KUALA LUMPUR (April 13): Engineering support services provider UWC Bhd has been engaged by a key customer to develop a tester for its 5G product.
In a statement today, the group said it "has received a 5G product from a key customer, Customer B, to develop and manufacture the world’s highest frequency 5G OTA (over-the-air) chamber".
The group did not identify Customer B, except to say that it is a "leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world".
In a statement to Bursa Malaysia, UWC said the 5G tester will provide a measurement environment for characterizing wireless and antenna system performance of devices at millimetre-wave frequencies.
“It will provide performance, functional and protocol testing of networks. The tester is geared towards the automotive industry (vehicle-to-vehicle connectivity) and 5G smart devices such as smartphones and tablets,” said the group.
UWC said it has been a strategic partner to Customer B in supporting the manufacturing of its test equipment which is en-route for mass production roll-out.
All capital expenditure earmarked for this product will be financed internally by UWC, the group said.
“This new milestone continues to affirm our partner’s confidence in UWC’s capabilities and marks our ability in keeping up to trend in the development and manufacturing of new products for this fast-paced technology sector," said UWC executive director and group CEO Datuk Ng Chai Eng.
“The development of 5G will continue to grow exponentially globally as technological advancement will need to rely on strong network infrastructure. Therefore, we are very optimistic [about] the total addressable market for 5G.
“We take years to develop a product with our clients, starting from the product development stage where UWC provides value-added engineering solutions that will translate into [a] smooth manufacturing process during mass production. This product once again signals the confidence of our clients in UWC,” he added.
UWC's share price rose nine sen or 1.43% to close at RM6.40, valuing the group at RM7.04 billion. The counter saw 1.7 million shares traded.