Latest news with #Phang
The Sun
a day ago
- Automotive
- The Sun
Meta Bright speeds up EV growth through tie-up with ChargeHere
KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary Meta Bright ChargeSini Sdn Bhd has signed novation agreements with ChargeHere EV Solution Sdn Bhd – effectively assuming full rights, operations, and revenue streams for four primary electric vehicle (EV) charging station projects. This marks a significant step forward in Meta Bright's foray into the EV charging sector. The strategic novation agreement transfers operational control and commercial benefits for the EV charging stations located at high-visibility properties, enabling the group to rapidly scale its presence in line with Malaysia's National Energy Transition Roadmap (NETR). ChargeHere, operating under the ChargeSini brand, is Malaysia's leading charging point operator with a network of 935 EV charging points nationwide. Through the novation, Meta Bright ChargeSini will take over complete management responsibilities including maintenance, operations, and revenue collection, building upon the foundation laid by its joint venture partner. The transaction not only brings immediate commercial returns through service income and profit-sharing models but also realises the full intent of the joint venture announced earlier in July. It accelerates Meta Bright's ability to replicate and roll out similar successful projects across Malaysia. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim described the novation as a key tactical move that significantly shortens time-to-market in Malaysia's competitive EV landscape. He said that instead of starting from the ground up, the company has (through this arrangement), instantly secured EV charging stations in high-traffic, strategic locations. 'This move reinforces Meta Bright's commitment to expanding its renewable energy business and firmly establishes the group as an active and credible player in the country's green mobility transition. 'Rather than a tentative entry, the company is accelerating its role in the sector, strengthening its base of recurring income and setting the stage for future growth,' he said. Phang added that the novation represents a strategic evolution from the joint venture agreement with ChargeHere, further solidifying Meta Bright's ambitions in the charging point operator market. Building on this momentum, Meta Bright is currently in advanced negotiations to secure the next phase of EV charging sites in key strategic locations. Phang noted that the group's expanding operational track record supports a disciplined growth strategy and underpins its dual focus on enlarging its renewable energy portfolio while contributing meaningfully to Malaysia's green mobility agenda.
Focus Malaysia
2 days ago
- Automotive
- Focus Malaysia
Meta Bright fast-tracks EV expansion, secures prime charging sites in first major move for ChargeHere JV
META Bright Group Bhd, a Main Market-listed diversified Energy conglomerate, has unveiled a significant acceleration for its venture into the electric vehicle (EV) charging sector. Its 51%-owned subsidiary, Meta Bright ChargeSini Sdn Bhd (MBC), has executed novation agreements with ChargeHere EV Solution Sdn Bhd, hence effectively taking over the full rights, operations and revenue streams of four key EV charging station projects. The strategic novation agreement transfers operational control and revenue rights for EV charging stations at key properties. It therefore fast-tracks Meta Bright's expansion by leveraging the groundwork laid by its joint venture partner ChargeHere which aligns directly with Malaysia's National Energy Transition Roadmap (NETR) ambitions. Chargehere which manages and operates the operation of EV charging infrastructure and solutions via the 'ChargeSini' brand name is Malaysia's leading charging point operator (CPO). It owns 935 EV charging points across Malaysia. By assuming full control, MBC will manage the entire operational scope from maintenance to accruing all commercial benefits. This transaction crystallises the objectives of the JV announced earlier in July by immediately unlocking recurring revenue for the group through profit-sharing models and service income. The novation arrangement is poised to enable Meta Bright to further expand and replicate similar successful projects across Malaysia. 'This novation is a key tactical move that significantly shortens our time-to-market in the competitive EV space,' commented Meta Bright's executive director (corporate and strategic planning) Derek Phang Kiew Lim. 'Rather than doing it from scratch via the novation arrangement with our JV partner, Chargehere, we have instantly secured EV chargers in high-visibility, strategic locations.' This reinforces Meta Bright's commitment to expanding the group's renewable energy business while immediately positioning the group as a credible and active player in Malaysia's green mobility transition. 'We're not just entering the market but we're accelerating within, thus enhancing our recurring income base and positioning ourselves strongly for future growth,' enthused Phang. 'In addition, the novation marks a strategic progression from the JV agreement we entered with Chargehere earlier, and could further strengthen our position in the CPO market'. At the close of today's (July 21) trading, Meta Bright was unchanged at 12 sen with 113,500 shares traded, thus valuing the company at RM326 mil. – July 21, 2025
The Sun
2 days ago
- Automotive
- The Sun
Meta Bright fast-tracks EV expansion, securing prime charging sites from ChargeHere JV
KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary, Meta Bright ChargeSini Sdn Bhd, has signed novation agreements with ChargeHere EV Solution Sdn Bhd, effectively assuming full rights, operations, and revenue streams for four primary electric vehicle (EV) charging station projects. This marks a significant step forward in Meta Bright's foray into the EV charging sector. The strategic novation agreement transfers operational control and commercial benefits for the EV charging stations located at high-visibility properties, enabling the group to rapidly scale its presence in line with Malaysia's National Energy Transition Roadmap (NETR). ChargeHere, operating under the ChargeSini brand, is Malaysia's leading charging point operator, with a network of 935 EV charging points nationwide. Through the novation, Meta Bright ChargeSini will take over complete management responsibilities, including maintenance, operations, and revenue collection, building upon the foundation laid by its joint venture partner. The transaction not only brings immediate commercial returns through service income and profit-sharing models but also realises the full intent of the joint venture announced earlier in July. It accelerates Meta Bright's ability to replicate and roll out similar successful projects across Malaysia. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim described the novation as a key tactical move that significantly shortens time-to-market in Malaysia's competitive EV landscape. He said that instead of starting from the ground up, the company has, through this arrangement, instantly secured EV charging stations in high-traffic, strategic locations. 'This move reinforces Meta Bright's commitment to expanding its renewable energy business and firmly establishes the group as an active and credible player in the country's green mobility transition. 'Rather than a tentative entry, the company is accelerating its role in the sector, strengthening its base of recurring income and setting the stage for future growth,' he said. Phang added that the novation represents a strategic evolution from the joint venture agreement with ChargeHere, further solidifying Meta Bright's ambitions in the charging point operator market. Building on this momentum, Meta Bright is currently in advanced negotiations to secure the next phase of EV charging sites in key strategic locations. Phang noted that the group's expanding operational track record supports a disciplined growth strategy and underpins its dual focus on enlarging its renewable energy portfolio while contributing meaningfully to Malaysia's green mobility agenda.
Yahoo
5 days ago
- Health
- Yahoo
DNAKE Emerges as a Global Innovator in Brain-Computer Interface Technology
XIAMEN, China, July 18, 2025 /PRNewswire/ -- Brain-Computer Interface (BCI) technology is redefining human-machine interaction by establishing direct communication between the brain and external devices. This transformative innovation is driving profound societal impact across industries: revolutionizing neurological disease treatment (e.g., epilepsy, Parkinson's, and depression), enhancing educational outcomes through improved focus, and enabling seamless industrial human-robot collaboration. With aging populations and rising neurological disorders worldwide, BCI's healthcare applications are experiencing explosive demand. According to IMARC Group, the global BCI market reached $1.74 billion in 2022 and is projected to hit $3.3 billion by 2027. In this rapidly evolving field, DNAKE is establishing itself as a rising force through cutting-edge R&D and global vision. Technology Leadership & Standardization As a key driver of BCI advancement, DNAKE has forged strategic partnerships with elite research institutions like the CAS Key Laboratory of Brain Function and Diseases, Xiamen University's Brain Cognition & Intelligent Computing Lab, etc. These collaborations underscore its dual strengths: proprietary innovation and integration of top-tier academic resources. DNAKE holds pivotal roles in the BCI Industry Alliance and China Communications Standards Association, actively co-authoring technical standards such as "EEG-Based Attention Monitoring Systems: Technical Requirements and Testing Methods." This standardization expertise positions DNAKE to extend its influence into global markets, where consistent technical benchmarks are critical for adoption. Breakthrough Innovations DNAKE's BCI team recently published groundbreaking research in the Annals of the New York Academy of Sciences, solving a critical industry challenge: environmental adaptability. Their innovative "Human-AI Multi-agent Copilot" system merges EEG signal decoding with deep reinforcement learning AI, enabling devices to interpret user commands while autonomously responding to environmental changes—a leap from one-directional BCI systems to true interactive intelligence. In sleep health, Dr. Phang's team also developed a Multiscale Temporal Convolutional Neural Network (MTCNN) algorithm in the Journal of Neural Engineering that achieves 88.24% accuracy in sleep-stage classification—a 23% improvement over consumer-grade headbands (Miller et al., 2022). This approach sets new paradigms for EEG signal analysis. R&D Commitment DNAKE's 300+ member R&D team includes specialized BCI engineers, with 2024 R&D investment spiking to 11% of revenue. A dedicated $18 million BCI Technology Center will accelerate project commercialization. Strategic Vision Aligned with its "Innovation-Driven Transformation" strategy, DNAKE is pivoting toward digital health ecosystems while strengthening its smart community and hospital solutions. "In BCI, Chinese innovators compete on equal footing globally," notes DNAKE. "Through autonomous R&D and international collaboration, we're poised to shape BCI's future." About DNAKE DNAKE (Xiamen) Intelligent Technology Co., Ltd. is a global leader in smart intercom and home automation solutions. Since 2005, we've delivered innovative, high-quality products—including IP intercoms, cloud platforms, smart sensors, and wireless doorbells—to over 12.6 million households worldwide. Combining cutting-edge technology with customer-focused design, DNAKE provides reliable, scalable solutions for both residential and commercial needs. View original content: SOURCE DNAKE (Xiamen) Intelligent Technology Co., Ltd.
The Sun
13-07-2025
- Automotive
- The Sun
Meta Bright, ChargeHere formalise EV charging joint venture
PETALING JAYA: Diversified energy conglomerate Meta Bright Group Bhd's wholly owned subsidiary Meta Bright Energy Sdn Bhd has formalised a joint venture (JV) with ChargeHere EV Solution Sdn Bhd, a leading electric vehicle (EV) charging point operator in Malaysia. The JV aims to expand the group's footprint in Malaysia's rapidly growing EV charging infrastructure market. The partners will incorporate a JV company – Meta Bright Chargesini Sdn Bhd – dedicated to developing, installing and operating EV charging infrastructure across Malaysia, focusing on malls, hotels, residential and commercial areas. Meta Bright Energy will hold a 51% stake while ChargeHere will hold the remaining 49%. Meta Bright executive director of corporate and strategic planning Derek Phang Kiew Lim said the JV with ChargeHere significantly expands the company's capabilities within the renewable energy sector, particularly in EV infrastructure. 'It represents an essential milestone for Meta Bright, aligning closely with our ESG goals and strategic focus on creating sustainable, recurring revenue streams,' he said in a statement. ChargeHere, operating under the ChargeSini brand, currently manages Malaysia's largest network of EV charging points with 935 charging stations across 300 locations, serving more than 32,000 active users. The collaboration enables Meta Bright to leverage ChargeHere's established technical capabilities and operational experience to advance the group's presence in the growing EV infrastructure sector. Through the initiative, Meta Bright aims to capitalise on the government's National Energy Transition Roadmap (NETR), which outlines the strategic expansion of renewable energy and sustainable infrastructure nationwide, including the establishment of 10,000 EV charging stations by 2025. Both parties have identified several urgent and approved projects to launch under the JV, with key locations in Johor, Penang and Selangor. Additionally, the partnership is already actively planning subsequent stages of expansion, with an extensive pipeline of upcoming projects that include notable sites across Kuala Lumpur, Pahang and Malacca, among others. The sites range from prominent hotels and commercial buildings to large residential condominiums. 'Our immediate and planned installations will substantially broaden our operational footprint in key urban areas, supporting national goals and meeting rising consumer demand for accessible EV charging solutions,' Phang said. The joint venture with ChargeHere significantly enhances the group's renewable energy and energy efficiency portfolio, reinforcing its commitment to environmental sustainability and innovative energy solutions. In addition to the joint venture, Meta Bright also announced the disposal of its wholly owned Australian subsidiary, Meta Bright Australia Pty Ltd, for RM25.37 million. The decision comes as part of the group's broader risk management strategy to mitigate exposure to cross-border operational risks, including geopolitical uncertainties, foreign exchange volatility and global economic conditions. 'The disposal of our Australian subsidiary allows us to redeploy resources towards our core operations in Malaysia, ensuring sustained long-term growth and shareholder value. The proceeds will also help us significantly mitigate the cross-border business amidst the current geopolitical environment, reduce our bank borrowings, and enhance our financial resilience,' Phang said.
