D'NONCE Technology Bhd plans to produce a variety of security system products at its plant in Prai Industrial Estate during the third quarter of this year.
Its chief executive officer Law Kim Choon told StarBiz after the company AGM on Wednesday that D'nonce was now doing collaborative research and development work with a Taiwanese company on portable wireless alarm systems for women and children and for monitoring personal belongings.
We hope to produce some of these products under the brand name Cyberguard by the third quarter of 2003 at the facility of our subsidiary, AV Industries Sdn Bhd, in Prai Industrial Estate.
We plan to export these security products to neighbouring countries, the US and Europe by the end of the year, he said.
Law said no further investment would be made to manufacture these products, as the existing support facilities at AV Industries were capable of handling new production activities.
We want D'nonce to be synonymous with wireless security product systems, he said, adding that the group had introduced the Cyberguard alarm system for residential and commercial premises in the local market.
Law said the group was now looking for strategic locations in the country to set up showrooms to promote the Cyberguard alarm system for home and commercial use.
He said the group also expected its distribution and supply chain management division to contribute between 25% and 30% to the group revenue for the 2003 fiscal year.
We expanded our distribution and supply chain management business to Thailand in mid-2002 to service the needs of a foreign-based health care company, he added.
Listed on the KLSE second board in 2001, D'nonce's principal activities are contract manufacturing for electronic products, distribution and supply chain management, and packaging.