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All Press Releases for July 12, 2008 »
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LG Electronics Wins USD 38.1 Million Smart City Contract
Giga Group to Deploy Digital Leader's Smart Home Technology in its Latest project 
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    /24-7PressRelease/ - Amman, Jordon, July 12, 2008 - Global and regional digital leader LG Electronics has been awarded an USD 38.1 million contract from Goldcrest Properties, a division of Giga Group, to deploy its HomNet smart home technology in Goldcrest Properties' Smart City project.

LGE HomNet will deploy its Home and Community management solutions for the project addressing the growing need for smart home solutions in today's fast paced life. This alliance will offer tenants a modern lifestyle with sophisticated amenities such as ultra-high speed Internet access, keyless home entry, video and audio communications, integrated security with CCTV streaming, parking & access control, community portal solutions and much more.

The General Manager of LGE Branch Amman, Mr. Kevin Cha Said, "Recognising the potential of its product offering, developers are now choosing LGE HomNet to provide customers with a convenient and secure lifestyle integrating digital home solutions. We are well-positioned to support the region's booming property developments and are confident of LGE's growth in this niche sector."

Strategically located on Emirates Road and within close proximity to Dubai International Airport, Smart City will offer over 3,500 luxury apartments comprising studios, one-bedroom and two-bedroom units all of which are equipped with LG HomNet's home management solutions.

LGE HomNet home solutions also include access control for the household and common entrances, notifications of visitors during the absence of the owner, and other convenient features. "It is with great pride that the Giga Group launches a project that offers residents smart living options. What we are developing is not a static sculpture, but a lifestyle," said Amir Giga, Managing Director of Goldcrest Properties. "As the proven specialists in smart home technology, LG Electronics offers a number of advantages over other providers, while boosting our own stature in the region's construction sector."

About SACCS/TRACCS (Jordan Office)

TRACCS Jordan
Maha Al Rawashdeh
Tel: (+962) 6 5660542
Fax: (+962) 6 5660541
E-mail: jordan@traccs.net

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