KUALA LUMPUR: Mexter Technology Bhd’s wholly-owned subsidiary Mexter (M) Sdn Bhd has inked an agreement to collaborate with Chief Solutions Sdn Bhd (CSSB) and UMCH Technology Sdn Bhd to commercialise Mexter Home Care, a connected fitness and health tracking solution.
Mexter Home Care was developed by UMCH — a spin-off of University Malaya’s UM Centre for Innovation and Commercialization — together with CSSB.
The health tracker comprises a range of health measurement devices connected to a managed data facility for users’ health monitoring and tracking purposes.
Under the deal, Mexter will focus on marketing the home care solution locally and within the region, while UMCH will power the use of its mobile applications and fitness and health portals to Mexter Home Care’s end users. CSSB, on the other hand, will provide intelligent wearables and measurement devices.
Mexter’s chief executive officer (CEO) Ivan Sia (pic) said one notable upcoming feature of the fitness and health tracking solution is its ability to enable users to subscribe for the services of health professionals for third-party independent monitoring.
Teoh Seng Jing, CEO of UMCH, said the solution offers an at-a-glance dashboard view of some of one’s health metrics, like physical activity level, body vital signs, diet and sleep patterns.
He said the solution is currently at a pilot stage and that the end-product will be finalised by around March, after which it is expected to be introduced to a wider market.
“The research undertaken since 2014 cost about RM2 million, some of which was funded by grants we obtained,” Teoh said.
UMCH is a recipient of Cradle Fund Sdn Bhd’s Coach and Grow Programme in 2015, as well as the High Impact Programme 2 (HIP2), which is managed by Platcom Ventures Sdn Bhd, a wholly-owned subsidiary of Agensi Inovasi Malaysia. HIP2 is a national initiative under the SME Masterplan 2012-2020.
This is Mexter’s first venture since Dr Lim Yin Chow emerged as a major shareholder in the company via his vehicle, LYC Capital Sdn Bhd. Mexter shares climbed 0.5 sen or 1.85% to close at 27.5 sen yesterday, valuing it at RM55.2 million.