While G3 and Green Packet are both involved in IoT, Puan stresses that there is no duplication of resources and unhealthy competition between the two companies.
Instead, there is a potential to become “extremely synergistic” as Green Packet is principally involved in connectivity devices and communications, while Atilze is an IOT services solution provider with an IOT platform.
“We can imagine lots of opportunities for Green Packet to support G3 by providing IoT devices and hardware. We are also building a big data collection and analytic platform (software) that connects multiple IoT devices,” he explains.
For instance, the connected car platform will have the capability to collect data on engine condition and driving behaviour, which will be very useful for the auto and insurance industries.
“It can even provide predictive maintenance, using real-time diagnostics, for the car. Car buyers would have an app that alerts them of car engine problems. These are precursors to autonomous cars,” he says.
Besides connected vehicles, Atilze focuses on another two main areas: smart city (including smart township, smart building and smart home) and smart agriculture.
“Imagine, millions of objects will be connected with microsensors. It is no wonder that the International Data Corp (IDC) forecasts the industry will be worth a mind-blowing US$1.7 trillion by 2020. Now, it is up to industry players like Atilze to explore and create value for end users to enable a digital lifestyle like never before,” says Puan. 19/10/2017 08:37
Since its diversification into the ICT space, G3 has inked distribution partnership agreement with Gemtek, and collaborated with Cyberview Sdn Bhd to build Cyberjaya as the first Smart City in Southeast Asia.
Puan said G3 is expanding its business via diversification and has strong support from its two new strategic shareholders, Green Packet Bhd and Taiwan-listed Internet of things (IoT) player, Gemtek Technology Corp.
Don't worry major shareholders not selling. Corporate restructuring in the offering. TP 1.50 intact. Maybe a dip but expected to bounce back to 98 cent resistance.
will release new Internet-of-things (IoT) products for the South-East Asian market in the second half of 2018 to tap into the IT market.
Group executive director Lim Boon Hong told StarBiz that the IoT products came in the form of sensor hubs with embedded systems that can be used for smart farming to transmit data from any sensors to remote servers via various connectivity options such as LoRa, NB-IOT and 4G. “The product will help farmers increase agricultural yields and optimise resources for smart farming,” he added.
“Another IoT product is the Connected ADAS (Advance Driver Assistance Systems) solution, which provides continuous monitoring of vehicles and its surroundings, automatically alerting drivers when dangerous conditions are detected.
“Through this early warning system, drivers would be able to immediately take corrective actions to prevent collisions and accidents, thus reducing loss of lives and assets,” Lim said.
According to Lim, these new IoT products are now on a trial run by customers and will be launched in the second half of the year, targeting mainly customers in the South-East Asian market, as well as other parts of the world. “The IoT business should contribute to our revenue in the second half of 2018, which we expect to be the group’s key driver in the future.
“The IoT segment is not a capital-intensive industry. So far, we have invested more than RM5mil in designing and developing the IoT platform. The group is also developing IoT-related prototypes and minimum viable products for specific industry needs and use case,” Lim said.
On G3 Global’s apparel business, Lim said the industry was still facing challenges due to the slow market conditions in the country that have resulted in weakening consumer confidence.
“Rising prices for food and essential items have driven up the cost of living. Consumers are cautious in their spending habits, giving priority to essential items such as food, school expenses over apparel products.
“We are taking measures to lower operating cost and find the best approach to turn around the business.
“Our investment in the IoT business is in its gestation phase,” Lim said.
acquired a 32% stake in G3 Global, establishing its venture into the ICT business, specialising in IoT solutions with end-to-end delivery of connected devices, IoT networks and data-driven applications.
AFTERNOON SESSION continue to monitor G3 GLOBAL; GPACKET & GPACKET-WB.
I PREFER GPACKET-WB as the mother is trading at the warrant conversion price.
With the outcome of our PM visit to China especially to SENSETIME LTD, a GLOBAL leader in AI (Artificial intelligence) with a dialogue session to try to entice them & other Chinese AI firms to set up their business most probably in the yet to be opened AI PARK to be developed by G3 GLOBAL and their Chinese counterparts.
PM Mahathir has also a passion for AI & IT.
GPACKET which has a 32% stake in G3 GLOBAL should benefit from this euphoria.
I BELIEVE THE RUN UP IN G3 GLOBAL & GPACKET SHOULD CONTINUE TO RALLY IN THE COMING DAYS.
G3 GLOBAL Puzzling run up probably due to the hype on AI (Artificial Intelligence) & PM Mahathir current visit to China including a visit & discussion with SENSETIME GLOBAL LTD; a market leader in AI.
G3 is in collabaration with Chinese firms to set up US1 billion AI park in Malaysia
However, interestingly the rise in price was on low volume.
Will it be another DWL???!!! CAN DWL HIT LIMIT UP TODAY? YET TO BR SEEN Perhaps the news articles below dated 10 & 11 Apr can shed some light :-
He will also visit Sensetime Ltd, a global leader of Artificial Intelligence (AI) technology and hold a dialogue session with China's captains of industry as well as the private sector to try to entice them into investing in Malaysia.
G3 GLOBAL Puzzling run up probably due to the hype on AI (Artificial Intelligence) & PM Mahathir current visit to China including a visit & discussion with SENSETIME GLOBAL LTD; a market leader in AI.
G3 is in collabaration with Chinese firms to set up US1 billion AI park in Malaysia
However, interestingly the rise in price was on low volume.
Will it be another DWL???!!! CAN DWL HIT LIMIT UP TODAY? YET TO BR SEEN Perhaps the news articles below dated 10 & 11 Apr can shed some light :-
He will also visit Sensetime Ltd, a global leader of Artificial Intelligence (AI) technology and hold a dialogue session with China's captains of industry as well as the private sector to try to entice them into investing in Malaysia.
Really surprised that Green Packet, being a 32% shareholder in G3, is nowhere experiencing the kind of upward price movement of G3, which hit limit up yesterday. Is the market missing something or simply slow to react?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lillie
12 posts
Posted by lillie > 2017-08-23 14:54 | Report Abuse
nice...