ARB signs deals worth RM800m with Chi­nese firms

New Straits Times - - BUSINESS / NEWS -

ARB Bhd yes­ter­day signed two sep­a­rate agreements with Chi­nese com­pa­nies for the pro­vi­sion of wa­ter sup­plyre­lated tech­nol­ogy for a com­bined project value of RM800 mil­lion.

ARB ex­ec­u­tive di­rec­tor and chief ex­ec­u­tive of­fi­cer (in­vest­ment and tech­nol­ogy) Datuk Larry Liew Kok Leong said ARB’s wholly-owned sub­sidiary Ar­biot Sdn Bhd inked the mem­o­randa of un­der­stand­ing (MoA) with Hangzhou Mayam IoT Tech Co Ltd and Shuifa IoT Tech Co Ltd.

He said Hangzhou Mayam would pro­vide fund­ing to Ar­biot to im­ple­ment a RM200 mil­lion smart wa­ter meter project in Malaysia to mea­sure, col­lect and an­a­lyse real-time wa­ter us­age in­for­ma­tion, in­clud­ing wa­ter leak­ages, wa­ter pres­sure, date and time of wa­ter con­sumed by house­holds, all in digital form.

“We aim to have 300,000 res­i­den­tial units in­stalled with the smart wa­ter me­ter­ing sys­tem within 24 months for phase one,” said Liew af­ter the MoA sign­ing, here, yes­ter­day.

On the sec­ond collaborat­ion with Shuifa, val­ued at RM600 mil­lion, Liew said it would in­volve the in­stal­la­tion of a smart house­hold wa­ter fil­tra­tion sys­tem that could be sup­plied to the pub­lic and in­di­vid­u­als.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.