 – Milestone Systems, a world leader in data-driven video technology, today announced the opening of its new Experience Centre in Singapore, representing a major expansion of the company’s regional footprint in Asia. The Centre will serve as a next-generation hub for solution design, cross-industry collaboration, and real-world testing of video innovations enabled by data analytics, hybrid-cloud architectures, and AI. It directly complements the Singapore government’s national agenda, announced at 2026 Budget by PM Lawrence Wong, by creating a stronger foundation for safe, industry-ready AI adoption in critical sectors.

Milestone Systems Singapore Experience Centre

The new facility underscores Milestone’s long-term commitment to Asia and supports the region’s rapid transition toward intelligent, automated and increasingly interconnected operational environments. It is designed to help governments, enterprises, and critical infrastructure operators accelerate deployments of video-driven solutions that enhance safety, efficiency, and resilience while ensuring that innovation aligns with global standards of responsible AI adoption.

“Asia is the world’s most dynamic security and smart infrastructure market, and enterprises are expecting deeper operational intelligence and more adaptable system architectures,” said Kiean Khoo, Asia Business Head, Milestone Systems. “Our expanded Singapore hub gives the region the capabilities, collaboration space, and expertise required to address these new opportunities and scale innovation.”

Asia’s security and smart infrastructure market accelerates

Asian growth in demand for intelligent video and integrated security solutions is being driven by rapid urbanisation, infrastructure expansion, and rising expectations for real-time operational insights across airports, transport hubs, hospitality, critical infrastructure, and public spaces.

“Our expanded presence in Singapore reflects two clear realities: the scale and pace of demand across Asia, and the importance of scaling through open ecosystems and responsible innovation,” said Morten Illum, Chief Revenue Officer, Milestone Systems. The Experience Centre will play a pivotal role in helping partners and customers build AI-enabled solutions that are trustworthy, interoperable and ready for real-world complexities.”

The Asia-Pacific Physical Security Market size is estimated at USD 42.25 billion in 2025, and is expected to reach USD 59.54 billion by 2030, at a CAGR of 7.1% during the forecast period (2025-2030).[1] It is increasingly defined by intelligent video, access control, and integrated security solutions. Market trends show a significant migration from legacy CCTV systems to IP-based, hybrid, and cloud-enabled platforms, with an emphasis on interoperability, analytics, and AI-driven decision-making.

“As the region accelerates into the AI-era, our customers are looking for trusted, high-quality data to power autonomous decision-making,” Khoo added. “The new Experience Centre is built to help organisations validate AI-driven workflows safely and responsibly. It lets businesses experiment, optimise and innovate with the confidence that their systems meet the highest standards of governance, transparency and human oversight. ”

A strategic hub for the era of Agentic AI

As organisations adopt AI—systems capable of planning, reasoning and autonomously executing tasks—video technology is becoming a core source of trusted, high-value data. The Asia Experience Centre will act as a proving ground for businesses seeking to explore how video, sensors, and multimodal data can be integrated to support e.g. AI agents in performing complex operational workflows.

The Centre features an expanded environment for scenario testing, multi-vendor integration, and modelling of high-density, real-time environments such as airports, urban transport, critical infrastructure, manufacturing floors, retail ecosystems, hospitality facilities and smart city districts. It can evaluate how AI workflows interact with real operational conditions, including video quality, data continuity, cybersecurity controls, and compliance requirements.

Driving innovation for a more connected and resilient Asia

Illum added further: “Milestone Systems is deepening its role as a catalyst for innovation across the region’s evolving security and smart-infrastructure landscape with the launch of the Asia Experience Centre. By combining open-platform video technology, responsible AI principles, and a strong partner ecosystem, the Centre will help accelerate Asia’s transition toward safer, smarter and more data-driven environments.”


[1] Asia-Pacific Physical Security Market Size & Share Analysis – Growth Trends & Forecasts (2025 – 2030)

Hashtag: #MilestoneSystems

The issuer is solely responsible for the content of this announcement.

About Milestone Systems

Milestone Systems is a world leader in data-driven video technology used in industries as diverse as manufacturing, airports, law enforcement, retail, and traffic management. We provide a clear picture of how to create a safer, better and more prosperous world. Our product suite includes XProtect video management software, BriefCam AI-powered analytics, and Arcules cloud VSaaS. It helps our customers learn from the past, understand the present, and predict the future. Milestone is also advancing responsible Vision AI through Project Hafnia, the world’s largest regulatory-compliant video data library, and brighter AI anonymization technology. Founded in 1998 and headquartered in Copenhagen, Milestone employs more than 1,500 people worldwide and has been an independent company in the Canon Group since 2014. For more information visit: .

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Southco Introduces New Folding T-Handle Compression Latch

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HONG KONG SAR – Media OutReach Newswire – 26 February 2026 – Southco has launched the new N5 Lift-and-Turn Compression Latch, featuring strong sealing action and a broad, ergonomic t-handle in a single compact piece of hardware.

N5 Lift-and-Turn Compression Latch

The N5 Compression Latch is designed for ergonomic operation, even under harsh conditions. The folding t-handle is easy to grip and actuate, even with a gloved hand, so operators can prioritize their safety and still work efficiently. When not in use, the handle folds neatly into the latch housing for a low-profile look that eliminates catch points.

The folding T-handle is not the only low-profile aspect of the N5 Compression Latch. The entire device is designed to take up minimal space on a panel and protrude as little as possible into an enclosure. With these design choices, engineers can maximize their internal and surface space while still leveraging the ergonomic and sealing benefits of a t-handle compression latch.

Despite its compact design, the N5 is NEMA4/IP65 sealing compliant, and provides strong compressive force to protect valuable interior components. When paired with the right gasket, its compressive force forms a seal around a panel that guards against harmful outside elements like dust and water. Even without a gasket, compression also prevents the panel from rattling against its frame as interior components work, keeping your device quiet.

Finally, the N5 Lift-and-Turn Compression Latch has a variety of locking options and a non-locking variant to accommodate all security needs. These include key-locking cores and tool-operated options such as No. 2 Phillips recess, slotted recess, and hex recess. The N5 adapts to meet the security needs of each user without additional customization.

For more information about the N5 Lift-and-Turn Compression Latch, visit southco.com or email the 24/7 customer service department at in**@*****co.com

Hashtag: #Southco #N5COMPRESSIONLATCH

The issuer is solely responsible for the content of this announcement.

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 75 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

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Global Ticketing Platform Veritickets Goes Live on Web and Mobile, Promising 100% Verified, Authentic Tickets with Delivery in 12 Hours

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  • Veritickets offers a ticket issuance promise as fast as 12 hours and guarantees that every ticket is verified and valid for entry.
  • The platform is an officially certified partner of Alipay, China’s leading payments and digital services platform, and of the cross-border e-commerce platform Tmall Global.
  • It provides multilingual interfaces and multi‑currency payment options.

SINGAPORE – Media OutReach Newswire – 26 February 2026 – Veritickets, a next‑gen global ticketing platform, recently launched its website and mobile app. The platform pledges to issue confirmed, in‑stock tickets in as fast as 12 hours and offers multilingual interfaces and multi‑currency payment options to address major pain points for cross‑border buyers and streamline the purchase experience.

The platform also guarantees “100% verified tickets,” supported by a consumer‑protection policy that offers a full refund plus additional compensation of up to the ticket price if a ticket is not delivered. Users can access the service via the Veritickets website or by downloading the mobile app from various app stores.

Screenshot of the Veritickets website showing the platform’s newly launched web ticketing interface.

Screenshot of the Veritickets app, now available for both iOS and Android users.
Screenshot of the Veritickets app, now available for both iOS and Android users.

Designed specifically for international buyers, Veritickets accepts major credit cards including Visa, Mastercard and JCB. It is also an officially certified partner of China’s leading payments and digital services open platform Alipay and of the cross-border e-commerce platform Tmall Global.

The platform has already listed multiple high‑demand events, including the BTS 2026-2027 World Tour, the World Cup 2026 and Stefanie Sun _After Sunset_ World Tour.

With an initial focus on Hong Kong, Macau and Southeast Asia, Veritickets is positioning itself as a global ticketing platform, aiming to deepen its presence across the Asia‑Pacific region while expanding into additional markets in phases.

To reduce search friction and enhance transparency, Veritickets aggregates official, vetted inventory into a single interface, enabling users to compare options efficiently. The platform provides real‑time availability and pricing, supported by an all‑in pricing model intended to minimize unexpected fees and last‑minute adjustments.

Its smart recommendation engine curates event suggestions based on user preferences. The platform also offers round‑the‑clock customer support and real‑time transaction verification as part of its agent supervision standards.

Veritickets is currently recruiting internationally qualified ticketing agents, requiring valid operating licenses, strong credit records and proven professional service capabilities. All agents must comply with stringent requirements, including real‑time ticket updates, instant transaction validation and round-the-clock customer support, ensuring a consistent and reliable experience for buyers worldwide.
Hashtag: #Veritickets

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Hong Kong 2026-27 Budget: Driving High-quality, Inclusive Growth with Innovation and Finance

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HONG KONG SAR – Media OutReach Newswire – 25 February 2026 – Paul Chan, Financial Secretary of the Hong Kong SAR Government, delivered his 2026-27 Budget today (February 25), with a range of initiatives to support and diversify Hong Kong’s economic growth, boost innovation and technology (I&T), speed up development of the Northern Metropolis and proactively align with China’s National 15th Five-Year Plan.

The theme of the 2026-27 Budget, the fourth Budget of the current-term Government, is “Driving High-quality, Inclusive Growth with Innovation and Finance”.

Hong Kong SAR’s Financial Secretary, Paul Chan, delivers the 2026-27 Budget today (February 25)

“Over the past year, as a result of the booming economy and capital market, our tax revenue has increased. Coupled with the reinforced fiscal consolidation programme gradually bearing fruit, our public finances have improved sooner than expected,” Mr Chan said.

The Financial Secretary revealed that Hong Kong’s Consolidated Account was expected to register a surplus of $2.9 billion in the current fiscal year, instead of a deficit of about $67 billion as originally estimated. The Operating Account for 2025-26, which was originally estimated to record a deficit of about $3 billion, will register a surplus of $51.3 billion, he said.

It was also confirmed that Hong Kong’s economy expanded by 3.5% in 2025, with growth forecast to be between 2.5% and 3.5% for 2026.

Mr Chan noted that this year marks the beginning of the National 15th Five-Year Plan, and he stressed the need for Hong Kong to actively align with the Plan.

“Our country’s sustained high-standard two-way opening-up, coupled with scientific and technological innovation, have presented us with new opportunities,” he said. “We must embrace the 15th Five-Year Plan with an innovative mindset, fostering new quality productive forces in accordance with local conditions.”

Mr Chan set out a series of measures to drive I&T development, including establishing the Committee on AI+ and Industry Development Strategy; taking forward the Sandy Ridge data facility cluster project; promoting AI training; and accelerating digital intelligence transformation of the Government.

“We are pressing ahead with the industrialisation of AI and deepening its integration across various industries, while encouraging wider AI application, thereby achieving the target of adoption and utilisation by all,” he said.

The International Clinical Trial Academy will, he said, also be established to help enable the Chinese Mainland’s biomedicine technology to go global, attract foreign investment, and help develop Hong Kong into an international health and medical innovation hub.

To facilitate the development of new industrialisation, the Budget has earmarked resources for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland, and the New Industrialisation Elite Enterprises Nurturing Scheme will be launched.

The Government will promote the full integration of technological innovation and industrial innovation through key infrastructure, including the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and the San Tin Technopole in the Northern Metropolis.

To support financial services, Hong Kong will proactively align with national development strategies, advance the internationalisation of the Renminbi, and continuously reform the securities market.

The Government will legislate this year to enhance tax regimes for family offices and funds, as well as establish licensing regimes for digital asset dealing and custodian service providers.

“Despite the complex and ever-changing external environment, Hong Kong’s financial market has performed strongly and our financial system remains robust,” Mr Chan said. “We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the GBA (Guangdong-Hong Kong-Macao Greater Bay Area).”

Noting that Hong Kong saw a year-on-year 12 per cent increase in visitor arrivals last year, which had created business and job opportunities for related sectors, the Budget will allocate $1.66 billion (US$212 million) to the Hong Kong Tourism Board (HKTB).

“The HKTB will scale up its flagship events and promotion, introducing new elements and extending event duration, and organise more signature festive events to highlight Hong Kong’s East-meets-West uniqueness,” Mr Chan said.

The Budget also earmarks an additional funding of $1 billion (US$128 million) for the Built Heritage Conservation Fund to enrich city culture. Elsewhere, the Government will launch the Northern Metropolis Urban-rural Integration Fund as a pilot scheme to support rural tourism projects.

To further promote sports development in Hong Kong, the Financial Secretary will inject $1.2 billion (US$154 million) to the sports portion of the Arts and Sports Development Fund.

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Mr Chan said that the global environment has remained volatile over the past year, and Hong Kong has continued to undergo economic transformation.

“Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges. Yet, Hong Kong has always thrived amid changes and progressed through innovation. We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life,” Mr Chan said.

For more details on the 2026-27 Budget, click here.

Hashtag: #hongkong #brandhongkong #Budget #Inclusive #Growth #Innovation #Finance





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