Sarawakian tech start-up signs JVA with Thai based engineering firm on sustainable technology
Evolving Brilliance Technologies Sdn Bhd (EB Tech) – a Sarawakian tech startup – has signed a jointventure agreement (JVA) with MSQ Engineering and Solutions (Thailand) Pvt Ltd and its counterpart in Malaysia, for a transformative partnership in sustainable technology sector.
In a press release yesterday, EB Tech said the JVA marked the commencement of a threeyear working relationship focused on the carbon credit management and trading (CCMT) project in Thailand.
“Both EB Tech and MSQ Engineering and Solutions are set to combine their technological expertise and regional insights to drive innovations in the burgeoning Carbon Credit market,” it said.
“This project aligns with Thailand’s commitment to sustainable development and reducing carbon emissions,” it added.
The JVA signing took place at Prince of Songkla University in Hat Yai, Thailand on Feb 2, in conjunction with the hosting of the Southern Innovation and Technology Expo 2024 (SITE 2024).
Senator Dr Wareerat Sirithansakul from the House of Representatives of Thailand acted as the witness signatory for the JVA signing between EB Tech chief executive officer Moses Lenjau Vinsien and MSQ Engineering and Solutions CEO Rehanfairuz Mohd Jamil.
Also present to witness the signing event was EB Tech director Ashweein Narayanan.
Wareerat expressed her enthusiasm for the joint venture, emphasising its potential to contribute significantly to Thailand’s environmental goals.
“This partnership between EB Tech and MSQ Engineering and Solutions is a commendable step towards harnessing technology for sustainable development,” she said.
“We believe this collaboration will not only advance Carbon Credit management practices but also foster knowledge exchange and research advancements through the partnership with Prince of Songkla University,” she added.
The tripartite agreement underscores the shared vision of advancing sustainable practices, fostering innovation, and supporting academia in contributing to environmental solutions, said the statement.
Moses meanwhile shared the company’s anticipation to partner with MSQ and PSU on the ground-breaking project.
“This collaboration leverages our combined strengths to unlock the full potential of carbon credit management in Thailand and contribute to the country’s climate action goals, while at the same time create opportunities for Sarawak’s green economy,” he said.
This joint venture, he added, would not only contribute to the sustainable development goals of both Thailand and Malaysia, but also open new avenues for economic growth and employment opportunities in Sarawak.