BLACK GROUP ANNOUNCES SGD$100M STRATEGIC INVESTMENT IN MALAYSIA TO ESTABLISH GROUNDBREAKING MEDICAL AND HOSPITALITY FACILITY FOCUSED ON ANTI-AGING, REJUVENATION AND CELL THERAPY

[from left] Tan Zi Jing (Chief Executive Officer of Black Group Investment Holding), Dato’ Sri Alan Lee (Chief Investment Officer of Black Group Investment Holding), Datin Sri Cynthia Wang (Chief Executive Officer of Black Diamond), Victor Tan (Shareholder, Black Group)

KUALA LUMPUR, Malaysia, Feb 28 (Bernama) -- Black Group Investment Holding (Black Group), a Singapore-based investment firm, has announced an SGD$100 million investment to acquire and develop a state-of-the-art medical and hospitality facility (known as Meditel) in the heart of Malaysia's vibrant Golden Triangle region in central Kuala Lumpur. This pioneering facility will be dedicated to anti-aging, rejuvenation and advanced cell therapy treatments, featuring a specialised cell banking lab and the latest in regenerative medicine technologies.

The facility will utilise Black Group’s existing IPs in cutting-edge biotech sciences with luxurious hospitality offerings, establishing it as a premier destination for individuals seeking innovative treatments to enhance vitality and longevity. This investment reflects Black Group’s strategic vision to develop a unique asset in the rapidly growing wellness market, particularly within the Southeast Asia region.

“We are excited to acquire and develop this transformative facility in the iconic Golden Triangle of Kuala Lumpur, an area known for its prime location, infrastructure, and status as a commercial and cultural hub,” said Dato Sri Alan Lee, Chief Investment Officer of Black Group. “By integrating advanced anti-aging therapies, regenerative medicine, and cell therapy with world-class hospitality, we aim to create an unparalleled wellness destination that will attract international clients and contribute to Malaysia's growing prominence in the global medical tourism industry.”

The new facility will offer a state-of-the-art Cell Therapy and Cell Banking Lab for storing and preserving stem cells, providing stem cell-based treatments and regenerative therapies for anti-aging and rejuvenation. It will feature a range of world-class treatments, including skin rejuvenation, and other regenerative medicine solutions tailored to combat aging. The facility will also provide luxury hospitality and wellness services, such as spa treatments, fitness programs, nutritious dining, and holistic therapies. Additionally, it will incorporate the latest medical technologies and equipment to deliver personalized care at the highest standard, with a holistic focus on mental, emotional, and physical well-being for a balanced approach to rejuvenation.

The acquisition of the facility in the Golden Triangle region places the project in one of Kuala Lumpur’s most prestigious and easily accessible areas. The strategic location will not only attract affluent local and international clients but also offer a central hub for medical tourism in Malaysia, benefiting from Kuala Lumpur’s world-class infrastructure and growing reputation as a wellness and healthcare destination.

“Our investment in this prime location within the Golden Triangle will ensure the facility’s prominence in the market,” added Dato Sri Alan Lee. “This project aligns with our vision of investing in forward-thinking solutions while contributing to Malaysia’s economic development and international standing in the wellness sector.”

Last month, Black Group announced the acquisition of Black Diamond Asset Management Sdn Bhd, a Malaysian company with deep understanding of the local property market. This acquisition will propel Black Group in its expansion plans into Malaysia, with a dual focus on acquiring real estate assets and advancing its presence in the growing biotech sector.

Black Group is open to partnerships with local stakeholders and businesses in Malaysia who are keen to collaborate and help develop this exciting project further. The company invites potential partners in the region to explore opportunities for joint ventures, investment collaborations, and other strategic partnerships to maximize the success and impact of this facility.

For more information on the project or inquiries related to investment opportunities and potential partnerships, please visit www.blackgroupinvestment.com or contact zijing@blackgroupinvestment.com.

About Black Group Investment Holding
Black Group Investment Holding is an investment firm with a portfolio focusing on real estate, healthcare, wellness and sustainable ventures. The firm's mission is to build sustainable, high-quality assets that contribute to the well-being of communities and enhance investor value. With a strategic focus on high-growth sectors, Black Group seeks to create value through innovative, forward-thinking investments that align with emerging global trends. Leveraging a deep market understanding, strong deal-sourcing capabilities, and biotechnology expertise, the firm identifies and capitalises on opportunities that offer long-term growth.

For more information, please visit https://www.blackgroupinvestment.com/

SOURCE: Flame Communications

FOR MORE INFORMATION, PLEASE CONTACT:
Flame Communications
Name: Florence Fang
Tel: (65) 92769231
Email: Florence.fang@flamecomms.com

--BERNAMA

Nippon Kinzoku To Launch New Service In April, Fostering Customer Partnerships

KUALA LUMPUR, Feb 26 (Bernama) -- Nippon Kinzoku Co Ltd will open a "Trial Products & Consignment Processing Support Desk" service on April 1, with the aim of creating new partnerships with customers.

The company in a statement said it will also establish a dedicated "Production Process & Support Dept" to handle trial productions, samples, and consignment processing and will begin accepting enquiries.

This new service will leverage the company's expertise in rolling, forming, and welded drawn pipe technologies to assist customers with development and trial production needs. The service will be aimed at addressing the evolving demands of the market.

Key features of the service include a specialised department to assist with a range of consultation needs, utilising Nippon Kinzoku's research and development (R&D) facilities and extensive processing technology experience.

The company will also provide comprehensive support throughout the product development process, from initial concept to trial and eventual mass production. This end-to-end support ensures that customers receive continuous assistance as they progress through the stages of their projects.

In addition to these services, Nippon Kinzoku will offer consignment processing and specialised manufacturing services, including material rolling, heat treatments, various surface treatments, profile rolling, roll forming, and precision pipe forming, catering to complex and customised production needs.

To further support customers, the company will ensure the quick delivery of small-quantity samples and trial products. It will also expand its inventory to include more samples and small-lot stainless steel strips, providing prompt solutions for customers requiring minimal quantities.

Additionally, the company will revamp its website to include a new "Trial Production & Consignment Processing Support Desk" page on April 1. Customers are encouraged to consult with Nippon Kinzoku at any stage of their product development process for support in mass production.

-- BERNAMA

Mavenir Powers O2 Telefónica's Transition To Cloud-Native IMS

KUALA LUMPUR, Feb 27 (Bernama) -- Mavenir has announced the extension of its long-term partnership with Telefónica, signing a new five-year contract to transition O2 Telefónica Germany from Mavenir’s virtualised IMS (vIMS) to Cloud-Native IMS solution.

The multi-year contract extension covers both fixed and mobile IMS networks serving O2 Telefónica Germany’s entire subscriber base, according to Mavenir in a statement.

Mavenir Senior Regional Vice President of Southern Europe, Caribbean & Latin America, Antonio Correa said its partnership with Telefónica continues to set the pace for software-speed network evolution and the roll-out of advanced virtualised technologies.

He noted that the multi-year contract extension with O2 Telefónica Germany presents a unique opportunity to further enhance performance and services, driving innovation in connectivity and inclusion.

Meanwhile, O2 Telefónica Germany Director Networks, Matthias Sauder said Mavenir’s leadership in network functions virtualisation has transformed O2 Telefónica operations, and its Cloud-Native IMS will be key to the company’s network evolution as it explores new opportunities with artificial intelligence and automation.

Mavenir’s cloud-native, web-scale IMS platform offers a foundational technology for next-generation mobile networks, supporting voice over LTE (VoLTE) and voice over New Radio (VoNR) on a common IMS core and facilitating voice continuity between 4G and 5G.

The platform can be deployed on any cloud – public or private – and is based on stateless microservices, allowing operators to quickly innovate and launch new services.

In its recent independent Mobile Network Test 2025, industry trade journal connect rated O2 Telefónica Germany ‘very good’, which also reflects the high performance and service quality achieved with Mavenir’s vIMS solution.

-- BERNAMA

ENCORP RETURNS TO PROFITABILITY IN 2024 WITH RM3.4MIL NET PROFIT

KOTA DAMANSARA, Selangor, Feb 28 (Bernama) -- Encorp Berhad (“ENCORP” or “the Group”), a Main Market-listed property development and investment company, has reported a strong financial turnaround for the financial year ended 31 December 2024, posting a net profit of RM3.4 million compared to a net loss of RM8.5 million in the previous year.
For the full year 2024 performance, the Group recorded a profit before tax of RM6.1 million, marking a strong recovery from a loss of RM1.1 million in the corresponding period in 2023. This represents ENCORP’s first return to profitability since 2016.

ENCORP’s turnaround was mainly driven by a reversal of RM6.6 million in cost of sales provisions from prior years, accounting gains of RM2.1 million from fair value adjustments on investment properties and the reversal of inventory write-offs totalling RM1.8 million, all contributing positively to the bottom-line. Additionally, improved efficiencies from close monitoring, effective cost control measures and the successful execution of restructuring and rationalisation initiatives further strengthened the Group’s performance.

The Group is supported by stable revenue streams from its concession, rental income, construction and facilities management divisions. With operations backed by a solid net asset per share of RM1.06, ENCORP remains well-positioned to sustain growth and strengthen its financial resilience. Property development remains ENCORP’s largest revenue contributor at 51%, followed by concession income at 39.8%.

Commenting on the performance by ENCORP’s Group Chief Financial Officer and Officer-In-Charge, Kamarul Azman Bin Kamarozaman @ Amir, “ENCORP’s return to profitability reflects the strength of our strategic initiatives, disciplined cost management and operational efficiencies. This achievement would not have been possible without the steadfast support and guidance of our Board of Directors, whose leadership has been instrumental in steering the Group towards a stronger financial position.

In 2024, we have taken significant steps to enhance governance and strengthen our operational framework, ensuring greater transparency and efficiency across the organisation.

Moving forward, we remain committed to optimising our assets, expanding revenue streams and unlocking the full potential of our landbank. With a clear strategy in place, we are confident in delivering sustainable growth and long term value for our shareholders and stakeholders.”

ENCORP is also actively exploring several promising opportunities in the pipeline. A key priority for the Group’s property division this year is the development of Balau Residences in Kuantan, Pahang and Lamanda Chuping Phase 2 in Perlis. ENCORP is currently finalising project details and looks forward to unveiling more in due course.

About Encorp Berhad (ENCORP)
Listed on the Main Market of Bursa Malaysia (Ticker: ENCORP/6076), ENCORP is principally an investment-holding company. The Group is currently involved in three core businesses – property development, property investment and construction. Please visit encorp.com.my for more information.

SOURCE: Encorp Berhad (ENCORP)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Pauline S Lalung
Tel: 03 6286 7777
Email: pauline@encorp.com.my

--BERNAMA

JOHOR PLANTATIONS GROUP BREAKS NEW GROUND IN INNOVATION WITH AN INTEGRATED SUSTAINABLE PALM OIL COMPLEX

At the launch of the groundbreaking ceremony of the Integrated Sustainable Palm Oil Complex (iSPOC) at Pasir Logok Estate, Sedili [From left to right]: 1. Yang Berbahagia Tuan Haji Miswan bin Yunus, District Officer of Kota Tinggi, 2. Yang Berhormat Tuan Lee Ting Han, Chairman of The Johor State Investment, Trade, Consumer Affairs and Human Resource Committee, 3. Yang Berhormat Dato’ Zahari Bin Sarip, Chairman of The Johor Agriculture, Agro-Based Industries and Rural Development Committee, 4. Yang Berhormat Tan Sri Dato’ Dr. Haji Azmi Bin Rohani, State Secretary of Johor, 5. Yang Amat Berhormat Dato’ Onn Hafiz Bin Ghazi, Menteri Besar Johor, 6. Yang Berbahagia Tan Sri Dato’ Sri Dr. Ismail Bakar, Chairman of Johor Plantations Group Berhad, 7. Yang Berbahagia Datuk Syed Mohamed Syed Ibrahim, President and Chief Executive of Johor Corporation, 8. Yang Berusaha Encik Mohd Faris Adli Shukery, Managing Director of Johor Plantations Group Berhad, 9. Mr. Tatsuaki Hirosawa, Head of Oils and Fats Business, Fuji Oil Holdings

KOTA TINGGI, Feb 27 (Bernama) -- Johor Plantations Group Berhad (JPG) marked a historic milestone with the groundbreaking of the Integrated Sustainable Palm Oil Complex (iSPOC), located at the Group’s Pasir Logok estate in Sedili, here.
This groundbreaking signifies JPG's mission of becoming a next-generation integrated palm oil company, reinforcing its commitment to sustainability, innovation and responsible palm oil production. Through its role as a catalyst for economic growth in the state, iSPOC is one of the key enablers of realising the Maju Johor 2030 sustainable economic development.

“The iSPOC will play a significant role by driving job creation, stimulating economic activity, and cultivating a skilled workforce to support Johor’s industrial growth. This project demonstrates JPG’s leadership in sustainable palm oil and supports the State’s vision for the new economy. We congratulate the Johor Corporation Group and JPG for developing such an important project to strengthen Johor’s economy and drive its long-term growth and development,” said YAB Dato’ Onn Hafiz Ghazi, Menteri Besar of Johor in his speech at the groundbreaking ceremony.

Enhancing JPG’s value chain with long-term value creation

As one of the core projects of JPG’s 10-Year Roadmap, iSPOC is key to driving the Group’s strategic pillar of downstream expansion into specialty oils and fats production. This state-of-the-art integrated complex houses a specialty oils and fats refinery, a palm oil mill, a palm kernel plant, an animal feed mill and a research and development center.

The iSPOC stands out as the first facility of its kind to fully embrace a circular economy model. It maximises resource utilisation by generating renewable energy from the biomass and biogas produced as by-products of the palm oil mill. This innovative approach aligns perfectly with JPG’s goals for carbon emission reduction and also reinforces Johor’s broader commitment to sustainable and responsible business practices.

Through a joint venture with Fuji Oil Asia Pte. Ltd. (Fuji Oil), JPG Fuji Sdn Bhd (JPG Fuji) was established to develop the refinery, with JPG holding a 51% stake and Fuji Oil the remaining 49%. This partnership leverages Fuji Oil’s extensive expertise in the specialty fats market while securing off-takers for iSPOC’s products. The iSPOC is projected to drive exponential growth for JPG by expanding its downstream product portfolio and improving margins through consolidated manufacturing.

Positively impacting the local community through upskilling and economic empowerment

The project is poised to act as a catalyst for socioeconomic development in Sedili, bringing investment and economic opportunities to the district and local communities. The project is expected to generate 250 direct job opportunities, with a strong focus on developing local talents as well as multiplying effects for other job opportunities arising from the iSPOC. Furthermore, iSPOC will build on the success of JPG’s Smallholder Inclusion Programme, which currently benefits 289 smallholders in Johor, by improving access to RSPO certification and market opportunities.

The initiatives under iSPOC will also enhance local talent retention, drive research and development through the Centre of Excellence and develop key industries such as food production and green technologies.

“The iSPOC marks a defining moment in JPG’s transformation. By integrating sustainability and innovation, we strengthen our business, set industry benchmarks and drive long-term value for stakeholders. iSPOC embodies our commitment to producing sustainable essentials for mankind, empowering communities and solidifying Johor’s leadership in agribusiness,” said Tan Sri Dato’ Sri Dr. Ismail Bakar, Chairman of Johor Plantations Group.

Scheduled for commissioning in the third quarter of 2026, iSPOC is expected to be a cornerstone of Johor’s economic and environmental sustainability efforts as well as supporting Malaysia’s Environmental, Social, and Governance (ESG) agenda.

About Johor Plantations Group Berhad

Established in 1978, Johor Plantations Group Berhad (JPG), is a subsidiary of Kulim (Malaysia) Berhad, which in turn is a wholly owned subsidiary of Johor Corporation (JCorp). JPG is principally involved in the production of crude palm oil and palm kernels. It primarily owns, manages, and cultivates oil palms and harvests fresh fruit bunches produced on the plantation estates that it owns or rents in Malaysia, primarily in the state of Johor. The subsidiaries of JPG are principally involved in the production of palm oil and palm kernels, production of biomethane, dealer of agricultural machinery and parts for plantation use, sales of oil palm seedlings and other plantation products and services, provision of training and safety-related services along with the supply of safety products and refining of oil palm and trading of palm oil products. JPG was listed on the main market of Bursa Malaysia on 9 July 2024.

For more information, please visit www.johorplantations.com

SOURCE: Johor Plantations Group Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Johor Plantations Group Berhad
Name: Dalilah Ibrahim
Head of Corporate Communication
Tel: 012-328 1727
Email: dalilah@johorplantations.com

Perspective Strategies Sdn Bhd
Name: Amiruddin Azran
Tel: 011-1145 2867
Email: amiruddin.azran@perspective.com.my

--BERNAMA

PETRONAS AND ENI TO EXPLORE COMBINING INTERESTS INTO NEW JOINT VENTURE

KUALA LUMPUR, Feb 27 (Bernama) -- PETRONAS and Eni have announced an exclusive Memorandum of Understanding (MoU) to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia.

Both companies believe that this joint venture will create significant opportunities for growth, both in Malaysia and Indonesia, and is expected to generate substantial synergies towards becoming a major LNG player in the region, while delivering in the medium term, a sustainable 500 kboepd production. The joint venture will combine approximately 3 billion boe of reserves with an additional 10 billion boe of potential exploration upside.

The joint venture will focus on investing in new gas development projects, reflecting the companies’ commitment to energy transition and supporting the increasing regional domestic gas demand. A comprehensive business plan will be developed to capture future opportunities in exploration, development, and potential portfolio growth.

Under this arrangement, the assets will retain their current operational structure, with a focus on HSE, project delivery and efficiency, while both companies continue to uphold their social investment commitments. The new company will leverage the competencies and financial capabilities of both PETRONAS and Eni and is expected to raise external financing on a standalone basis.

PETRONAS and Eni aim to ensure stability in production for Malaysian assets while supporting timely new developments in Indonesia.

Both PETRONAS and Eni have informed the Indonesian and Malaysian governments of their intentions. Any final transaction will be subject to relevant governmental, regulatory, and partner approvals.

Issued by:

Media Communications
Group Strategic Relations and Communications
PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Janette Boniface Barau
Tel: +6012 890 0241
Email: janette.barau@petronas.com.my

Name: Hana Nazsulaeeqa Harun
Tel: +6010 4553 378
Email: hananazsulaeeqa.haru@petronas.com.my

--BERNAMA

Multiply Group To Acquire Majority Stake In Tendam, Expanding Into European Retail And Apparel Sector

 

KUALA LUMPUR, Feb 26 (Bernama) -- Multiply Group PJSC, the Abu Dhabi-based investment holding company, has agreed to invest in Castellano Investments S.À R.L., securing a controlling 67.91 per cent stake in the company, which owns Tendam Brands S.A.U. and other subsidiaries.

This deal positions Multiply Group as the majority shareholder alongside minority investors Llano Holdings S.À R.L. and Arcadian Investments S.À R.L., according to a statement.

Multiply Group Chief Executive Officer and Managing Director, Samia Bouazza said this investment aligns with the group's goals of achieving double-digit earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth, expanding into the retail and apparel sector, and advancing its global expansion strategy.

Multiply Group will lead the next phase of growth for Tendam, geared towards further international expansion and development of the group’s omnichannel ecosystem. The transaction is subject to approval by the pertinent regulatory authorities.

Tendam is Spain’s second-largest apparel group by market share and one of Europe’s leading omnichannel apparel groups.

This move marks Multiply Group's first significant foray into Europe and the retail and apparel vertical, with Tendam as its anchor business, further deepening the group’s footprint in consumer-focused industries.

Since 2020, Tendam has delivered consistent growth quarter after quarter, consolidating its business model in key markets and growing its international footprint, reaching approximately 1.4 billion euros in sales at the end of January 2025. (1 Euro = RM4.63)

Tendam operates over 1,800 points of sale in nearly 80 countries, featuring 12 in-house brands and a wide range of third-party brands. The acquisition opens up opportunities for Multiply Group to tap into the global 1.3 trillion euros apparel retail market, propelling future growth prospects.

This acquisition is part of Multiply Group’s broader strategy to build new verticals and grow internationally, following its recent investments in Excellence Premier Investment, Media 247, BackLite Media, and The Grooming Company Holding.

Multiply Group's strong performance in 2024, driven by growth in its mobility, media, and beauty sectors, further reinforces its strategic expansion plans.

-- BERNAMA

LYONDELLBASELL, SIPCHEM SECURE FEEDSTOCK ALLOCATION FOR JOINT SAUDI PROJECT

KUALA LUMPUR, Feb 27 (Bernama) -- LyondellBasell (LYB), in collaboration with Sipchem, has secured a feedstock allocation from Saudi Arabia’s Ministry of Energy to support a joint feasibility study for a world-scale mixed-feed cracker complex combined with a diversified derivative portfolio.

LyondellBasell chief executive officer (CEO), Peter Vanacker emphasised the critical role of the feedstock allocation in advancing the collaboration and reiterated the company’s long-term commitment to the Kingdom’s expanding economy and innovation opportunities.

Meanwhile, Sipchem CEO, Abdullah Al-Saadoon expressed the strategic importance of the partnership for sustainable growth, aiming to strengthen both companies' global and local positions in the petrochemical market, and also acknowledged the Ministry of Energy’s support in enabling these shared goals.

According to a statement, the study will evaluate the viability and optimal structure for the project, which will be pursued on a 60 per cent Sipchem and 40 per cent LYB ownership basis.

The allocation lays the foundation for both parties to define the technical, financial and commercial configuration for the project. The joint project aims to produce petrochemical products and derivatives for both local and global markets, potentially creating thousands of jobs in Saudi Arabia.

With advantageous feedstocks, world-scale facilities, and proximity to key markets, the project is poised to generate significant value. The project will benefit from LYB’s technologies to produce differentiated grades of polyethylene and polypropylene, including the Catalloy product line of elastomeric polyolefins.

Both companies will also explore carbon management solutions, including low-emission technologies, aligning with their commitment to the Kingdom's net-zero goals.

-- BERNAMA

Hytera To Unveil 5G Mission-critical Smart Device At MWC25 Next Month

KUALA LUMPUR, Feb 25 (Bernama) -- Hytera Communications, a professional communications technologies and solutions global provider, will debut its latest innovation, the PNC660 5G mission-critical ruggedised smart device, at the Mobile World Congress (MWC25) in Barcelona from March 3 to 6.

Engineered to meet the rigorous demands of public safety and industrial users, the PNC660 integrates mission-critical communication capabilities with advanced multi-layered security features, ensuring low-latency, real-time communication to enhance situational awareness and decision-making in critical operations.

Hytera Product Director for Broadband Terminals, Wilson Gao in a statement, emphasised the growing demand for secure, efficient, and reliable communication as industries move toward 5G and smart technologies.

He explained that the PNC660 is built to keep teams connected and protect data in even the most demanding environments, underscoring the device’s dedication to productivity and safety.

Compliant with 3GPP standards, the PNC660 supports MCPTT, MCVideo, and MCData, offering seamless voice, video, and data communication and services. The device is equipped with a dedicated security chip, robust encryption, and key management to safeguard sensitive information.

Additional features include an APP widget, Smart Key & Secure Key functionality, dual Type-C interfaces, and a 5,000 milliampere-hour (mAh) battery with 33 watt (W) fast charging. With an IP68 rating for water and dust resistance, the PNC660 ensures reliable performance in all conditions.

Hytera invites public safety authorities, mobile network operators, system integrators, and mission-critical communication professionals and stakeholders to experience the PNC660  through hands-on demonstrations at MWC25.

Additionally, Hytera will host a webinar to unveil this next-generation mission-critical smart device.

-- BERNAMA

SME MALAYSIA HOSTS SUCCESSFUL BUSINESS TALK ON AI IN FINANCE AND E-INVOICING

YB Gobind Singh Deo (left 8) with guests of SME Business Talk on AI in Finance And E-Invoicing. From left Dr. Sasikala, Jamie Tan, Jason Wong, Camelia Loh, Saiful Izwan, Dr. Rasyidah, Desmond Anil, Chin Chee Seong, Datuk Ts. Fadzli, Boon Kim San, Miccele Siow, Datuk Ada Poon, Dennix Yeow, Tong Yoke Lean, Dr. Jennifer Ong. Empowering SME’s at The SME Business Talk Series By SME Malaysia

 Empowering SMEs with Digital Transformation, E-Invoicing, and New Business Opportunities

KUALA LUMPUR, Feb 26 (Bernama) -- The SME Association of Malaysia (SME Malaysia) successfully hosted the SME Business Talk Series: Empowering AI in Finance and E-Invoicing for SME Businesses yesterday at Menara AFFIN @ TRX. The event brought together over 300 business leaders, policymakers, and SME owners to explore the opportunities and challenges of AI and e-invoicing, and how SMEs can leverage digital transformation to drive growth, efficiency, and compliance.

Government’s Commitment to SME Digitalisation and E-Invoicing

The event was officiated by YB Tuan Gobind Singh Deo, Minister of Digital Malaysia, who highlighted the government’s commitment to accelerating digital adoption among SMEs, particularly in implementing e-invoicing as part of Malaysia’s digital tax and financial reform strategy.

“The digital economy is rapidly evolving, and SMEs must adapt to remain competitive. AI and e-invoicing will not only streamline business operations but also open new opportunities for growth. The government is committed to supporting SMEs in this transformation,” said YB Tuan Gobind Singh Deo.

With Phase 3 of e-invoicing implementation now mandatory, businesses must transition to digital invoicing to enhance tax compliance, reduce fraud, and improve financial efficiency.

Advancing SME Digitalisation – A Call to Action

Mr. Chin Chee Seong, National President of SME Malaysia, reinforced the urgency of digital transformation, urging SMEs to proactively integrate AI and e-invoicing into their financial and operational systems.

“SMEs are the backbone of our economy, and their digital transformation is key to Malaysia’s future growth. AI-driven solutions and e-invoicing will not only improve productivity and efficiency but also ensure compliance with evolving tax regulations and financial reporting requirements. Now is the time for SMEs to take action,” said Mr. Chin.

Unlocking Digital Opportunities for SMEs Through AI & E-Invoicing

The adoption of AI and e-invoicing presents SMEs with numerous benefits, including:
· E-Invoicing for Compliance & Efficiency – Automates invoice generation, submission, and tracking, ensuring seamless tax reporting and reduced administrative burden.
· Improved Financial Transparency – Ensures real-time visibility into financial transactions, reducing errors and fraud risks.
· New Business Models & Market Expansion – Digitalisation enables SMEs to leverage e-commerce, subscription-based services, and cross-border trade opportunities.
· Enhanced Customer & Supplier Relationships – Faster, automated invoicing reduces disputes and improves payment cycles, strengthening business relationships.

Expert Discussions on AI & E-Invoicing for SMEs

The event featured engaging discussions on how SMEs can implement AI and e-invoicing seamlessly while taking advantage of new digital opportunities.

1. Panel Discussion: Empowering SMEs Through Digitalisation & E-Invoicing

Moderated by Mr. S. Saravana Kumar, Partner at RDS Partnership, this session featured:
· Dr. Rasyidah Che Rosli, Director, E-Invoice Division, LHDN
· Encik Saiful Izwan, Director, National E-Invoicing & Standardisation, MDEC
· Mr. Jason Wong, Managing Director, iMocha Sdn. Bhd.

The panelists provided insights on the transition to mandatory e-invoicing, AI-driven financial solutions, and how SMEs can digitally future-proof their businesses.

2. Fireside Chat: Driving Malaysia’s Economic Growth Through AI & SME Digitalisation

Moderated by Mr. Chin Chee Seong, this discussion featured:
· Mr. Sam Majid, Head of the National AI Office, Ministry of Digital
· Mr. Jamie Tan, Managing Director, JLL Malaysia
· Mr. Ankur Jakhwal, Chief Executive Officer, Boost Connect

Speakers shared strategic insights on AI adoption, digital financial tools, and how SMEs can leverage government support to accelerate digitalisation and e-invoicing implementation.

Commitment to SME Growth, E-Invoicing, and Innovation

The SME Business Talk Series is a significant initiative in SME Malaysia’s mission to empower businesses with the knowledge, tools, and resources needed to thrive in an increasingly digital world.

“This event marks a critical step in guiding SMEs toward a future where AI, e-invoicing, and digital finance are the driving forces of success. SME Malaysia remains committed to advocating for policies, resources, and initiatives that will support SMEs in their journey towards digital transformation,” said Mr. Desmond Anil A/L Raymond Norbert, National Council Member of SME Malaysia and Organising Chairman of the event.

The success of the event underscores the need for continued collaboration, training, and engagement to ensure SMEs maximize the benefits of AI and e-invoicing while seizing new digital business opportunities.

About the SME Association of Malaysia
The SME Association of Malaysia (SME Malaysia) is the largest SME-focused organization in the country, established in 1995. SME Malaysia serves as a platform for advocacy, capacity-building, and business networking, helping SMEs grow through policy engagement, industry collaborations, and knowledge-sharing initiatives.

SOURCE: SME Association of Malaysia

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Ms. Eunice Leong
Tel: +603-8024 5737 / +6016-232 4135
Email: info@smemalaysia.org

--BERNAMA

CGC FUELS BUSINESS EXPANSION THROUGH NEWLY LAUNCHED GUARANTEE SCHEMES FOR MID-TIER COMPANIES

(L-R) Credit Guarantee Corporation Malaysia Berhad (CGC Malaysia) Azman Idrus Head Strategic Management, National President Small and Medium Enterprises Association Malaysia (SAMENTA) YBhg. Datuk William Ng, CGC Malaysia President & Chief Executive Officer Datuk Mohd Zamree Mohd Ishak, Council Member of Malaysian Consortium of Mid-Tier Companies (MTC) Ms. Faith Toh and CGC Malaysia Chief Business Officer Sean Tan at the Launch of Guarantee Schemes BizJamin-i and BizJamin MTC.

KUALA LUMPUR, Feb 26 (Bernama) -- Credit Guarantee Corporation Malaysia Berhad (CGC) yesterday marked a significant milestone in Malaysia’s financial landscape with the official launch of two new guarantee schemes aimed to assist Mid-Tier Companies (MTC) – BizJamin-i MTC and BizJamin MTC.

The guarantee schemes are designed to enhance capital accessibility for MTCs as they can now access financing guarantees of up to RM60 million accumulative per group, with a guarantee tenure of up to 15 years via Participating Financial Institutions (PFIs). Covering a broad spectrum of financing options, including Term Financing, Cash Line Facilities, and Trade Facilities, this initiative aims to address long-standing financing challenges faced by MTCs that often hinder business expansion.

The launch event, held at the InterContinental Kuala Lumpur, was officiated by Datuk Mohd Zamree Mohd Ishak, President and Chief Executive Officer of CGC, alongside distinguished industry leaders, financial partners, and stakeholders.

MTCs play an outsized role in Malaysia’s economic framework. Speaking at the launch, Datuk Mohd Zamree Mohd Ishak stated, “For over five decades, CGC has supported financial inclusion, ensuring Malaysian MSMEs are not constrained by a lack of capital or collateral. Given CGC’s strong capital position and track record, we are extending that commitment to Malaysian MTCs with our tailored credit guarantee solutions – BizJamin-i MTC and BizJamin MTC, to help MTCs scale and innovate. These schemes are strategic solutions for sustainable growth and transformation.”

CGC is extending its support to MTCs through a suite of enhanced guarantee offerings:

i. Higher Guarantee Support – Up to 80% coverage or RM20 million (unsecured portion) of the financing from PFIs.
ii. Competitive Base Guarantee Fees – Ranging from 0.50% to 1.50% per annum.
iii. Inclusive Access – Open to all eligible MTCs across industries.

This expanded support structure aims to empower MTCs with greater financial confidence, enabling them to scale operations, increase resilience, and compete more effectively on both local and international fronts.

During the launch, Datuk Mohd Zamree Mohd Ishak extended his gratitude to the PFIs and regulatory partners for their unwavering commitment to realising this initiative. He also took the opportunity to congratulate the 11 winners of CGC’s PG Sales Challenge Award and the Top Sales Guarantee Achiever Award, recognising their exceptional performance and contributions to the industry.

As Malaysia advances in enhancing its business financing ecosystem, CGC remains dedicated to expanding financial accessibility, empowering unserved and underserved businesses, and strengthening the nation’s position as a leading regional economic force.

About CGC

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. It is 78.65% owned by Bank Negara Malaysia and 21.35% by the commercial banks in Malaysia. CGC aims to assist Small, and Medium- Sized Enterprises (SMEs) with inadequate or without collateral and track records to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. As of January 2025, CGC has availed over 539,274 guarantees and financing to MSMEs valued at over RM99.57 billion since its establishment.

On 9 February 2018, CGC introduced imSME, Malaysia’s first SME online financing/loan referral platform. The imSME serves as an alternative channel for MSMEs to source for financing products, saving them both the time and the hassle of going through time-consuming processes. From the time of its inception to the end of January 2024, the imSME portal had received more than 2.810 million visits, with more than 84,892 registered MSMEs under the portal. For more information, please visit www.cgc.com.my and https://imsme.com.my/.For more information, please visit www.cgc.com.my and https://imsme.com.my/.

SOURCE: Credit Guarantee Corporation Malaysia Berhad (CGC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Azman Idrus
Head of Strategic Management
Email: ccsr@cgc.com.my.

Name: Nazlin Amirudin
Head of Section, PR & Media, Social & Digital Media, and CSR
Email: ccsr@cgc.com.my.

--BERNAMA

INTERNATIONAL WORKPLACE GROUP BOOSTS MALAYSIA PRESENCE WITH TWO NEW CENTRES AMID GROWING LOCAL DEMAND FOR FLEXIBLE SOLUTIONS AS WORKFORCE NEEDS EVOLVE

●      These two upcoming openings include the Group’s first east coast location and a prime city centre site, marking further growth in its Malaysia portfolio. This follows five new centre openings in 2024

●      The new centres are set to provide a wider range of workspace solutions and enable more Malaysian businesses and employees across gateway and emerging cities access to hybrid working and enjoy benefits such as cost savings, and talent attraction and retention
●      These additions further expand the Group’s global network of over 4,000 locations in more than 120 countries, with Malaysia as a key market in its regional growth strategy, while delivering flexibility and connectivity for a growing hybrid workforce
 
MALAYSIA,  Feb 25 (Bernama) -- International Workplace Group, the world’s leading provider of hybrid working solutions, has announced the signing of two new upcoming Regus locations in Malaysia. These additions include a premium city-centre location at Menara Public Gold, Kuala Lumpur, and the company’s first foray into the east coast with a new centre at Troika Kota Bharu, Kelantan.
 
Scheduled to open in June and July 2025, Regus Menara Public Gold and Regus Troika Kota Bharu will expand the range of workspace solutions in Malaysia, a key market in the Group’s regional growth strategy. These additions strengthen the company’s current network of 45 centres across the country under its Regus, Spaces, HQ, and Signature brands. Building on a strong growth momentum in 2024—which saw the opening of five new locations—this expansion forms part of an ambitious five-year plan to establish 160 centres nationwide.
 
The momentum of International Workplace Group’s expansion in Malaysia reflects a broader shift toward more adaptable work models. Over 80% of Malaysia-based workers express satisfaction with hybrid working, favouring a balance between remote work— whether from a nearby local workspace or home — and on-site tasks at a central company HQ. By supporting thousands of organizations that have embraced flexible work arrangements, the Group’s growth aligns with recent government policy initiatives aimed at empowering employees and helping businesses optimise human resources and reduce operational costs.
 
Vijayakumar Tangarasan, Country Head of Malaysia at International Workplace Group said, "Hybrid working is shaping the future of work in Malaysia, and we are thrilled to be leading the charge in making flexible workspaces accessible nationwide. With the addition of Regus at Menara Public Gold and Regus at Troika Kota Bharu, we are advancing our broader growth strategy to provide employees—whether in bustling city centres or emerging regional towns—with convenient access to professional workspaces.”
 
“Our growing presence in Malaysia is a testament to our commitment to supporting businesses of all sizes in staying agile, optimising costs and attracting top talent, while empowering employees to balance productivity with flexibility,” added Tangarasan.
 
Empowering People and Businesses in the Heart of Malaysia’s Capital
 
The Regus centre at Menara Public Gold, set to open in the heart of Kuala Lumpur, will boast an impressive 13,924 square feet of premium workspace. With its high visibility and central position along the city’s main street, the centre will offer unparalleled access to Malaysia’s largest urban business hub. Designed to meet the evolving needs of modern businesses, this centre will provide scalable and flexible solutions tailored for enterprises of all sizes, from startups to multinational corporations.
 
Jerry Ng, Chief Operating Officer at PG Property Management Sdn Bhd said, “The demand for premium office and coworking spaces has skyrocketed with the rapid growth of Kuala Lumpur’s financial and business ecosystem. With TRX emerging as a leading regional hub, more companies are establishing their base of operations in this prime area. Together with International Workplace Group, our new Regus centre at Menara Public Gold, located in the vicinity of TRX, offers a comprehensive range of workspace services and solutions, supporting clients as they continue to grow from a world-class business location.”
 
Supporting Kelantan’s Thriving Economy Through Hybrid Working
 
The upcoming Regus at Troika Kota Bharu will mark a significant milestone as the Group’s first centre on Malaysia’s east coast. Set to occupy 7,836 square feet within a state-of-the-art mixed-use development, the centre will offer professionals and businesses across sectors in Kelantan — including tourism, retail, and manufacturing — access to flexible, high-quality workspaces closer to homes, reducing the need for long commutes and supporting improved work-life balance.
 
Strategically located near the Thai border, Kota Bharu is poised to benefit from enhanced trade opportunities and proactive local government initiatives driving economic growth. The new Regus centre will serve as a key avenue for fostering innovation, enabling collaboration, and supporting business expansion in this vibrant region.
 
Tan Kian Boon, Managing Director at Malvest Group said, “We are thrilled to announce a landmark achievement for Kelantan: the launch of the state’s first Regus coworking office at Troika Kota Bharu, in strategic partnership with International Workplace Group. This venture underscores our unwavering commitment to advancing economic development in Kelantan and aligns seamlessly with the State Government’s vision of empowering local businesses, start-ups, and SMEs.”
 
“By fostering entrepreneurship and nurturing young talent, this initiative directly supports Kelantan’s agenda to cultivate a thriving ecosystem for innovation and enterprise. Situated in the heart of Kota Bharu’s city centre, Troika Kota Bharu offers unparalleled accessibility and prestige. This prime location positions professionals and businesses at the crossroads of opportunity, combining the globally recognised Regus brand with a dynamic environment designed to elevate productivity,” added Mr Tan.
 
As the shift toward hybrid working accelerates, the potential for growth is exponential, with an estimated 1.2 billion white-collar workers globally and a total addressable market exceeding USD 2 trillion (RM 9.4 trillion). Conventional office occupancy is expected to decline as businesses move away from traditional spaces and increasingly adopt flexible workspaces. In the first half of 2024 alone, International Workplace Group signed 465 new locations globally, and now counts 83% of Fortune 500 companies among its customer base.
 
Both new centres will be available through International Workplace Group’s global membership network, offering seamless access to more than 4,000 locations across 120 countries.
 
High-res images from the announcement can be found HERE.
 
About International Workplace Group PLC
 
International Workplace Group is the global leader in hybrid work solutions and workspace brands. We create personal, financial, and strategic value for businesses of every size. From some of the most exciting companies and well-known organizations on the planet, to individuals and the next generation of industry leaders. All of them harness the power of International Workplace Group’s hybrid working platform to increase their productivity, efficiency, agility, and market proximity.
 
International Workplace Group’s unrivalled network coverage includes approximately 4,000 locations across more than 120 countries and 83% of Fortune 500 companies are amongst our growing customer base.
 
Through our brands including Regus, Spaces, HQ and Signature, we help millions of people and their businesses to work more productively. We do so by providing the world’s leading hybrid work platform with professional, inspiring and collaborative workspaces and digital services all available via the International Workplace Group’s app.
 
For more information, visitwww.iwgplc.com and for more information on partnering with International Workplace Group, see:https://www.iwgplc.com/develop-a-location.

SOURCE: International Workplace Group PLC

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Magel Ordoñez
RICE for International Workplace Group
Email: IWG@ricecomms.com
 

--BERNAMA 

iHerb Hits US$2.4 Bln In 2024 Sales, Boosting Global Growth

KUALA LUMPUR, Feb 25 (Bernama) -- iHerb, one of the world's leading online retailers for health and wellness products, celebrated a groundbreaking 2024, with net sales surpassing US$2.4 billion, marking a historic peak for the company. (US$1=RM4.40)

The growth was propelled by robust customer demand and a commitment to exceptional service, as the e-commerce retailer fulfiled 37 million orders across 180 countries, reinforcing its position as a trusted global leader in the health and wellness industry.

Its chief executive officer, Emun Zabihi, praised the company’s resilience amid global challenges, emphasising the trust built with customers through quality products and seamless service.

“As we look ahead, we remain committed to our mission of making health and wellness accessible to all,” he said in a statement.

iHerb achieved a 14.5 per cent year-over-year increase in net sales, topping US$2.4 billion. The company's Anniversary Sale in September 2024 set new records in various metrics, generating around US$250 million in sales and contributing to iHerb's robust international presence.

Active customers grew by 20 per cent to 12.4 million, with repeat customers responsible for 73 per cent of orders. High customer loyalty was reflected in a 90 per cent satisfaction rate and an impressive 85.6 per cent Net Promoter Score (NPS).

In addition, iHerb sourced nearly 250 new brands in 2024, including major names like Olaplex and Superfoods. The company’s product catalogue now includes over 50,000 items, spanning health, wellness, beauty, and nutrition solutions.

Investments in culturally diverse products, the customer platform, now available in 22 languages, helped iHerb broaden its reach with a presence in 25 global marketplaces such as JD and Rakuten.

With seven logistics centres in the United States and abroad, iHerb maintained fast shipping times, with nearly half of its orders arriving in under three days. New shipping methods and free delivery in 80 countries have further strengthened its logistics capabilities.

Building on the momentum of 2024, iHerb plans to strengthen its market position by expanding product lines, enhancing customer relationships, and driving innovation to meet evolving consumer needs. The company is opening two additional fulfilment facilities strategically in Dallas, Texas, and Riyadh, Saudi Arabia, to speed up delivery times and support its growing customer base.

To drive growth, the company plans to focus on three strategic pillars, namely invest in targeted digital campaigns to attract health-conscious consumers; enhance product selection; and achieve sustainable growth through operational excellence.

iHerb is poised for continued success as it builds on its strengths, delivering accessible health and wellness solutions for millions of customers worldwide.

-- BERNAMA

INNOVATIVE NANOMALAYSIA BERHAD TECHNOLOGIES SHINE AT MTE 2025 WITH PRESTIGIOUS AWARDS

KUALA LUMPUR, Feb 24 (Bernama) -- NanoMalaysia Berhad (NMB) and its partners participated in and showcased three inventions leading to gold, silver and bronze medals at the 24th Malaysia Technology Expo (MTE) 2025 held at the World Trade Centre recently.

The AQUENE Graphene Cooling Fluid, in collaboration with Blue Snow Consulting and Engineering Sdn Bhd, received the gold medal in the Energy and Green Technology category. This revolutionary heat transfer fluid enhances the efficiency of cooling systems by transforming water into a graphene-based thermal conductor. By integrating Graphene Nanoplatelets (GNP), AQUENE improves heat exchange at all system interfaces, reducing energy consumption by 20-30%. The solution is already piloted in commercial buildings, district cooling plants, and liquid-cooled data centres, proving its energy conservation and sustainability potential. Its ability to enhance heat transfer at all exchange interfaces, from evaporator tubes to air-side cooling coil tubes, makes it an innovative game-changer in thermal management.

NMB’s second invention, in collaboration with Serdang Paste Technology Sdn Bhd, won the silver medal in the Advanced Materials category and was awarded the revolutionary Conductive Thermal Paste for Electronic Applications. Leveraging nanomaterials such as Carbon Nanotubes (CNT) and graphene, this thermal paste offers exceptional thermal conductivity, ensuring optimal heat dissipation in semiconductors, consumer electronics, and renewable energy applications. This innovation revolutionises electronic devices, printed circuit boards, and photovoltaic technologies with its low drying temperature, superior adhesion, and energy-efficient cooling applications. Using sustainable organic binders derived from linseed oil further enhances its environmental benefits, making it a viable solution for the future of electronic manufacturing.

Recognised for its innovation in air purification, the Portable Air Purification Reactor for Cars and Small Rooms, equipped with UVA LED technology and Nano Reactive Coating by NMB and Caso Resource Optimization Sdn Bhd, received the bronze medal in the Protection of the Environment Water, Wastewater, Sanitation category. Designed to improve indoor air quality, this device effectively reduces airborne contaminants, achieving a 32.7% reduction in bacteria such as Staphylococcus aureus and an impressive 91.9% reduction in carbon dioxide levels. Its ability to combat multi-drug-resistant bacterial species makes it a breakthrough for health-conscious consumers, automobile users, and public transport operators, addressing increasing global concerns over air pollution and respiratory health. With growing awareness of indoor air quality and its impact on overall well-being, this innovation offers a practical and effective solution for cleaner air.

Source: NanoMalaysia Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Email: corporateaffairs@nanomalaysia.com.my

--BERNAMA

SOCIETY FOR CLINICAL RESEARCH SITES (SCRS) AND FORTREA PARTNER TO ADVANCE COLLABORATION IN CLINICAL RESEARCH

Fortrea to Sponsor SCRS’ Collaborate Forward Working Group, Encouraging Collaboration for More Efficient Clinical Trials


DURHAM, N.C., Feb 21 (Bernama-GLOBE NEWSWIRE) -- The Society for Clinical Research Sites (SCRS) and Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), are pleased to announce Fortrea’s sponsorship of the SCRS Collaborate Forward working group.

Comprising 16 leading Global Impact Partner organizations, the Collaborate Forward working group will explore and develop best practices to reduce administrative burdens across the clinical research ecosystem. The group is committed to fostering transparency and collaboration to tackle challenges faced by clinical research sites. By improving internal processes, it aims to make sites more sustainable and trials more efficient—ultimately leading to a smoother experience for patients.

Fortrea’s sponsorship marks a significant investment in fostering industry-wide innovation and reflects the company’s dedication to placing sites at the forefront of clinical trial planning.

“We are excited to partner with SCRS to launch and support this working group,” said Mike Clay, senior vice president of Global Project Delivery at Fortrea. “Clinical trials are becoming increasingly complex, and the industry faces mounting pressure to accelerate innovation for patients. We believe that collaboration with clinical research sites is key to unlocking efficiencies and productivity gains that will streamline the clinical trial process. This initiative will develop tangible solutions that clinical study sponsors, CROs, vendors, sites and patient advocacy groups can rally behind. As a leading CRO, we are proud to be at the forefront of this effort, ensuring that sites remain central to driving progress and fostering greater industry-wide collaboration to bring life-changing treatments to patients faster.”

“Clinical research requires a unique interdependency to generate the best outcomes. Collaborate Forward will share partnership successes that impact the people, process and technology improving clinical research today,” added Sean Soth, senior vice president, Strategy and Global Business Partnerships, SCRS. “We are pleased to welcome Fortrea as the charter sponsor of Collaborate Forward. This partnership underscores the value of cross-industry collaboration and the collective effort needed to drive meaningful progress in creating a more connected and efficient clinical trial ecosystem.”

Collaborate Forward will initially focus on study startup, showcasing the advantages of collaboration through compelling stories, case studies and data-driven insights. The group will convene regularly to exchange insights, assess industry trends and develop pragmatic tools that sponsors and CROs can implement within their organizations. Updates on the working group's progress will be shared throughout 2025 via SCRS Site Solutions Summits and publications, highlighting key findings and collaborative achievements.

SCRS invites sponsors and CROs committed to site sustainability to join this effort and contribute to shaping a more effective and synergistic clinical research landscape. For more information on how to participate, please contact Brian Egan.

About The Society for Clinical Research Sites

The Society for Clinical Research Sites (SCRS) is the leading advocacy organization dedicated to unifying the voice of the global clinical research site community. Representing more than 11,000 research sites globally, SCRS facilitates industry collaborations and conversations dedicated to site-focused advocacy, education, mentorship and connection. SCRS is an active and influential champion for sites in industry initiatives to ensure that the perspective of sites is heard and valued. Learn more and get involved at myscrs.org. Our voice. Our community. Your success. 

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in about 100 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter).

SCRS Contacts:

Marissa Hill (Media) – 267-865-3296, marissa.hill@myscrs.org
Brian Egan (Media) – 518-207-6965, brianeegan@gmail.com

Fortrea Contacts:
Galen Wilson (Media) – 703-298-0802, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com 

SOURCE : Fortrea Holdings Inc

MAVENIR AND EDGEQ INTRODUCE INDUSTRY’S FIRST SOFTWARE-DEFINED 4G AND 5G NEXT GENERATION SMALL CELLS FOR NEUTRAL HOST AND URBAN DENSIFICATION

Companies bring together multi-generation expertise to deliver flexible, rapidly deployable and low-power small cells for indoor and outdoor environments

RICHARDSON, Texas, Feb 19 (Bernama-GLOBE NEWSWIRE) -- Mavenir, the cloud-native network infrastructure provider building the future of networks, and EdgeQ, a leader in 5G wireless infrastructure, unveil the next generation of indoor and outdoor small cells at the Mobile World Congress Barcelona 2025. The cloud-native, software programmable small cells deliver both 4G and 5G on a single chip, allowing customers to dynamically reconfigure and elastically scale from 4G to 5G without any hardware change, redesign, or reinstallation.

The collaboration introduces new capabilities aimed at enterprise and neutral host providers for indoor environments and meet the demands of communication service providers (CSPs) needing cutting-edge outdoor equipment to support urban densification.

The next generation small cell offering will focus on enabling flexibility, low power consumption, and ease of deployment. The solution empowers CSPs to address rapidly increasing data traffic demands while ensuring a long-term return on investment. The small cell solution, set for general availability in 2Q 2025, will support a range of 4G and 5G spectrum bands, and flexible configurations from single-band 4G or 5G setups to complex multi-band combinations, on a single board. Additionally, the solution offers a future-proof approach with remote software upgrades, allowing CSPs to migrate smoothly from 4G to 5G without hardware changes and maximizing their investments.

Sachin Karkala, SVP & GM RAN at Mavenir, said: “This strategic relationship will be disruptive for the small cell market, introducing new capabilities that meet a wide range of needs. EdgeQ is a partner that’s working at the cutting edge of silicon technology, and this partnership enables increased levels of flexibility for CSPs, enterprises and neutral host providers. We’re changing the economics of 5G deployments with small cells by reducing energy consumption, simplifying deployment and ensuring long-term ROI.”

Mavenir’s indoor small cell solution leverages EdgeQ’s highly programmable “Base station-on-a-chip” to deliver a singular solution that is dynamically configurable to help service providers navigate 4G to 5G migration, NSA to SA migration, TDD and FDD migration, and multi-carrier support. The lean design is ideal for both indoor and outdoor deployments where ubiquity of coverage at low TCO is expected by operators.

Vinay Ravuri, Founder and CEO of EdgeQ, said: “We are delighted to partner with Mavenir to enable a new category of small cells that converges multiple radios, bands, and carriers at new unit economics long sought after by service providers. The flexibility that we are enabling with Mavenir will drive frictionless small cell deployments by meeting the short and long-term needs of all connectivity providers. Our state-of-the-art 4G and 5G platform makes the widest range of spectrum configurations possible and ensures a clear upgrade path as traffic grows.”

Mavenir’s small cell solutions enable enhanced network capacity and coverage in indoor and outdoor environments meeting the full range of public and private network use cases.

Mavenir’s full radio portfolio will be displayed at the upcoming MWC Barcelona, March 3-6, in Hall 2, Stand 2H60. For more on Mavenir’s presence at the show visit https://www.mavenir.com/mwc-2025/

About Mavenir:

Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

About EdgeQ

EdgeQ is a Silicon Valley based semiconductor company that has developed the world’s first software-defined 4G+5G “Base Station-on-a-Chip,” giving customers the revolutionary ability to build and deploy cellular networks on a single chip the size of a coin. Led by executives from Qualcomm, Intel, and Broadcom, EdgeQ is pioneering converged connectivity and AI that is fully software-customizable and programmable. The company is backed by world-renowned investors and industry titans. To learn more about EdgeQ, visit www.edgeq.io 

PR Contacts:

Mavenir: Emmanuela Spiteri | PR@mavenir.com
EdgeQ: Edward Wu (Head of Marketing) | ewu@edgeq.io

SOURCE: Mavenir Systems, Inc.

--BERNAMA