Genetec wins RM58mil EV battery contract

Genetec Technology Sdn Bhd staff using sophisticated enginerring software in the design stage before manufacturing their products.

KUALA LUMPUR: Genetec Technology Bhd has secured new orders worth RM57.9mil for the electric vehicle (EV) and battery industry.

The company, which operates in the industrial automation segment, also secured a RM1.6mil contract for hard disk drive, electronics and semiconductors.

The new secured orders are from the new and existing customers who are global players in the industries, it said in a filing with Bursa Malaysia yesterday.

Genetec said the new orders were secured from the previous announcement dated Feb 19 this year and up to the date of this announcement from 14 customers for customised machines of assembly lines and supply of component parts in electric vehicle and battery, hard disk drive, electronics and semiconductor.

Genetec products

“The tenure of each project normally ranges from three to nine months depending on the size of order and time frame specified by customers.“Scope of works will involve but not limited to concept design and detailed drawing, order and receiving of component parts, system fabrication and assembly, software coding and programming, factory setup as well as system testing and lastly installation, commissioning and acceptance by customers, ” it said.

Genetec added the secured orders are on a project basis.