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Israeli security company offers solution to safeguard home valuables against burglary

Security services company Malca-Amit launched its mobile safe deposit box concept in September and now plans to expand the service to London, New York and Tokyo

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Malca-Amit president Nigel Paxman says his company has received a positive reception since the September launch of Ultra-Vault, a concierge safe deposit box service designed for convenience and security. Photo: Dickson Lee
Enoch Yiu
Hong Kong’s recent string of high profile burglaries has sparked demand for safe storage of valuables such as gold bars and jewellery, prompting one company to develop an on-call safe deposit box service known as Ultra-Vault.
Malca-Amit, a company which specialises in safe depository services, launched the new service in September, targeting wealthy clients in Hong Kong and Singapore, according to company president Nigel Paxman.

“There has been strong demand for mobile vault services in both Hong Kong an Singapore since the launch,” Paxman said. “It is so successful that we have decided to expand the services to London, New York and Tokyo at the end of this year or early next year.”

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Paxman told the Post as his office in Tsim Sha Tsui that the main idea is to provide a flexible security solution similar to a safe deposit box, but one that is not subject to the restrictive opening hours and fixed locations of banks.

The security boxes, of which three sizes are available, are delivered by an armed security vehicle to locations specified by the customer. Delivery can be arranged around the clock as long as advance notice is given. Insurance protection is available via London-based Lloyd’s.

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Paxman said recent high profile break-ins in some of the city’s most affluent districts have helped to raise awareness of the need for secure storage. Posh residential areas, including The Peak, Shouson Hill, Deep Water Bay, Repulse Bay and Kowloon Tong, have all been targeted in recent months. Among the victims, Hong Kong Exchanges & Clearing chief executive Charles Li Xiaojia’s home at Tai Tam was burgled in October.

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