Latest news with #MIMOS
The Star
18-07-2025
- Business
- The Star
MIMOS appoints Saat Shukri as new president, group CEO
MIMOS's newly appointed president and group CEO, Saat Shukri Embong KUALA LUMPUR: MIMOS Bhd has appointed Saat Shukri Embong as its president and group chief executive officer (CEO), effective July 14, 2025. In a statement, MIMOS said that Saat Shukri, a distinguished leader with a deep understanding of technology innovation and commercialisation, would be bringing a wealth of experience to his new role at the helm of Malaysia's premier research and development (R&D) institution. "He began his renowned career at Motorola Inc in 1995 and his extensive experience in the semiconductor industry includes key positions at STATSChipPAC Inc, Infineon Technologies AG, Texas Instruments Inc, and Freescale Semiconductor Inc,' it said. In 2009, Saat Shukri joined the Malaysian Industry-Government Group for High Technology and in 2010, he was seconded to the Prime Minister's Office as operation director, office of science advisor to the Prime Minister of Malaysia. His journey with MIMOS commenced in 2010 as director of research, where he spearheaded various collaboration programmes with local and international industries, universities, and research institutions. Throughout his career, Saat Shukri has successfully developed numerous new technologies, products, and solutions, as well as secured various intellectual properties in his field, earning him an inclusion in the 16th Edition of Marquis' Who's Who in the World. Saat Shukri holds a Bachelor of Science in Mechanical Engineering and a Master of Engineering in Mechatronics from the University of Hartford in the United States, as well as a PhD in Electrical Engineering from Universiti Kebangsaan Malaysia. "Under Saat Shukri's leadership, MIMOS is poised to accelerate its contributions to national technology advancement, ensuring that Malaysia remains at the forefront of innovation and digital transformation,' said the R&D agency. - Bernama
New Straits Times
18-07-2025
- Business
- New Straits Times
MIMOS taps tech veteran Saat Shukri as president, CEO
KUALA LUMPUR: MIMOS Bhd has appointed Dr Saat Shukri Embong as the president and group chief executive officer, effective July 14. In a statement, MIMOS said Shukri is a distinguished leader with a deep understanding of technology innovation and commercialisation. It said he also brings a wealth of experience to his new role at the helm of Malaysia's premier research and development (R&D) institution. "Under Shukri's leadership, MIMOS is poised to accelerate its contributions to national technology advancement, ensuring that Malaysia remains at the forefront of innovation and digital transformation," it added. Shukri began his career at Motorola Inc. in 1995, followed by a tenure at ON Semiconductor Inc in 1998 as new product introduction programme manager. His experience in the semiconductor industry includes key positions at STATSChipPAC Inc, Infineon Technologies AG, Texas Instruments Inc, and Freescale Semiconductor Inc until 2008. In 2009, Shukri joined the Malaysian Industry-Government Group for High Technology (MIGHT) and in 2010, he was seconded to the Prime Minister's Office as operations director under the Science Advisor to the Prime Minister. His journey with MIMOS began in 2010 as director of research, where he spearheaded various collaboration programmes with local and international industries, universities and research institutions. In 2013, he led the technology and product portfolio development and management group, overseeing strategic activities from market intelligence and technology identification to bringing R&D outputs to market. In 2016, he was instrumental in leading the MIMOS Strategy Office, charting the company's strategic direction, particularly in alignment with the Fourth Industrial Revolution and national aspirations to position Malaysia among the top 20 countries by 2050. Most recently, in 2023, he served as head of the technology venture sector, driving collaboration, partnerships, commercialisation, and talent development initiatives. Shukri holds a Bachelor of Science in Mechanical Engineering, a Master of Engineering in Mechatronics from the University of Hartford, United States, and a PhD in Electrical Engineering from Universiti Kebangsaan Malaysia.
BusinessToday
06-07-2025
- Business
- BusinessToday
Zetrix AI Emerging As Key Driver In Nation's Blockchain Push
Zetrix AI is poised for significant revenue growth driven by its involvement in Malaysia's government-mandated national blockchain platform, as highlighted by Maybank Research. While the research firm has maintained its earnings forecasts for FY25-27E, it has adjusted Zetrix AI's target price lower to MYR1.45 (from MYR2.00), pegged to 15x FY26E Price-to-Earnings Ratio (PER) to better reflect the company's evolving business model as a national blockchain developer. The Malaysia Blockchain Infrastructure (MBI), launched on June 28, 2025, is a key driver for Zetrix AI's growth. Jointly developed by Zetrix AI and MIMOS, MBI is designed to support both public and private sector applications. Built on Zetrix AI's proprietary Layer-1 blockchain, it aims to serve as a 'national backbone' for critical functions such as verifiable credentials (VC), supply-chain traceability, and asset tokenization. Among its applications, MyDigital ID (for digital identity verification) and MyGov (for digital decentralization/notarization of government records) are already live on the platform, with MyDigital ID alone boasting 2.5 million active users. MyDigital ID is already generating revenue for Zetrix AI. The company earns MYR0.40 per transaction from service providers who utilize MyDigital ID for credential authentication. These service providers span various sectors, including government agencies (such as the Immigration Department), social media companies, government-linked companies (GLCs), and even startups like Masverse, iTrace, and Cokeeps. Maybank Research estimates that Zetrix AI accrued approximately MYR5 million in revenue from VC authentication in the second quarter of 2025, a figure projected to double in the third quarter. For the full fiscal year 2025, VC-related revenue is forecast to reach MYR40 million, already imputed in the research firm's earnings estimates. Revenue accretion is expected to snowball further with the anticipated launch of My Superapp later this month. This new application will enable Malaysia's estimated 40 million annual foreign visitors to digitize their passports and driving licenses for use within the country. Zetrix AI plans to charge MYR100 per application. Despite being an optional service, the revenue potential is substantial, even if only a fraction of foreign visitors subscribe for the added convenience. Maybank Research highlights that this strategic shift from an exclusive government-to-government (G2G) service provider to a broader national blockchain developer underpins Zetrix AI's long-term growth trajectory, despite the recalibrated valuation. Related
New Straits Times
22-05-2025
- Business
- New Straits Times
Penang to roll out 'Track & Trace' tech to protect its durians
GEORGE TOWN: Penang is forging a strategic partnership with national research and development centre MIMOS Sdn Bhd to roll out a smart monitoring system known as 'Track and Trace', aimed at ensuring the authenticity and quality of locally produced durians. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the technology would be introduced from June 1, in conjunction with the start of the durian season. Every year, durian enthusiasts descend upon Balik Pulau in search of the finest specimens of the so-called King of Fruits. Fahmi said the initiative was introduced following mounting complaints from local growers regarding fraudulent practices and the exploitation of Penang's durian brand by unscrupulous parties. "This system is expected to provide a comprehensive solution to challenges faced by durian farmers, particularly in Penang. It will also enhance operational efficiency, ensure regulatory compliance, and boost consumer confidence in our durians," he said today. The 'Track and Trace' platform will document and monitor each stage of the durian production process. This includes the issuance of a barcode and certificate for each orchard, recognised by both state and federal authorities. "Customers will be able to scan the barcode on a tag attached to the durian's stem to confirm whether the fruit is genuinely from Penang," he said. Fahmi said that Penang would become the first state in Malaysia to adopt this verification technology, which is already in use in Thailand. "We have received numerous complaints of durians from other states — and even from Thailand — being passed off as Penang durians. This misleads visitors and undermines our local producers," he said. The initiative is being developed in collaboration with MIMOS and several agencies, including the Federal Agricultural Marketing Authority (Fama), the State Agrotechnology and Tourism Excos, and the Domestic Trade and Consumer Affairs Ministry. "These collaborations are vital to making Penang's durian industry more sustainable and competitive, both locally and on the global stage," he added. On exports, Fahmi said Penang's durian market is poised for growth this year, particularly due to robust demand from key destinations such as China and Singapore. Popular export varieties include the Musang King (D197) and Ochee, or Black Thorn (D200). "Malaysia's durians enjoy strong demand thanks to the guaranteed quality and compliance with MyGAP certification standards, which are widely recognised by importing countries," he said. He also said that two new durian varieties — Kim Long (D230) and Cenderawasih (D229) — were officially registered in Penang in 2023. While some growers have reported a delay in this year's season and slightly lower yields compared to last year, Fahmi is confident that export performance will remain unaffected. "Last year, our total durian exports stood at 67,203kg, slightly below the 67,670kg recorded in 2023. China was our largest importer with 38,800kg. "The peak season generally runs from mid-June to July, with an off-season crop between December and January," he added. Fahmi credited the sector's performance to the dedication of durian entrepreneurs in adhering to good agricultural practices under the MyGAP certification scheme.
Malay Mail
22-05-2025
- Business
- Malay Mail
Penang durians to get new track-and-trace system
GEORGE TOWN, May 22 — A new track-and-trace system will soon be introduced to monitor durian output in Penang, with tags attached to the fruit for greater transparency. Penang Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the system, developed in collaboration with MIMOS Sdn Bhd, will be rolled out from June 1 to coincide with the start of the durian season. 'This is a smart platform that was developed after we received complaints from local operators on fraud and exploitation by other irresponsible parties,' he said during his winding-up speech at the state legislative assembly. Later, he told reporters the track-and-trace system will offer end-to-end visibility from farms to retailers. 'There were many durian sellers from other states who claimed their durians are from Balik Pulau, Penang and this has affected our own local durian sellers,' he said. He added that some sellers were passing off imported durians from Thailand as Penang produce, which had negatively impacted local durian stalls and farms. This prompted the state government to introduce the system. The platform will allow real-time tracking of the origin, certification, and status of each durian, ensuring authenticity and transparency for consumers. 'This system will support verification of product certifications so there is quality assurance and transparency,' he said. He added that the system would also improve efficiency, ensure compliance with local regulations, and build consumer trust in local durian sellers. 'This is also in line with the state's efforts to strengthen the durian industry and protect the interests of local durian producers,' he said. Penang will be the first state in Malaysia to implement such a system to monitor its durian industry, although a similar system is already in use in Thailand. On durian exports, Fahmi said Penang exported a total of 67,203 kilograms of durians last year, a slight dip of 467 kilograms compared to 67,670 kilograms in 2023. He attributed the drop in exports to hot weather, which reduced yields last year. 'The higher demand for Penang durians domestically has also affected the total exports,' he said. Still, he noted that demand for Malaysian durians remained strong, boosted by the MyGAP certification, which is recognised by countries including China. 'The main countries that import durians from Malaysia are China and Singapore,' he said. Musang King (D197) and Black Thorn (orchee/D200) remain the two most popular export varieties. Penang durian producers have also continued to develop new cultivars, with two new varieties — Kim Long (D230) and Cenderawasih (D229) — registered in 2023. Asked whether the late start to this year's season would affect supply, he said the main harvest period remains between June and July, with some farms experiencing shorter seasons between December and January. 'State durian producers remained committed in ensuring adequate supply and that their farms always comply with MyGAP certification in terms of productivity and this will not impact the export market,' he said. He added that other states, such as Kedah and Perak, also contribute to the export of popular varieties like Black Thorn and Musang King. 'We have Penang farmers who have started durian farms in Perak and Kedah too,' he said.
