JARTON Wins IMF-World Bank Security Deal, Targets 1B Baht by 2030

JARTON Holdings highlighted its Thai security technology strengths after being awarded the contract to oversee the screening system for the IMF–World Bank 2026 meeting, deploying more than 100 devices and a team of over 30 technicians. The firm will push forward with AI-based screening expansion into ASEAN markets, deepen its cybersecurity services for SMEs, and target an average annual revenue increase of 20% from 2027 to 2029 to reach 1 billion baht by 2030, while also planning to upgrade its Nakhon Pathom factory to full-scale production. Thithat Jungkankul noted the company’s almost five-decade history in physical security hardware and its plan to grow the business over the next three years by advancing physical security alongside intelligent AI screening systems, software services, cybersecurity solutions, and overseas expansion, especially in ASEAN. Currently JARTON Holdings generates about 500-600 million baht in total revenue; its hardware business grows roughly 10% per year, while security screening systems, software and AI grow about 30% annually. This supports the goal of a 20% yearly revenue increase from 2027 to 2029 before pushing total revenue to 1 billion baht by 2030 through three main drivers: expanding the market and customer base, extending AI into software offerings, and developing cybersecurity capabilities. Over the past nearly five years, the firm has devoted 15-20% of its budget to research and development to foster innovation and competitiveness, focusing on intelligent security screening to differentiate itself from crowded CCTV and access control markets. Key products include an AI walk-through metal detector that distinguishes ordinary metal from suspicious objects to reduce false alarms, millimeter-wave person screening technology, AI-powered X-ray baggage scanners, and under‑vehicle scanning systems to detect suspicious items. The company highlighted Thai technology’s international recognition, noting its selection to manage security screening for the IMF–World Bank Group Annual Meetings 2026. This assignment covers walk‑through metal detectors, AI‑enabled walk‑through weapon and metal detectors, AI-based X‑ray baggage scanners, MMW person screening systems, and under‑vehicle scanners, using over 100 equipment items and a team of more than 30 technicians for planning, installation, readiness testing, and operational support throughout the event. JARTON said it prepared the systems and solutions nearly two years in advance to handle large crowds and minimize checkpoint congestion, viewing the trust placed in it for this international‑level work as a chance to showcase Thai‑developed technology. Additionally, the firm has installed security systems on the Pink, Yellow, Purple and Blue MRT lines, at the Bank of Thailand, in the One Bangkok project, at Wing 23 of the Royal Thai Air Force, and for the FIFA Congress 2024.