KUALA LUMPUR: Swift Energy Technology Bhd has secured new purchase orders worth RM44.18mil, lifting its total contracts secured year-to-date to RM148mil, as the company continues to expand its presence in both the offshore energy and data centre sectors.
In a statement, Swift Energy said the new orders were secured by its wholly owned subsidiary, Swift Energy Sdn Bhd, comprising an overseas contract from China's Offshore Oil Engineering Co Ltd (COOEC) and repeat orders from Cummins Sales and Service Sdn Bhd.
Under the international contract, Swift Energy will supply 18 explosion-proof (Ex) solar power systems for PTTEP Thailand's Bundle Phase 4 project, with deliveries scheduled progressively from 2026 to 2028. The first batch of five systems is expected to be delivered this year.
The award marks Swift Energy's second consecutive bundle project for PTTEP, following the completion of the Bundle Phase 3 project awarded by Thai Nippon Steel in 2025, further strengthening its track record in offshore oil and gas power solutions.
Separately, Swift Energy received two repeat orders from Cummins Sales and Service for the supply of 34 neutral earthing resistors for a local data centre. Deliveries are scheduled for completion by December 2026 and January 2027.
The contracts raise the group's total systems secured this year to 51, providing stronger earnings visibility going forward.
Chief executive director Tan Bin Chee said the latest contract awards reflect customers' continued confidence in Swift Energy's engineering expertise and execution capabilities.
"The PTTEP Bundle Phase 4 award is especially significant as it demonstrates our ability to consistently deliver high-quality solutions for complex offshore applications.
“Securing another bundle project following the successful completion of Bundle Phase 3 is a testament to the trust we have built with our customers through our proven track record," he said.
Tan said that the combination of overseas contract wins and repeat domestic orders highlights the Group's growing market presence across multiple industries.
"With RM148mil in orders secured year-to-date, we have built a healthy order book that provides strong revenue visibility going forward. At the same time, the repeat orders from the data centre segment reflect the increasing demand for our specialised electrical solutions beyond the traditional oil and gas sector.”
