KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with 
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.

This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE. 

Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with HSSE’s extensive international market
presence and network. With over three decades of engineering excellence from
both OPUS and HSSE, we are uniquely positioned to deliver innovative and sustainable
infrastructure solutions not only to Malaysia but also for the high-growth
markets across Southeast Asia and the Middle East. We share ambitious growth
aspirations, aiming to enhance the delivery of world-class engineering practice
and asset management services while contributing to the region's infrastructure
development.

Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director &amp; CEO, UEM Edgenta,
shared, "This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our ability to deliver innovative,
sustainable projects. For UEM Edgenta, this aligns seamlessly with our Edgenta
of the Future 2025 (EOTF 2025) vision; where innovation, sustainability, and
impact are at the core of our strategy. This joint venture also enhances our
competitiveness in the international market, positioning us as a leader in
infrastructure asset management across Southeast Asia and the Middle East region.”

“This JV allows us to leverage the strengths of both HEB
Group and Opus International. By combining HEB Group’s expertise in engineering
design and project management with Opus International’s innovative approaches
like asset management, geotechnical, energy efficiency and sustainability
solutions. We are creating a formidable alliance primed for success. Our
collaboration will certainly lead to synergistic benefits in our joint
projects. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.

Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”

Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.

OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.

For further information on OPUS and UEM Edgenta,
log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.

KUALA LUMPUR, 23 October – OPUS International (M) Berhad
(OPUS), a leading engineering and asset management consultancy, a subsidiary of
UEM Edgenta Berhad (UEM Edgenta) together with 
HSS Engineering Sdn Bhd (HSSE), a prominent player in engineering and project
management services, a wholly owned subsidiary of HSS Engineers Berhad (HEB);
today announced the signing of a Joint Venture and Shareholders’ Agreement
(JVSA). This strategic partnership aims to accelerate expansion into
high-growth infrastructure markets across Southeast Asia (SEA) and the Middle
East.This collaboration brings
together the combined expertise of OPUS and HSS Engineering to deliver comprehensive
solutions across engineering and technical services, project management and
asset management consultancy and energy efficiency solutions in diverse
infrastructure sectors. The joint venture will be 60% owned by OPUS and 40% by
HSSE. Sharing her thoughts on the
collaboration, Hillary Chua, Managing Director, OPUS, said, “This joint venture
marks a transformative step forward by merging the expertise of OPUS in asset
management and energy efficiency with HSSE’s extensive international market
presence and network. With over three decades of engineering excellence from
both OPUS and HSSE, we are uniquely positioned to deliver innovative and sustainable
infrastructure solutions not only to Malaysia but also for the high-growth
markets across Southeast Asia and the Middle East. We share ambitious growth
aspirations, aiming to enhance the delivery of world-class engineering practice
and asset management services while contributing to the region's infrastructure
development.Echoing similar sentiments
and enthusiasm, Syahrunizam Samsudin, Managing Director &amp; CEO, UEM Edgenta,
shared, "This partnership is goes beyond collaboration – it is about
creating long-term value. It strengthens our ability to deliver innovative,
sustainable projects. For UEM Edgenta, this aligns seamlessly with our Edgenta
of the Future 2025 (EOTF 2025) vision; where innovation, sustainability, and
impact are at the core of our strategy. This joint venture also enhances our
competitiveness in the international market, positioning us as a leader in
infrastructure asset management across Southeast Asia and the Middle East region.”“This JV allows us to leverage the strengths of both HEB
Group and Opus International. By combining HEB Group’s expertise in engineering
design and project management with Opus International’s innovative approaches
like asset management, geotechnical, energy efficiency and sustainability
solutions. We are creating a formidable alliance primed for success. Our
collaboration will certainly lead to synergistic benefits in our joint
projects. We look forward to building a strong partnership with Opus International
to raise the standards of infrastructure projects in modern urban landscapes,”
added Ir. Sharifah Azlina Raja Kamal Pasmah, Chief Executive Officer, HSS
Engineering Sdn Bhd.Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS
Engineers Berhad concluded, “Opus International’s esteemed brand and its
leadership in asset management will seamlessly complement HEB Group’s proven
track record in engineering solutions for infrastructure projects. This
partnership is poised to significantly enhance project delivery capabilities
and foster dynamic growth in both domestic and global markets. HEB Group is
pivoting toward emerging fields like data centers and renewable energy while strengthening
its core areas of rail, highways, ports, and water infrastructure. Hence, this
JV is poised to enhance our position as Malaysia’s leading engineering
consultant and strengthen the comprehensiveness of our solutions.”Signing the agreement on
behalf of OPUS was Hillary Chua, Managing Director, OPUS while HSS was
represented by it’s CEO, Ir. Sharifah Azlina Raja Kamal Pasmah. The signing was
witnessed by Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd.OPUS and HSSE plan to
formally establish the joint venture in 2024, with initial operations focusing
on major asset management projects and energy efficiency initiatives. The
formation and operations of the joint venture are subject to necessary
regulatory approvals.For further information on OPUS and UEM Edgenta,
log on to <a href="https://www.uemedgenta.com">https://www.uemedgenta.com</a>.



<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/9a8d0bca-79c7-4868-f171-6494238cb200/public" alt="(from left to right)&nbsp;Ir. Sharifah Azlina Raja Kamal Pasmah, CEO, HSS Engineers Bhd and Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman, HSS Engineers Bhd together with Syahrunizam Samsudin Managing Director &amp; CEO, UEM Edgenta and Hillary Chua, Managing Director, OPUS International (M) Bhd at the recent Joint Venture and Shareholders' Agreement signing between OPUS International (M) Bhd, a sub-subsidiary of UEM Edgenta Bhd, and HSS Engineers Bhd's wholly-owned subsidiary HSS Engineering Sdn Bhd to provide engineering and technical services." /><img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/2d6bc809-9f8c-48f9-5432-cfbfd89f0a00/public" alt="Image" /><img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/69a75573-273c-4868-70d6-f1200ea79000/public" alt="Image" />

Commercial facilities / Office buildings

Construction / Civil engineering

Electricity / Gas / Resources / Energy

Listed companies

Government offices / organizations

OPUS International and HSS Engineering Forge Strategic Joint Venture to Lead Infrastructure Development Across Southeast Asia and Middle East

UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).

UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.

A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.

UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.

In Asset Management Services, the company is focused on maintaining its market leadership by advancing Smart and Green Facilities Management, emphasizing cutting-edge technology for efficient and sustainable asset management. Additionally, our strategic acquisition of the Kaizen Group in the UAE, completed in 1H FY2024, further strengthens our market position and drives financial growth through a cohesive integration with our existing operations in the Middle East, which is certain to unlock new business opportunities in the region.

With a robust order book extending beyond 2030, the Infrastructure Services Division enjoys strong earnings visibility. Concurrently, it is broadening its capabilities beyond road maintenance to include areas such as solar photovoltaic system maintenance and expanding its presence in Indonesia’s infrastructure services market. Additionally, the Recycled Asphalt Pavement (RAP) premix plant in Perak is now fully completed and operational, positioning the business within the pavement products value chain.

Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, “We are committed to optimizing our resources and refining our operational model to enhance efficiency across all levels. Our strong and steadily replenishing order book not only provides clear visibility into long-term earnings and financial stability but also underscores our resilience in navigating market fluctuations.”

“As we advance with our Edgenta of The Future 2025 (EoTF2025) strategies, we are confident that our resilience and focus on both business preservation and growth will empower us to overcome challenges and deliver outstanding performance throughout the year. Our ability to adapt and persevere positions us strongly to meet future demands and achieve sustained success,” he added.

Looking ahead, UEM Edgenta remains committed to exploring new possibilities and advancing industry standards. By steadily integrating innovation and prioritizing sustainable growth, the company continues to create value for its stakeholders while striving to deliver practical and forward-thinking solutions.

For further information on UEM Edgenta, visit https://www.uemedgenta.com.

UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.UEM Edgenta Berhad (UEM Edgenta), a leading Asset Management and Infrastructure Solutions company in the region, today announced its unaudited financial results for the first half of 2024, ending 30 June 2024 (1H FY2024).UEM Edgenta reported a revenue of RM1.44 billion for 1H FY2024, marking a 6.4% increase compared to the RM1.35 billion recorded in the same period last year. The net profit for the second quarter of 2024 (Q2 FY2024) also saw an uptick, rising by 2.1% to RM12.8 million from RM12.5 million in Q2 FY2023. These results underscore UEM Edgenta’s commitment to delivering consistent financial performance amidst a dynamic global economic landscape.A total of RM2.0 billion in new contracts were secured in 1H FY2024, matching the total new wins in FY2023. More than 90% of these wins came from its international business in Singapore, Taiwan, and the Middle East. In Singapore, continued execution excellence has driven strong and healthy order book replenishment of RM1.2 billion in healthcare support services and integrated facility management contracts with clients beyond the healthcare sector. The operations in the Kingdom of Saudi Arabia successfully secured their first hospital contract, further expanding their footprint in the region. Domestically, the Asset Consultancy division is making significant strides with more than RM67.7 million in new wins, the majority of which are Energy Efficiency (EE) projects, reaffirming its RM200 million zero-capex commitment made in September 2023. UEM Edgenta is bolstered by a solid order book of approximately RM10 billion as of 30 June 2024, providing long-term earnings visibility and positioning the company to navigate potential challenges while maintaining financial stability.UEM Edgenta’s optimism is strengthened by the significant progress made in realising our targeted cost savings, initially set at RM100 million over five years under EoTF2025, which we are on track to achieve by the end of 2024—a year ahead of schedule. These savings have been driven by operational excellence, optimized procurement, and a leaner business structure. Building on this momentum, the Company is targeting an additional RM150 million in savings over the next five years, focusing on key cost optimisation areas, including spend prioritisation, simplifying the organisation and corporate structure, supply chain management, contract renegotiation, and streamlining operations through automation and technology. The Company is on track to achieve its Phase 1 target of a 10% improvement in addressable costs by the end of the 2024 financial year.In Asset Management Services, the company is focused on maintaining its market leadership by advancing Smart and Green Facilities Management, emphasizing cutting-edge technology for efficient and sustainable asset management. Additionally, our strategic acquisition of the Kaizen Group in the UAE, completed in 1H FY2024, further strengthens our market position and drives financial growth through a cohesive integration with our existing operations in the Middle East, which is certain to unlock new business opportunities in the region.With a robust order book extending beyond 2030, the Infrastructure Services Division enjoys strong earnings visibility. Concurrently, it is broadening its capabilities beyond road maintenance to include areas such as solar photovoltaic system maintenance and expanding its presence in Indonesia’s infrastructure services market. Additionally, the Recycled Asphalt Pavement (RAP) premix plant in Perak is now fully completed and operational, positioning the business within the pavement products value chain.Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, said, “We are committed to optimizing our resources and refining our operational model to enhance efficiency across all levels. Our strong and steadily replenishing order book not only provides clear visibility into long-term earnings and financial stability but also underscores our resilience in navigating market fluctuations.”“As we advance with our Edgenta of The Future 2025 (EoTF2025) strategies, we are confident that our resilience and focus on both business preservation and growth will empower us to overcome challenges and deliver outstanding performance throughout the year. Our ability to adapt and persevere positions us strongly to meet future demands and achieve sustained success,” he added.Looking ahead, UEM Edgenta remains committed to exploring new possibilities and advancing industry standards. By steadily integrating innovation and prioritizing sustainable growth, the company continues to create value for its stakeholders while striving to deliver practical and forward-thinking solutions.For further information on UEM Edgenta, visit https://www.uemedgenta.com.

Fitness / Healthcare

Management Consulting

Real Estate / Architecture / Construction

UEM Edgenta Delivers Resilient Performance in 1H 2024, Achieves Strategic Milestones

A Photo Release from UEM Edgenta - "UEM Edgenta 61st Annual General Meeting" <img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/8b61c53afbd0423d6252d9d1d7eebb4e3620d5c0198f557951ff6370867e48f2/UEM%20Edgenta%20-%2061st%20AGM.jpg" alt="(left) Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta with (right) Dato’ Mohd Izani Ghani, Non-Independent Non-Executive Director of the Board at UEM Edgenta, at the UEM Edgenta’s 61st Annual General Meeting held virtually from its headquarters in Menara UEM, Bangsar South, Kuala Lumpur. (kiri)
 Syahrunizam Samsudin, Pengarah Urusan/Ketua Pegawai Eksekutif UEM Edgenta bersama-sama
 (kanan) Dato’ Mohd Izani Ghani, Pengarah Bukan Bebas Bukan Eksekutif di UEM
 Edgenta, semasa “Mesyuarat
 Agung Tahunan ke-61” UEM Edgenta yang
 diadakan secara maya di ibu pejabatnya di Menara UEM, Bangsar South, Kuala
 Lumpur.&nbsp; &nbsp; &nbsp; &nbsp; " />

Medical / Hospital

Green technology

Financial results announcement

A Photo Release from UEM Edgenta - "UEM Edgenta 61st Annual General Meeting"

UEM Edgenta 61st Annual General Meeting

KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.

The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.

“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.

“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.

Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company's commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.

Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.

Prior and upcoming initiatives include a range of activities:

i. Surau Ashabul Kahfi, Dungun, Terengganu

ii. Masjid Abdullah Fahim, Kepala Batas, Penang

i. Sg. Buloh Overhead Bridge Restaurant &amp; Rest Stop Area

UEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its "Infaq Musafir Ramadan" programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).

While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.

For further information on UEM Edgenta and its CSR other initiatives, logon to https://www.uemedgenta.com.

Razman Ismail,
Chief People Officer, UEM Edgenta (left), handing over a 'food basket'
consisting of grocery items to a beneficiary during the Company's "Jalinan
Kasih Edgenta" CSR programme in conjunction with the month of Ramadan.

One of the many
beneficiaries receiving a 'food basket' consisting of grocery items from a UEM
Edgenta representative during the Company's recent "Jalinan Kasih
Edgenta" CSR programme, held in conjunction with Ramadan.

KUALA LUMPUR, 29 March – Throughout the month of Ramadan, UEM Edgenta Berhad (UEM Edgenta), a leading provider of integrated asset management and infrastructure services, embarked on a series of Corporate Social Responsibility (CSR) initiatives in sealing the Company’s commitment to the community through 2024’s edition of its “Jalinan Kasih Edgenta” series. Reflecting the true spirit of the holy month, the initiatives included distribution of bubur lambuk, food baskets and iftar with selected orphanages.The month-long CSR programme which touched close to 3,800 beneficiaries nationwide recently culminated with a twinned activity involving mosques in Pantai Dalam; namely Masjid Al-Ikhlasiah and Masjid Ar-Rahah. The programme kicked off with an iftar (breaking of the fast) session with orphans from selected orphanages in Kuala Lumpur together with the congegration of Masjid Al-Ikhlasiah, followed by the distribution of food baskets consisting of grocery items to 300 asnaf beneficiaries which included the congegration of Masjid Ar-Rahah. Both mosques are located within the same locale of UEM Edgenta’s head office, situated in the Pantai Dalam area.“The spirit of Ramadan is one of generosity, compassion, and shared experiences. Through our signature CSR series aptly called “Jalinan Kasih Edgenta,” we aim to embody these values and create positive experiences for the wider community. We are proud to play a role in strengthening the bonds of togetherness during this holy month,” said Syahrunizam Samsudin, Managing Director/ Chief Executive Officer of UEM Edgenta.“It is hoped that the distribution of the essential food supplies will also help alleviate the needs of the beneficiaries in the Pantai Dalam and Kerinchi areas while ensuring they have the necessary provisions in preparing meals during the holy month. We believe that UEM Edgenta and the community wherever it operates in have a special bond and we intend to strengthen that silaturahim,” added Syahrunizam.Also present was Razman Ismail, Chief People Officer of UEM Edgenta, who complemented the food distribution with a donation to Masjid Al-Ikhlasiah, reflecting the company's commitment to ensure the pillar of the local community is well taken care of. The spirit of giving was extended further with the distribution of duit raya to the asnaf children and Tahfiz students in attendance, bringing smiles to their faces.Echoing previous editions, “Jalinan Kasih Edgenta” this Ramadan extends beyond the Pantai Dalam community where the initiatives are held with the objective of making a larger impact in the community UEM Edgenta has presence in.Prior and upcoming initiatives include a range of activities:Distribution of Food Basketsi. Surau Ashabul Kahfi, Dungun, Terengganuii. Masjid Abdullah Fahim, Kepala Batas, PenangDistribution of Bubur Lambuk2 April 2024i. Sg. Buloh Overhead Bridge Restaurant &amp; Rest Stop Areaii. Menara UEM, Kuala LumpurUEM Edgenta’s “Jalinan Kasih Edgenta” series sees the Company working side by side with various partners. In addition to its longstanding partner, the Department of Social Welfare Malaysia (Kuala Lumpur); 2024’s edition will also witness the Company collaborating with PLUS in its "Infaq Musafir Ramadan" programme, to distribute food and drinks to highway users during peak travel periods scheduled for 2 April 2024. Also locking arms with UEM Edgenta this year are the Royal Malaysian Police (PDRM) and Zayan FM from Astro Audio’s stable of radio stations, who will be jointly organising another iftar session with orphans on 3 April 2024 held at Kelab Golf Perkhidmatan Awam (KGPA).While giving back to the communities it operates in, UEM Edgenta aims to cultivate mutual understanding and establish long-lasting partnerships with participating organizations. Through collaborative efforts, we aspire to create a sustainable and impactful legacy of compassion and support. Additionally, UEM Edgenta recently sponsored an Iftar at Masjid Saidina Umar Al-Khattab, Bukit Damansara, further demonstrating its commitment to community engagement.For further information on UEM Edgenta and its CSR other initiatives, logon to https://www.uemedgenta.com.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/a175a907ffef5f2f80d98c9ab672e4b95644e178845c9cef93f419e90ab30014/JalinanKasihEdgenta_1.jpg" alt="Image" />Razman Ismail,
Chief People Officer, UEM Edgenta (left), handing over a 'food basket'
consisting of grocery items to a beneficiary during the Company's "Jalinan
Kasih Edgenta" CSR programme in conjunction with the month of Ramadan.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/9ec7a28ed4a58ddc28d129c034ac6f3805f3d0f6886ff939456b2c12fc7ff196/JalinanKasihEdgenta_2.jpg.jpg" alt="Image" />One of the many
beneficiaries receiving a 'food basket' consisting of grocery items from a UEM
Edgenta representative during the Company's recent "Jalinan Kasih
Edgenta" CSR programme, held in conjunction with Ramadan.

UEM Edgenta Continues its Ramadan 'Jalinan Kasih Edgenta' Series

In today's world, homes play a vital role in the lives of
individuals. Purchasing a home often represents a significant investment of a
lifetime's savings and embodies the dreams of many families. However, ensuring
the quality of homes during construction, minimizing safety risks, and
protecting consumer rights are crucial considerations. A robust quality control
system is essential in achieving these objectives.

MYCRS, a Malaysian technology startup, leverages IoT and
RFID-supported tools to address a critical issue in the global construction
industry—ensuring concrete quality. In previous construction projects,
concrete, as a fundamental building material, has often been overlooked during
the testing process, hidden behind interior decorations. This lack of
transparency has allowed unscrupulous individuals to deceive the public and
homebuyers, falsely assuring them of the safety of their homes.

MYCRS addresses this challenge by tracking each cement
sample's journey from liquid to solid state and monitoring the entire
engineering testing process using RFID tracking chips. Through scanning,
testing, and monitoring, MYCRS compiles captured readings into engineering data
compliant with British Standards, providing users with accurate, tamper-proof,
and error-free outputs. This not only enhances testing efficiency but also
provides vital evidence for post-engineering liability tracing.

Initially developed for the Hong Kong railway and Hong
Kong-Zhuhai-Macao Bridge projects, MYCRS has expanded its reach to cover all
major construction projects in Hong Kong and has been adopted by the Singapore
government for Housing Development Board (HDB) construction. It is the world's
first and only technology solution provider validated by the official
engineering departments of two regions for its practicality, quality, and
stability.

Over the past five years, MYCRS has remained
committed to safeguarding the lives and assets of millions of consumers oversea,. Now,
it aims to promote and innovate its technology back in Malaysia &amp; Southeast Asia,
supporting regulatory agencies in enhancing concrete testing supervision and
ensuring the stability of every home for homebuyers. MYCRS is poised to
contribute to the realization of the Industry 4.0 vision for the concrete and
construction industries. 

The Malaysian tech team - MYCRS, known for their pivotal role in addressing the concrete test fraud issue in the Hong Kong Zhuhai Macau Bridge Mega Project, has returned home to launch their startup. Their objective is to assist Malaysian authorities and industries in advancing domestic quality justice through enhanced transparency and traceability.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/a8ebbba1ee08ca19e4ff570b1bdefea7336b928d8a77a471169f050c685f6abe/DSC08076%20final.jpg" alt="The team behind the cutting-edge concrete technology, MyCRS, revolutionizing the industry" />In today's world, homes play a vital role in the lives of
individuals. Purchasing a home often represents a significant investment of a
lifetime's savings and embodies the dreams of many families. However, ensuring
the quality of homes during construction, minimizing safety risks, and
protecting consumer rights are crucial considerations. A robust quality control
system is essential in achieving these objectives.MYCRS, a Malaysian technology startup, leverages IoT and
RFID-supported tools to address a critical issue in the global construction
industry—ensuring concrete quality. In previous construction projects,
concrete, as a fundamental building material, has often been overlooked during
the testing process, hidden behind interior decorations. This lack of
transparency has allowed unscrupulous individuals to deceive the public and
homebuyers, falsely assuring them of the safety of their homes.MYCRS addresses this challenge by tracking each cement
sample's journey from liquid to solid state and monitoring the entire
engineering testing process using RFID tracking chips. Through scanning,
testing, and monitoring, MYCRS compiles captured readings into engineering data
compliant with British Standards, providing users with accurate, tamper-proof,
and error-free outputs. This not only enhances testing efficiency but also
provides vital evidence for post-engineering liability tracing.Initially developed for the Hong Kong railway and Hong
Kong-Zhuhai-Macao Bridge projects, MYCRS has expanded its reach to cover all
major construction projects in Hong Kong and has been adopted by the Singapore
government for Housing Development Board (HDB) construction. It is the world's
first and only technology solution provider validated by the official
engineering departments of two regions for its practicality, quality, and
stability.Over the past five years, MYCRS has remained
committed to safeguarding the lives and assets of millions of consumers oversea,. Now,
it aims to promote and innovate its technology back in Malaysia &amp; Southeast Asia,
supporting regulatory agencies in enhancing concrete testing supervision and
ensuring the stability of every home for homebuyers. MYCRS is poised to
contribute to the realization of the Industry 4.0 vision for the concrete and
construction industries.

STEM (Science, Tech, Engineering, Math)

Startups

The Malaysian tech team - MYCRS, known for their pivotal role in addressing the concrete test fraud issue in the Hong Kong Zhuhai Macau Bridge Mega Project, has returned home to launch their startup. Their objective is to assist Malaysian authorities and industries in advancing domestic quality justice through enhanced transparency and traceability.

Ensuring that Shelter Lives Up to its Name with Malaysian Technology: MYCRS

KUALA LUMPUR, 29 February 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported an improved revenue delivery of 14.1% for the financial year ended 31 December 2023 (“FY2023”), compared to RM2.5 billion in the previous year (“FY2022”) and for the Company to declare a single-tier interim dividend of 2 sen per ordinary share for FY2023.

Facing global inflationary pressure and rising operational costs, the company's profit was moderated, resulting in a profit after tax for FY2023 of RM30.1 million, a decrease of 34.1% compared to RM45.7 million in FY2022.

In the fourth quarter of fiscal year 2023, UEM Edgenta reported a revenue of RM806.9 million, an increase from the previous quarter's revenue of RM710.5 million. However, net profit declined by 92.9% QoQ resulting from headwinds driven by external inflationary environment, compared to a profit of RM21.0 million in the preceding quarter. Despite the above, UEM Edgenta maintains a healthy financial position, with a low gearing ratio of 0.3 times and cash and bank balances totaling RM644.2 million as of December 31, 2023, indicating financial stability and liquidity.

Taking stock of the prevailing market conditions, sentiment, and the Company's most recent quarterly performance, Syahrunizam Samsudin, Managing Director/Chief Executive Officer, UEM Edgenta shared, "In 2023, UEM Edgenta demonstrated robust revenue growth, highest in 6 years, driven by high contract renewals and realized workorders from strong year-on-year contract wins with maiden revenue contribution from KSA, supported by strengthening of SGD. Due to the cost-push inflation with persistent rising cost of raw materials and labour that directly impact our cost structure and flow-through impact from subcontractor/vendor rising costs, profit margin was moderated across businesses. The impact was partially mitigated by our multi-sector, multi-geography portfolio diversification strategy, supported by savings driven through stringent cost management, operational efficiency initiatives and optimisation of supply chain management. As we navigate through the challenges, we continue to remain steadfast in executing our long-term strategy underpinned by EOTF 2025, driven by investments in tech and new markets and optimize the way we operate.”

“Significant headway was realized in executing technology, sustainability and market pivots through Edgenta’s differentiation in execution capabilities, reputation in upholding international quality standard and good customer relationships, the Company remains committed to enhancing efficiency and driving sustainable profitability,” added Syahrunizam.

2023 in Review: Navigating Growth and Innovation

As we enter 2024, UEM Edgenta celebrates a year of significant achievements and strategic progress on various fronts. Domestically, our dedication to innovation and sustainability has established OPUS as a leader in promoting sustainability solutions within the built environment. Our successes also extend to securing long-term contracts for state and rural roads in Selangor, Johor, and Sarawak, reaffirming our commitment to infrastructure development in Malaysia. Additionally, the launch of Net Zero Targets demonstrates our commitment to environmental responsibility, with goals set to reduce operational GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050.

Internationally, mature markets like Singapore and Taiwan, our diversification strategy goes beyond healthcare support services. Leveraging our strong reputation and track record, we are intensifying efforts to explore opportunities in the manufacturing and hospitality sectors to diversify revenue sources. In the dynamic Middle East market, we recognize significant potential driven by rapid growth and untapped opportunities, particularly in emerging smart city developments; prioritising facilities management services to capitalise on these opportunities. UEM Edgenta expanded its footprint in the Middle East with recent acquisitions, further enhancing our real estate services platform and expanding our client base.

UEM Edgenta has reached 82% of its RM100 million savings target for EoTF 2025, with 43% of its new wins attributed to technology-driven strategies, highlighting its resilience and innovation in facing industry challenges. The company's shift towards global leadership in long-term asset management and its focus on markets that appreciate this expertise reflect its adaptability. Despite facing challenges, UEM Edgenta's commitment to execution excellence, international standards, and strong customer relationships has reinforced its industry position. By focusing on strategic resilience, technological advancement, and talent development, UEM Edgenta aims for sustained growth, leveraging its global presence to overcome obstacles, capitalize on opportunities, and ensure long-term value creation for stakeholders.

For further information on UEM Edgenta and its other initiatives, logon to https://www.uemedgenta.com.

Head, Centre of Excellence &amp; Financial Management, UEM Edgenta

Managing Director / Chief Executive Officer, UEM Edgenta

KUALA LUMPUR, 29 February 2024 - UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, reported an improved revenue delivery of 14.1% for the financial year ended 31 December 2023 (“FY2023”), compared to RM2.5 billion in the previous year (“FY2022”) and for the Company to declare a single-tier interim dividend of 2 sen per ordinary share for FY2023.Facing global inflationary pressure and rising operational costs, the company's profit was moderated, resulting in a profit after tax for FY2023 of RM30.1 million, a decrease of 34.1% compared to RM45.7 million in FY2022.In the fourth quarter of fiscal year 2023, UEM Edgenta reported a revenue of RM806.9 million, an increase from the previous quarter's revenue of RM710.5 million. However, net profit declined by 92.9% QoQ resulting from headwinds driven by external inflationary environment, compared to a profit of RM21.0 million in the preceding quarter. Despite the above, UEM Edgenta maintains a healthy financial position, with a low gearing ratio of 0.3 times and cash and bank balances totaling RM644.2 million as of December 31, 2023, indicating financial stability and liquidity.Taking stock of the prevailing market conditions, sentiment, and the Company's most recent quarterly performance, Syahrunizam Samsudin, Managing Director/Chief Executive Officer, UEM Edgenta shared, "In 2023, UEM Edgenta demonstrated robust revenue growth, highest in 6 years, driven by high contract renewals and realized workorders from strong year-on-year contract wins with maiden revenue contribution from KSA, supported by strengthening of SGD. Due to the cost-push inflation with persistent rising cost of raw materials and labour that directly impact our cost structure and flow-through impact from subcontractor/vendor rising costs, profit margin was moderated across businesses. The impact was partially mitigated by our multi-sector, multi-geography portfolio diversification strategy, supported by savings driven through stringent cost management, operational efficiency initiatives and optimisation of supply chain management. As we navigate through the challenges, we continue to remain steadfast in executing our long-term strategy underpinned by EOTF 2025, driven by investments in tech and new markets and optimize the way we operate.”“Significant headway was realized in executing technology, sustainability and market pivots through Edgenta’s differentiation in execution capabilities, reputation in upholding international quality standard and good customer relationships, the Company remains committed to enhancing efficiency and driving sustainable profitability,” added Syahrunizam.2023 in Review: Navigating Growth and InnovationAs we enter 2024, UEM Edgenta celebrates a year of significant achievements and strategic progress on various fronts. Domestically, our dedication to innovation and sustainability has established OPUS as a leader in promoting sustainability solutions within the built environment. Our successes also extend to securing long-term contracts for state and rural roads in Selangor, Johor, and Sarawak, reaffirming our commitment to infrastructure development in Malaysia. Additionally, the launch of Net Zero Targets demonstrates our commitment to environmental responsibility, with goals set to reduce operational GHG emissions by 26% by 2030 and achieve net-zero emissions by 2050.Internationally, mature markets like Singapore and Taiwan, our diversification strategy goes beyond healthcare support services. Leveraging our strong reputation and track record, we are intensifying efforts to explore opportunities in the manufacturing and hospitality sectors to diversify revenue sources. In the dynamic Middle East market, we recognize significant potential driven by rapid growth and untapped opportunities, particularly in emerging smart city developments; prioritising facilities management services to capitalise on these opportunities. UEM Edgenta expanded its footprint in the Middle East with recent acquisitions, further enhancing our real estate services platform and expanding our client base.UEM Edgenta has reached 82% of its RM100 million savings target for EoTF 2025, with 43% of its new wins attributed to technology-driven strategies, highlighting its resilience and innovation in facing industry challenges. The company's shift towards global leadership in long-term asset management and its focus on markets that appreciate this expertise reflect its adaptability. Despite facing challenges, UEM Edgenta's commitment to execution excellence, international standards, and strong customer relationships has reinforced its industry position. By focusing on strategic resilience, technological advancement, and talent development, UEM Edgenta aims for sustained growth, leveraging its global presence to overcome obstacles, capitalize on opportunities, and ensure long-term value creation for stakeholders.For further information on UEM Edgenta and its other initiatives, logon to https://www.uemedgenta.com.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/8449a1c5864d7c66d0ad754b05144ea841ace1665e894a009bccd64f41f6a27b/UEM%20Edgenta%20FY2023-Financial%20Results.jpg" alt="(from left to right)" />i.	Michael Leong Kar YungHead, Centre of Excellence &amp; Financial Management, UEM Edgentaii.	Syahrunizam SamsudinManaging Director / Chief Executive Officer, UEM Edgentaiii.	Lim Su SanHead, Corporate Strategy, UEM Edgentaiv.	Rais ImranChief Strategy Officer, UEM Edgenta<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/00fd43e24180e7a9bbbd9d302201716d4975c90f2c37eb0fd9e02686cb780f7b/UEM%20Edgenta%20FY2023-Financial%20Results-MDCEO.jpeg" alt="Image" />

UEM Edgenta Records RM2 Bil in Revenue and Declares 2 sen Dividends

Plug and Play, the world's largest global innovation platform that connects startups, corporations, and investors, has announced a strategic partnership with EDOTCO Group Sdn Bhd (EDOTCO), a leading provider of integrated telecommunications infrastructure services headquartered in&nbsp;Kuala Lumpur, Malaysia. The partnership aims to accelerate innovation and drive transformation within the telecommunications industry to address the industry's most pressing challenges and uncover new opportunities. EDOTCO will be joining Plug and Play's newly launched&nbsp;<a href="https://www.plugandplayapac.com/malaysia-program" rel="nofollow" target="_blank">accelerator program in&nbsp;Malaysia</a>&nbsp;which aims to spur the Malaysian startup ecosystem alongside other partners such as Khazanah Nasional, Celcomdigi, and Sime Darby Plantation.&nbsp;

"As the telecommunications industry continues to evolve, companies must stay ahead of the curve by embracing innovation and technology," said Jupe Tan, Managing Partner, Plug and Play APAC. "We are excited to join forces with EDOTCO to create a collaborative platform that brings together startups, corporations, and industry experts to bolster&nbsp;Malaysia's&nbsp;growing tech scene and drive innovations in connectivity and infrastructure in the country."

Through this partnership, startups working on groundbreaking technologies such as 5G infrastructure, IoT connectivity, network optimization, and sustainable solutions will have the opportunity to engage directly with EDOTCO's vast experience and resources. This collaboration will also enable EDOTCO to tap into Plug and Play's global ecosystem, gaining access to a diverse range of innovative solutions that can help drive operational excellence and enhance customer experiences.

"In today's rapidly evolving telecommunications landscape, staying at the forefront demands an unwavering commitment to innovation and technology. This partnership between Plug and Play and EDOTCO is a testament to our shared dedication to shaping the future of connectivity in&nbsp;Malaysia&nbsp;and across our eight other markets in&nbsp;Asia. Together, we'll forge an innovation bridge that unites&nbsp;Malaysia's&nbsp;thriving tech community, redefining how we connect and advancing equitable connectivity across the nation," said&nbsp;Adlan Tajudin, Group CEO, EDOTCO Group.

The partnership will involve various initiatives, including innovation workshops, dealflow meetings with startups, and networking events that facilitate meaningful interactions between startups, corporate partners, and EDOTCO's experts. These efforts will contribute to fostering a culture of innovation and entrepreneurship in the telecommunications ecosystem.&nbsp; 

Find out more about Plug and Play's initiatives in&nbsp;Malaysia:<a href="https://www.plugandplayapac.com/malaysia-program" rel="nofollow" target="_blank">https://www.plugandplayapac.com/malaysia-program</a>

<h1>Plug and Play announces Strategic Partnership with EDOTCO Group to Drive Innovation in the Telecommunications Industry</h1>Plug and Play, the world's largest global innovation platform that connects startups, corporations, and investors, has announced a strategic partnership with EDOTCO Group Sdn Bhd (EDOTCO), a leading provider of integrated telecommunications infrastructure services headquartered in&nbsp;Kuala Lumpur, Malaysia. The partnership aims to accelerate innovation and drive transformation within the telecommunications industry to address the industry's most pressing challenges and uncover new opportunities. EDOTCO will be joining Plug and Play's newly launched&nbsp;<a href="https://www.plugandplayapac.com/malaysia-program" rel="nofollow" target="_blank">accelerator program in&nbsp;Malaysia</a>&nbsp;which aims to spur the Malaysian startup ecosystem alongside other partners such as Khazanah Nasional, Celcomdigi, and Sime Darby Plantation.&nbsp;"As the telecommunications industry continues to evolve, companies must stay ahead of the curve by embracing innovation and technology," said Jupe Tan, Managing Partner, Plug and Play APAC. "We are excited to join forces with EDOTCO to create a collaborative platform that brings together startups, corporations, and industry experts to bolster&nbsp;Malaysia's&nbsp;growing tech scene and drive innovations in connectivity and infrastructure in the country."Through this partnership, startups working on groundbreaking technologies such as 5G infrastructure, IoT connectivity, network optimization, and sustainable solutions will have the opportunity to engage directly with EDOTCO's vast experience and resources. This collaboration will also enable EDOTCO to tap into Plug and Play's global ecosystem, gaining access to a diverse range of innovative solutions that can help drive operational excellence and enhance customer experiences."In today's rapidly evolving telecommunications landscape, staying at the forefront demands an unwavering commitment to innovation and technology. This partnership between Plug and Play and EDOTCO is a testament to our shared dedication to shaping the future of connectivity in&nbsp;Malaysia&nbsp;and across our eight other markets in&nbsp;Asia. Together, we'll forge an innovation bridge that unites&nbsp;Malaysia's&nbsp;thriving tech community, redefining how we connect and advancing equitable connectivity across the nation," said&nbsp;Adlan Tajudin, Group CEO, EDOTCO Group.The partnership will involve various initiatives, including innovation workshops, dealflow meetings with startups, and networking events that facilitate meaningful interactions between startups, corporate partners, and EDOTCO's experts. These efforts will contribute to fostering a culture of innovation and entrepreneurship in the telecommunications ecosystem.&nbsp; Find out more about Plug and Play's initiatives in&nbsp;Malaysia:<a href="https://www.plugandplayapac.com/malaysia-program" rel="nofollow" target="_blank">https://www.plugandplayapac.com/malaysia-program</a>Established in 2012, EDOTCO Group is the first regional and integrated telecommunications infrastructure services company in Asia, providing end-to-end solutions in the tower services sector from tower leasing, colocations, build-to-suit, energy, transmission and operations and maintenance (O&M).

EDOTCO Group operates and manages a regional portfolio of over 54,000 towers across Malaysia, Indonesia, Bangladesh, Cambodia, Sri Lanka, Pakistan, Philippines, Myanmar, and Laos. EDOTCO strives to deliver outstanding performance in telecommunications infrastructure services and solutions. Its state-of-the-art real-time monitoring service, echo, has driven significant improvements in field operations while maximising operational efficiencies in terms of battery, energy and fuel consumption for telecommunications infrastructure.+6 03 2779 2699
edotco.communications@edotcogroup.com

Network / Network Equipment

Internet Service Provider / Line connection

Telecommunications / VoIP

Plug and Play announces Strategic Partnership with EDOTCO Group to Drive Innovation in the Telecommunications Industry

As part of the agreement, ProPick will transfer all its intellectual property rights to the JV. This transfer will enable the quick implementation of AI-driven drone services within HEB’s operations and potential expansion across various industries in South-East Asia.

AI-enabled drones have the potential to greatly benefit the engineering sector. They can be used for a wide range of applications such as aerial inspections, surveying, mapping, and surveillance. By leveraging AI technology, these drones can analyze data collected during flights and provide valuable insights to engineers and researchers. This can help improve efficiency, accuracy, and safety in various engineering projects.

The partnership between HEB and ProPick aims to capitalize on the growing demand for AI drone technology in the engineering sector. It will provide HEB’s clients with access to cutting-edge drone solutions that can enhance their operations and decision-making processes.

This collaboration also opens up opportunities for the JV to expand its offerings to other industries in South-East Asia. The implementation of AI-driven drone services has the potential to revolutionize various sectors, including agriculture, construction, logistics, and more.

Overall, the HSS-ProPick joint venture signifies a significant step forward in the adoption of AI technology in the engineering sector in South-East Asia. It brings together the expertise of both companies to deliver innovative and transformative drone solutions to meet the evolving needs of the industry.

<h1>HSS AND PROPICK JOINT VENTURE TO OFFER AI DRONE TECHNOLOGY TO ENGINEERING SECTOR</h1>HSS Engineers Bhd (HEB) and ProPick Digital Solutions & Consulting Sdn Bhd have announced a joint venture (JV) to provide advanced artificial intelligence (AI)-empowered drone technology to the engineering sector. HEB’s subsidiary, HSS Technologies Sdn Bhd, will hold a 70% stake in the new company, called HSS-ProPick Technologies Sdn Bhd, with ProPick holding the remaining 30%.As part of the agreement, ProPick will transfer all its intellectual property rights to the JV. This transfer will enable the quick implementation of AI-driven drone services within HEB’s operations and potential expansion across various industries in South-East Asia.AI-enabled drones have the potential to greatly benefit the engineering sector. They can be used for a wide range of applications such as aerial inspections, surveying, mapping, and surveillance. By leveraging AI technology, these drones can analyze data collected during flights and provide valuable insights to engineers and researchers. This can help improve efficiency, accuracy, and safety in various engineering projects.The partnership between HEB and ProPick aims to capitalize on the growing demand for AI drone technology in the engineering sector. It will provide HEB’s clients with access to cutting-edge drone solutions that can enhance their operations and decision-making processes.This collaboration also opens up opportunities for the JV to expand its offerings to other industries in South-East Asia. The implementation of AI-driven drone services has the potential to revolutionize various sectors, including agriculture, construction, logistics, and more.Overall, the HSS-ProPick joint venture signifies a significant step forward in the adoption of AI technology in the engineering sector in South-East Asia. It brings together the expertise of both companies to deliver innovative and transformative drone solutions to meet the evolving needs of the industry.HEB, through its subsidiaries (HEB Group or the Group) and associates, is principally involved in the provision of engineering and project management services including engineering design, construction supervision, project management, environmental services and building information modeling services. The Group has a total workforce of more than 850 staff, of which, more than half are engineers of various disciplines. With a combined experience of more than 80 years, the Group possesses longstanding experience in a wide array of sectors including urban infrastructure, transportation planning, roads and highways, railways and metro systems, water resources and supply, waste management, building and structures and power generation. As one of the leading and by far the largest listed engineering consultancy group in Malaysia, the Group is/has been involved in many notable large-scale projects including Iskandar Bus Rapid Transit, Northern Corridor Economic Region, MRT 1 & 2, Maju Expressway 2, West Coast Expressway, SUKE Expressway, Pahang – Selangor Raw Water Transfer, Development of Sungai Selangor Phase 1, 2 and 3, Sarawak Water Grid Study, Layang 2 and East Coast Rail Link. The Group now operates from 4 main offices, based in Kuala Lumpur (2 offices) and Penang in Malaysia as well as Chennai in India.+6 03-9173 0355
heb@hss.com.my

System / Website / Application development

HSS Engineers Bhd (HEB) and ProPick Digital Solutions & Consulting Sdn Bhd have announced a joint venture (JV) to provide advanced artificial intelligence (AI)-empowered drone technology to the engineering sector. HEB’s subsidiary, HSS Technologies Sdn Bhd, will hold a 70% stake in the new company, called HSS-ProPick Technologies Sdn Bhd, with ProPick holding the remaining 30%.

HSS AND PROPICK JOINT VENTURE TO OFFER AI DRONE TECHNOLOGY TO ENGINEERING SECTOR

On July 26, ARCHIDEX, the largest and most influential exhibition for building and decoration materials in Malaysia and even Southeast Asia, was opened at Kuala Lumpur Convention Centre. As a leading provider of construction and building materials system services in Southeast Asia, Oriental Yuhong Technologies (Malaysia) Sdn.Bhd. ("Malaysia Oriental Yuhong" for short) was invited to the business event, to serve the Southeast Asian market and show its waterproof products and overall solutions to the world.

With the theme of "Sweet Home is No More Wet", Malaysia Oriental Yuhong primarily exhibited polyurethane waterproofing coating, polymer cement waterproof coating, thermoplastic polyolefin (TPO) waterproof membrane, Imerz999 high resistance waterproof coating, HCA Suke organosilicon waterproof coating, and other building materials, to "contribute to a better living with diverse products and services". Shan Dongning, General Manager of Malaysia Oriental Yuhong, introduced the exhibits with agents, and visitors spoke highly of Oriental Yuhong's system services and products. The lucky draw set in the booth attracted many participants.

Malaysia Oriental Yuhong, leveraging localized management, keeps consolidating the foundation for sustainable development. Competitive products and the adaptation to the local market have allowed it to stand out from other brands. Malaysia Oriental Yuhong has made positive contributions to the Belt and Road Initiative projects, undertaking many large-scale construction projects in Malaysia. For instance, its thermoplastic polyolefin (TPO) waterproof membrane was approved to be included in the catalogue of waterproof materials for mosque construction in Malaysia for the material's outstanding performance in the maintenance and construction project of Sultan Salahuddin Abdul Aziz Shah Mosque in 2022.

Over the past 28 years, Oriental Yuhong has braved challenges and struggled through hardships. At first, it found acclimatizing to local conditions was difficult; after years of efforts, it has grown into "the Oriental Yuhong of the World", participating in and witnessing the rise of buildings prestigious worldwide and establishing a good Chinese corporate image abroad. Oriental Yuhong will stay committed to its original aspiration and make greater contributions to the high-quality development of the world's building materials market.

<h1>Oriental Yuhong Attends ARCHIDEX Again - Meeting Agents and Visitors in Malaysia</h1>On July 26, ARCHIDEX, the largest and most influential exhibition for building and decoration materials in Malaysia and even Southeast Asia, was opened at Kuala Lumpur Convention Centre. As a leading provider of construction and building materials system services in Southeast Asia, Oriental Yuhong Technologies (Malaysia) Sdn.Bhd. ("Malaysia Oriental Yuhong" for short) was invited to the business event, to serve the Southeast Asian market and show its waterproof products and overall solutions to the world.With the theme of "Sweet Home is No More Wet", Malaysia Oriental Yuhong primarily exhibited polyurethane waterproofing coating, polymer cement waterproof coating, thermoplastic polyolefin (TPO) waterproof membrane, Imerz999 high resistance waterproof coating, HCA Suke organosilicon waterproof coating, and other building materials, to "contribute to a better living with diverse products and services". Shan Dongning, General Manager of Malaysia Oriental Yuhong, introduced the exhibits with agents, and visitors spoke highly of Oriental Yuhong's system services and products. The lucky draw set in the booth attracted many participants.Malaysia Oriental Yuhong, leveraging localized management, keeps consolidating the foundation for sustainable development. Competitive products and the adaptation to the local market have allowed it to stand out from other brands. Malaysia Oriental Yuhong has made positive contributions to the Belt and Road Initiative projects, undertaking many large-scale construction projects in Malaysia. For instance, its thermoplastic polyolefin (TPO) waterproof membrane was approved to be included in the catalogue of waterproof materials for mosque construction in Malaysia for the material's outstanding performance in the maintenance and construction project of Sultan Salahuddin Abdul Aziz Shah Mosque in 2022.Over the past 28 years, Oriental Yuhong has braved challenges and struggled through hardships. At first, it found acclimatizing to local conditions was difficult; after years of efforts, it has grown into "the Oriental Yuhong of the World", participating in and witnessing the rise of buildings prestigious worldwide and establishing a good Chinese corporate image abroad. Oriental Yuhong will stay committed to its original aspiration and make greater contributions to the high-quality development of the world's building materials market.Oriental Yuhong, incorporated in 1995, has grown into an outstanding building material systems service provider in the past two decades, by providing high-quality and complete system solutions for tens of thousands of important infrastructure construction projects, industrial buildings, civil buildings and commercial buildings.Oriental Yuhong
+86 4007791975
sales@yuhong.com.cn