Latest news with #NationalIndustrialMasterPlan2030
The Star
2 days ago
- Business
- The Star
George Kent advances smart metering with the nation's first branded ultrasonic water meter
PETALING JAYA: George Kent (M) Bhd has announced a strategic partnership with Shanghai-listed Qingdao Topscomm Communication Co Ltd (Topscomm) for the development of GK Ultra, the nation's first locally branded ultrasonic water meter. In a statement, George Kent said the smart metering solution that is currently under development and engineered to meet international standards and support global market expansion. 'GK Ultra also supports Malaysia's National Industrial Master Plan 2030 (NIMP), which aims to position Malaysia as a high-technology and innovation-driven economy. 'As the only Malaysian company to introduce a locally branded smart ultrasonic water meter to the market, it aligns with NIMP's goals of digitalisation, promoting homegrown innovation and high-technology exports.' George Kent added that GK Ultra aims to deliver a compelling alternative with up to four times the accuracy of conventional mechanical water meters, along with superior durability and digital connectivity. 'Utilising ultrasonic technology with no moving parts, GK Ultra is embedded with Internet-of-Things and Artificial Intelligence capabilities for real-time data monitoring, remote meter reading, leak detection, and predictive maintenance, empowering utilities worldwide to transition toward intelligent, data-driven water management.'
New Straits Times
2 days ago
- Business
- New Straits Times
George Kent, China's Qingdao to develop Malaysia's first ultrasonic water meter
KUALA LUMPUR: George Kent (Malaysia) Bhd has partnered with China's Qingdao Topscomm Communication Co Ltd to develop GK Ultra, Malaysia's first locally branded ultrasonic water meter. The announcement follows the establishment of GK SuperTtech Sdn Bhd in February, a subsidiary dedicated to driving high-technology and artificial intelligence (AI) innovations. In a statement, George Kent said the collaboration paves the way for the development of the next-generation smart metering solution designed to meet international standards and support global market expansion. The initiative is aligned with National Industrial Master Plan 2030 (NIMP), which aims to position Malaysia as a high-technology and innovation-driven economy. As the only Malaysian company introducing a locally branded smart ultrasonic water meter to the market, George Kent said the initiative aligns with NIMP's goals of digitalisation, promoting homegrown innovation and high-technology exports. GK Ultra aims to deliver a compelling alternative with up to four times the accuracy of conventional mechanical water meters, along with superior durability and digital connectivity. Utilising ultrasonic technology with no moving parts, GK Ultra is embedded with Internet-of-Things (IoT) and AI capabilities for real-time data monitoring, remote meter reading, leak detection and predictive maintenance. The features empower utilities worldwide to transition toward intelligent, data-driven water management. The company said with global momentum behind smart cities and digital infrastructure, the smart ultrasonic water meter market is projected to grow from US$3.85 billion in 2024 to US$9.65 billion by 2037, according to Research Nester Analytics LLC. George Kent executive chairman Tan Sri Tan Kay Hock said GK Ultra marks a pivotal point in George Kent's evolution, from a trusted national brand to a global technology player. "We are proud to deliver a product that competes on the world stage, aligns with our vision of digital transformation and supports infrastructure sustainability for our customers globally," he added.
New Straits Times
23-05-2025
- Business
- New Straits Times
NCT Group, Canada's Intrinsic Venture to leverage RM615mil fund to catalyse innovation
KUALA LUMPUR: Canadian venture capital firm Intrinsic Venture Capital has partnered with the Invest NCT Programme under NCT Group to support industrial innovation and drive Malaysia's economic transformation. The partnership aims to leverage Intrinsic Venture's RM615 million (CAD 200 million) fund to catalyse innovation, smart industry growth and global market integration from Malaysia. It also aims to empower high-growth start-ups and advanced industries at the NCT Smart Industrial Park (NSIP), under the theme "New Money for New Industries". The fund targets strategic sectors including semiconductors, medical technology, electronics, green technology and digital infrastructure, positioning NSIP as Southeast Asia's leading hub for smart industrial transformation. The initiative was formalised with the signing of a Memorandum of Understanding (MoU) today between NCT Group and Intrinsic EO, a global cross-border financial consultancy. The MoU outlines plans to integrate global finance, digital infrastructure, and market entry strategies into the NSIP, in line with the objectives of Malaysia's National Industrial Master Plan 2030 (NIMP 2030) and Industry ESG 4.0 standards. NCT founder and group managing director Datuk Seri Yap Ngan Choy said the strategic partnership with Intrinsic EO opens exciting possibilities for NSIP and Malaysia's industrial landscape. "By tapping into global expertise and digital capabilities, we are not only strengthening NSIP's value proposition as an investment-attractive industrial hub, but also reinforcing our commitment to sustainable and innovation-led development," he said in a statement. Intrinsic EO chairman Andrew Sanden said the partnership allows the company to bring its international experience in market expansion, cross-border investment, and digital transformation to a strategic location in Southeast Asia. "Together with NCT Group, we aim to build a smart, connected industrial environment that supports companies entering and scaling within the region — while contributing to Malaysia's role as a regional hub for innovation and sustainable industry," he said. As a strategic facilitator, the Invest NCT Programme offers flexible industrial property models, including Built-to-Suit and lease-to-buy schemes, supported by a capital consortium comprising venture capital, private equity, bank co-investments, and talent bank resources. It embodies a future-forward investment strategy that integrates "New Finance, New Money" principles to create a fully bankable industrialisation model.
