Friday 29 Mar 2024
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KUALA LUMPUR (Dec 27): IDOTTV Sdn Bhd, a wholly-owned subsidiary of Sedania Innovator Bhd, will collaborate with Iscada Net Sdn Bhd (IS.NET) to provide Internet of things (IoT) solutions to the Fire and Rescue Department of Malaysia (JBPM) for a period of five years, effective Dec 21.

In a filing with Bursa Malaysia today, Sedania said IDOTTV had on Dec 20 entered into a strategic partnership agreement with IS.NET for the venture.

IS.NET is a technology provider for advanced integrated fire detection solutions, and has been appointed by JBPM as its direct fire safety link service provider.

IDOTTV is a platform provider and service enabler specialising in providing ancillary services to mobile subscribers in Malaysia and Bangladesh.

The agreement will see IDOTTV and IS.NET collaborating to undertake the provision of iSNET Fire Safety Portal (iFSP) under Sistem Pengawasan Kebakaran Automatik (SPKA) for the fire department.

IS.NET will be the contracting party with the Malaysian government and deliver its obligations as described in the agreements with designated building owners as required by the fire department.

IDOTTV will be responsible for designing, developing, procuring and supplying IoT solutions in the form of iFSP devices to IS.NET.

The number of the devices to be designed, developed, procured and supplied to IS.NET is for a minimum 6,300 designated buildings identified by JBPM for a period of five years, which may increase from time to time when JBPM adds on to the designated building list.

IDOTTV will be supplying the iFSP devices to IS.NET at a minimum selling price of RM2,300 per unit excluding goods and services tax.

The agreement also stated that IS.NET grants IDOTTV or its holding company the first right of refusal to purchase a minimum 35% of IS.NET's equity.

Sedania said the partnership to design and supply devices that allow for instant connectivity and connection between the designated buildings and JBPM is part of the company's venture into IoT technology.

ACE Market-listed Sedania's core businesses pertain to or are connected with telecommunications and information technology, which include multimedia products and all other related activities.

The agreement is expected to contribute positively to the earnings and net assets per share of Sedania Group for the financial year ending Dec 31, 2017.

At noon market close, Sedania's shares were down 0.5 sen or 1.7% to 29 sen, for a market capitalisation of RM58 million.

 

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