TOKYO, Jan 28, 2022 - (JCN Newswire) - Fujitsu Limited today announced the decision to establish a new organization to strengthen its governance of AI ethics.

Building and maintaining trust remains central to all of Fujitsu's business activities, forming the basis of its Purpose--"to make the world more sustainable by building trust in society through innovation." To realize the vision of a sustainable world through its global business brand "FUJITSU Uvance" which focuses on the solution of social issues, both services and technologies as well as trust in the Fujitsu Group will play an essential role.

In March 2019, Fujitsu formulated the "Fujitsu Group AI Commitment" to create greater value for customers and society while honoring its promise to deliver safe, secure, and transparent AI technology. With this commitment as a point of departure, in September 2019 Fujitsu further established the "Fujitsu Group External Advisory Committee on AI Ethics" to ensure an objective evaluation of Fujitsu's AI ethics framework by an impartial third party. Since then, Fujitsu has continuously and proactively worked to enhance its corporate governance to enforce the principles of ethical AI.

On February 1, Fujitsu will newly establish the "AI Ethics and Governance Office" (Head: Junichi Arahori) to accelerate the safe and secure deployment of leading-edge technologies including artificial intelligence (AI) and other machine learning applications in society.

This marks the next step in Fujitsu's ongoing efforts to strengthen and enforce comprehensive, company-wide measures to achieve robust AI ethics governance based on international best-practices, policies, and legal frameworks. The new office will focus on implementing measures to actively promote ethics related to the research, development, and implementation of advanced technologies.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comFujitsu Limited today announced the decision to establish a new organization to strengthen its governance of AI ethics.

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TOKYO, Jan 27, 2022 - (JCN Newswire) - Hitachi, Ltd. (TSE: 6501, "Hitachi") and Hitachi Industrial Equipment Systems Co., Ltd. ("Hitachi Industrial Equipment Systems") today announced that they have been accelerating the global development of the line building business leveraging industrial robots ("the robotic SI(1) business") and will establish Hitachi Automation, Ltd. ("Hitachi Automation") on April 1, 2022, by reorganizing and integrating the operations and resources within group companies, with the aim of reinforcing the robotic SI business in Japan and ASEAN countries.
Specifically, the robotic SI business involving assembly and conveyor lines for all kinds of manufacturers will be transferred from Hitachi Industrial Equipment Systems, a Hitachi subsidiary to KEC Corporation ("KEC"), a Hitachi Industrial Equipment Systems subsidiary handling robotic SI business mainly in the automobile industry through a company split, while transferring shares of KEC's stock from Hitachi Industrial Equipment Systems to Hitachi's Industry & Distribution Business Unit and changing the tradename at the same time.

For the past few years, Hitachi's Industry Sector has been reinforcing the robotic SI business through Hitachi Industrial Equipment Systems' acquisition of KEC(2) and Hitachi's Industry & Distribution Business Unit's acquisition of JR Automation(3) and Kyoto Robotics Corporation ("Kyoto Robotics").(4) Now by integrating the robotic SI business into Hitachi's Industry & Distribution Business Unit through this reorganization, Hitachi will provide solutions fused with digital technologies while expanding its ability to provide full turnkey solutions in collaboration with JR Automation. Under the new structure, it will contribute to increasing the value of the customer's business by providing one-stop solution with OT(5) centered on robotic SI and IT.

Moreover, the Hitachi Group aims to be a global leader in the robotic SI business based on JR Automation which is developing business mainly in North America and Europe, Hitachi Automation and Kyoto Robotics which will be developing business in Japan and ASEAN countries.

Background

In manufacturing fields in recent years, there has been rapidly growing demand for the automation of workplaces using robots reflecting labor shortage due to the declining birthrate, the aging population, the decrease of the working-age population, and the COVID-19 pandemic. In response to the rapidly changing markets, there has also been an acceleration of digital transformation (DX) leveraging advanced technologies with the goal of creating new value.

Business strategies of the Hitachi's Industry Sector

The basic policy of the Hitachi's Industry Sector is to globally develop "Total Seamless Solutions" that solve "boundary" issues that exist between management, workplaces and supply chain to create new value for businesses leveraging Lumada(6) and Hitachi's combination of OT, IT and products.

At the same time, the need for automation using robots in workplaces is increasing. The field of robotic SI, which involves a massive amount of data, is playing a central role in connecting management and workplaces to achieve overall optimization. In this environment, through the acquisition of KEC and U.S.-based JR Automation in 2019, and the acquisition of Kyoto Robotics in 2021, Hitachi is globally expanding and strengthening its capabilities in the robotic SI field.

With the goal of increasing its competitiveness in the robotic SI business in Japan and ASEAN countries, Hitachi has decided to integrate its robotic SI business resources into Hitachi Automation.

Objectives of the establishment of Hitachi Automation

KEC has developed the robotic SI business for automobiles and other manufacturing workplaces mainly for Japanese companies in Japan, South Korea, China, the U.S. and India since its foundation in 1981. It has proprietary knowledge of robotic SI technologies, especially in welding processes. Hitachi Industrial Equipment Systems develops the robotic SI business centering on assembly and conveyor processes in a wide range of business categories leveraging its control technologies, such as connected products.

By achieving the following objectives of this business reorganization and integration, the Hitachi Group aims to be a global leader in the robotic SI business through this reinforcement and expansion of the business:

1. Integrate resources including the robotic SI technical capabilities, expertise and customer bases of KEC and Hitachi Industrial Equipment Systems and reinforce the foundation of the business by expanding their front engineering functions.
2. Expand Hitachi Automation's capabilities to provide full turnkey solutions in line building in Japan and ASEAN countries through a partnership with JR Automation that has knowledge and advantages in a wide range of industries and line of robotic SI and provides full turnkey solutions in line building, from upstream proposal, design and manufacturing through to construction in the U.S., Europe and ASEAN countries.
3. By placing Hitachi Automation under Hitachi's Industry & Distribution Business Unit, accelerate the fusion between digital solutions analyzing and optimizing data leveraging Lumada handled by the Business Unit and robotic SI which involves a massive amount of data from workplaces. This will enable Hitachi to provide "Total Seamless Solutions" for overall optimization by digitally connecting manufacturing workplaces and management which have become more and more intelligent to contribute to increasing the value of the customer's business.

Statement by Kazunobu Morita, Vice President and Executive Officer, CEO of the Industry & Distribution Business Unit, Hitachi, Ltd.

"The needs for automation have been increasing rapidly in the manufacturing industry due to a shortage of labor, the retirement of highly skilled workers and a decrease in production engineers. Against this backdrop, Hitachi has focused on the reinforcement of its robotic SI business through mergers and acquisitions in Japan and in the U.S. over the past few years.

I am confident that Hitachi Automation, which will be established by reorganizing and integrating the resources of the group, will contribute to solutions to the problems faced by customers in manufacturing industries in Japan and ASEAN countries. In the future, we will provide 'Total Seamless Solutions' that maximize business value from the customer's management perspective by combining robotic SI with Hitachi's products, OT, IT and Lumada which utilizes advanced digital technology, and by realizing cyber-physical system as linking cyberspace and real space, thereby contributing to the improvement of social, environmental and economic value."

(1) SI: Systems Integration
(2) Hitachi Industrial Equipment Systems Co., Ltd. news release titled "Hitachi Industrial Equipment Systems Entered into Agreement to Acquire KEC, Robotic System Integrator" announced on March 22, 2019.
(3) Hitachi, Ltd. news release titled "Hitachi Agrees to Acquire JR Automation, a Robotic System Integrator in the US" announced on April 24, 2019.
(4) Hitachi, Ltd. news release titled "Hitachi Acquires Kyoto Robotics, a Start-up Developing Intelligent Robotic Systems" announced on April 8, 2021.
(5) OT: Operational Technologies
(6) Lumada: General name of solution service technology using Hitachi's advanced digital technology to generate value from customer data and accelerate digital innovation

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

About Hitachi Industrial Equipment Systems Co., Ltd.

Hitachi Industrial Equipment Systems Co., Ltd. headquartered in Tokyo, Japan, is a subsidiary of Hitachi, Ltd., and is engaged in the manufacturing, sales and services of industrial components and equipment. The company offers various industrial products including motors, factory automation/control systems, wind/water systems, pneumatic systems, power distribution, environmental systems and labor-saving systems. For more information, visit https://www.hitachi-ies.co.jp/english.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi, Ltd. and Hitachi Industrial Equipment Systems Co., Ltd. today announced that they have been accelerating the global development of the line building business leveraging industrial robots and will establish Hitachi Automation, Ltd. on April 1, 2022.

SUNRISE, FL, Jan 27, 2022 - (ACN Newswire) - NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its licensed Longroot digital token offering platform will serve as the financial advisor and underwriter for Ample Health's ('Ample') proposed security token offering (STO).

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. The company is looking to use the proceeds from its STO to fund its development and global expansion.

Longroot will be responsible for structuring the offering and raising the initial capital to fund the STO. This will involve developing the registration statements for all relevant jurisdictions, including preliminary and final prospectuses. It intends to lead Ample through the entire regulatory approval process, and then assist in the pricing and launching the STO through the Longroot portal.

"This Ample Health STO represents a tremendous opportunity for us to represent a major client in the fast-growing global cannabis space," commented Todd Bonner, director of Longroot (Thailand) Limited and chairman of NextPlay Technologies. "Once complete, we believe it will represent the first of many successful STOs for Longroot that we are currently advancing in our pipeline."

Ample Health looks to take advantage of the global cannabis market which is projected to grow at a 32% compounded annual growth rate from $28.3 billion in 2021 to $197.74 billion by 2028, according to Fortune Business Insights.

Akira Wongwan, CEO and co-founder of Ample Health, commented: "We selected Longroot to lead our STO due to its experienced management and well-established presence in the digital offering marketplace, as well as its Thai federal government licensing and oversight. Together, we believe this will ensure a highly-successful STO and the launch of our global cannabis platform."

The proposed offering targets to raise between USD $100-250 million. Longroot will receive a management and placement fee on the proceeds raised due immediately upon closing of the offering, which is expected to occur by the summer of 2022.

Disclaimer

The information included in the press release is for informational purposes only. It is not intended to be, nor should it be construed as, an offer or solicitation for the purchase or sale of any financial instrument, security or digital currency, or as an official confirmation of any transaction. All market information, data and other information included herein are not guaranteed as to completeness or accuracy and are subject to change without notice.

This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Ample Health and will contain detailed information about the company and management, as well as financial statements.

About Ample Health

Ample Health is an emerging cannabis company operating from seed to sale in Southeast Asia. It is focused on bringing synergy between growers, extractors, retailers and regulators, to help them compete in the domestic and international cannabis market and creating a fair and sustainable industry for all.

About Longroot

Authorized and regulated under global-leading Thai federal digital asset business law and licensed by the Securities & Exchange Commission of Thailand, Longroot (Thailand) Limited provides fully regulated and licensed digital asset financing and investment services for digital assets. Longroot is focused on creating regulated cryptocurrencies used in wholesale travel, real estate and hotels, gaming assets, insurance and digital advertising. As a Thailand-based corporation, Longroot is indirectly controlled by NextPlay Technologies. For more information, go to longroot.co.th.

About NextPlay Technologies

NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay's engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. For more information about NextPlay Technologies, visit www.nextplaytechnologies.com and follow us on Twitter @NextPlayTech and LinkedIn.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "intends," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Factors that may cause such a difference include risks and uncertainties including, and not limited to, our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; current regulation governing digital currency activity is often unclear and is evolving; the future development and growth of digital currencies are subject to a variety of factors that are difficult to predict and evaluate, many of which are out of our control; the value of digital currency is volatile; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; our revenues and results of operations being subject to the ability of our distributors and partners to integrate our alternative lodging rental (ALR) properties with their websites, and the timing of such integrations; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; our travel business depends substantially on property owners and managers renewing their listings; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank International (formerly IFEB); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by NextPlay are detailed from time to time in NextPlay's periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings "Risk Factors". These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

SOURCE: NextPlay Technologies, Inc.

Company Contacts:
NextPlay Technologies, Inc.
Richard Marshall
Director of Corporate Development
Tel: (954) 888-9779
Email: [email protected]

Ample Health
Akira Wongwan
Founder
Tel: 0869778788
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comNextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its licensed Longroot digital token offering platform will serve as the financial advisor and underwriter for Ample Health's ('Ample') proposed security token offering (STO).

BANGKOK, Jan 27, 2022 - (ACN Newswire) - Civil Engineering PCL (SET: CIVIL), Thailand's leading integrated construction and civil engineering firm, made a debut on the Stock Exchange of Thailand on Thursday, 27 January, with the 'CIVIL' symbol. Its launch is marked by operations which are capable of achieving net profit margins above the industry average.
That capability is resulting from the company's focus on employing technology to raise efficiency in managing diverse construction projects both in terms of types and sizes; delivering quality and safe works within the specified budget.

CIVIL is also aggressively pursuing public and private projects, along with increasing revenues from its production and distribution of construction materials on its pathway to become a leading construction company with sustainable growth while driving the Thai economy and society.

Piyadit Atsavasirisuk, Chief Executive Officer of CIVIL, expressed confidence that CIVIL's shares would receive enthusiastic response on the first trading, backed by the company's track record dating back to over 50 years with over 1,000 large-scale construction projects and major infrastructure schemes being successfully executed.

CIVIL's experience and expertise are in railway works, double-track railways and high-speed trains; airports; dams and reservoirs; Industrial estates; and other infrastructure construction which aims to use modern technology and innovations to increase business efficiency.

The company has also leveraged of its competitive advantages in terms of civil engineering personnel, machinery and equipment and its own manufacturing plants of building material parts. Those elements have allowed CIVIL to manage project construction costs efficiently, providing quality works within the set budget.

The company has therefore earned the trust from government agencies as a top-rank contractor to underscore its ability to manage large infrastructure projects. CIVIL has planned to introduce modern technology, new methods, modern machinery and tools to constantly take its construction project management to the next levels.

The company is striving to achieve the 'Economy of Speed' by employing technology to plan the construction projects from start to finish, as well as adopting modern management principles emphasizing on agility and resilience to adapt to the changing industry.

That will enable CIVIL to increase its capabilities to support the government's large-scale infrastructure construction expansion plans, in the forms of bidding for projects, participating in public-private investment projects (PPP), and forming business partnership to manage large government projects and expanding works to private clients.

These plans are geared towards capturing opportunities arising from the country's growing construction industry, striking a balance between construction business and construction project management conducive to generating good returns in terms of gross profit and net profit margin that is consistently outstanding.

At the same time, CIVIL has also applied technology to its plants that make precast concrete, ready mix concrete, asphaltic concrete, pre-stressed concrete and corrugated steel railings (for road-side car barriers) and sewers. This is all about creating good growth for the business group producing and selling construction materials for distribution to business partners and for managing construction projects.

Meanwhile, the company has had its mining concession of limestone, which is the main raw material for construction and cement making, renewed - a move that has enabled CIVIL to maintain good cost management advantages in construction projects.

Piyadit said: "We aim to become a leading construction company with sustainable growth, by applying modern technology to enhance the operational potential in all dimensions to support the management of large-scale state infrastructure projects and private works. We are committed to delivering valuable and safe works under the specified budget to improve people's quality of life, advancing Thai economy and society."

Pichet Sithiamnuai, President of Bualuang Securities PCL, as a financial advisor and underwriter of CIVIL, noted that CIVIL has high growth potential with investment opportunities in the public sector's transportation infrastructure that is in a good growth stage.

This allows the company to tap its outstanding competitive advantages from using technology to enhance project management efficiency, creating an opportunity to participate in public construction projects and expanding its footprints on private schemes.

"All in all, this will enable CIVIL to maintaining the ability to generate good returns from operations. We believe that CIVIL deserves the status of a growth stock that will definitely receive a good response from investors," said Pichet.

Visit Civil Engineering PCL (SET: CIVIL) at https://www.civilengineering.co.th/en
Released for Civil Engineering PCL by MT Multimedia Co Ltd
Phipop Khongwong (Top), T: +66-81-929-8864; E: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCivil Engineering PCL, Thailand's leading integrated construction and civil engineering firm, made a debut on the Stock Exchange of Thailand on Thursday (27 January) with the 'CIVIL' symbol.

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BANGI, Malaysia, Jan 26, 2022 - (ACN Newswire) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax (PAT) performance, with an increase of RM18.8 million for the said quarter to RM19.6 million, compared to RM0.80 million registered for the corresponding quarter (Q3FY2021) due to higher revenues and managed costs.

For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.

For the nine months of the financial year ended 31 March 2022 (9MFY2022), the Company recorded 2,656% higher PAT of RM44.1 million compared to the corresponding period of the previous financial year of RM1.6 million (9MFY2021). PBT for 9MFY2022 stood at RM47.5 million, which is 2,694% higher than the PBT of RM1.7 million while revenue is 96.3% higher at RM164.9 million compared to RM84.0 million of the corresponding period.

Genetec highlighted in their announcement, "We continue to progress with our plans. Earlier this month we concluded our Bonus Issue exercise announced on 25 October 2021 with the listing of the new issue of securities or 629,503,200 bonus shares (effective 11 January 2022) on the ACE Market of Bursa Malaysia Securities Berhad. In addition to rewarding our existing shareholders and improving share liquidity, we hope to encourage greater local retail participation.

Looking ahead, we continue to build on the electric vehicle (EV) and energy storage division and expect it to remain a significant and growing contributor to our overall performance. This growth will be driven by regional and worldwide demand as countries and businesses step up their efforts towards achieving the zero-emissions target set for 2050. Industries immediately impacting our business are those in transport and energy, both retail and industrial, as everything from day-to-day energy needs for both retail and commercial, heavy industry vehicles and machinery, public transport to e-scooters turn electric."

Genetec also cited The Economic Intelligence's 'Automotive in 2022' research report outlook for global sales of new vehicles that is expected to rise by 7.5% in 2022, surpassing 2019 levels. Prospects for the global sales of new EVs will continue to soar, rising by 51%, with Asia and North America leading the recovery. Whilst new emission rules will force transport vehicle makers and businesses to make far-reaching decisions about their energy sources and fossil-fuel models, this shift is also well supported by the growing number of policies to incentivise greater efforts towards renewable energy vehicles and generation. On a corresponding topic, Nasdaq expects energy storage to potentially emerge as the hottest market of 2022 as the trends advance over the course of the year.

Building on the momentum gained, Genetec's 11 January 2022 announcement of their Memorandum of Understanding (MoU) with Thailand-based Asia Precision Public Company Limited (APCS) signals the Company's efforts to diversify its client base and growth strategy through greater exposure to the Thai and ASEAN markets. Plans are in the works to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for energy storage system (ESS) in Thailand. The study will include but will not be limited to the economic, financial, technical, and legal feasibility for the most appropriate structure and details of the project.

Genetec concluded, "We continue to remain cautiously optimistic but vigilant as businesses and economies continue their fragile recovery after being battered down over the two-year pandemic. Adoption of technologies and automation across different industries are expected to continue as businesses seek greener solutions, to greater efficiencies and reliability in their production lines. The knock-on effect of technology adoption is the demand for storage, data, and intelligence, which will drive the potential of the global hard disk drive (HDD) market. Genetec expects growth for the segment to continue by 5.11% for the period of 2021 to 2026 due to data storage requirements, the booming laptop market and digitalisation."

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTechnology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022).

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