PETALING JAYA: ARB Bhd, via wholly owned subsidiary Arbiot Sdn Bhd, has inked a deal worth RM800mil with two Chinese companies for the provision of water supply-related technology.
The company said Arbiot had signed a memorandum of agreement (MoA) with Hangzhou Mayam IoT Tech Co Ltd and Shuifa IoT Tech Co Ltd.
“For the MoA with Hangzhou, it involves a strategic partnership with Arbiot to deploy smart water meters in Malaysia to measure, collect and analyse real-time water consumption information and data, including water leakages, water pressure, and the date and time of water consumed by households.
“The project value is RM200mil and Hangzhou will provide the necessary funding to Arbiot for the implementation,” it said in a statement.
ARB, which is principally engaged in the business of information technology and software solutions, said Arbiot would be responsible for the provision of installation, testing and commissioning of the smart water meters while Hangzhou would submit, apply and obtain the requisite approvals for the smart water metering project.
Meanwhile, the collaboration with Shuifa involves the installation of a smart household water filtration system that can be supplied to the public and individuals. The project value is about RM600mil, said ARB.
“Arbiot will be responsible for the provision of testing, commissioning, after-sales support, repair and maintenance of the system, while Shuifa will submit, apply and obtain the requisite approvals for the smart household water filtration system,” said ARB.
In the same statement, ARB executive director (investment and technology) and chief executive officer Datuk Larry Liew Kok Leong said the MoA signing was a “very important step in the digital transformation of utilities”.
“Not only will it allow them to save cost and increase revenue but also provide greater satisfaction to customers, who are increasingly demanding the digitalisation of these types of services and a more sustainable management.
“We hope to leverage on Hangzhou’s technological know-how to help Malaysia’s water companies and institutions not only to better understand water consumption patterns but also to manage the scarcity and quality of water resources more effectively.”
Liew added that ARB was targeting to install the smart household water filtration system in 300,000 residential units in Malaysia.
“Developers are increasingly willing to indulge and attract buyers in a soft real-estate market and we believe such a water filtration system would be a unique selling point for the projects.”