December 10, 2019 KUALA LUMPUR: YGL Convergence Bhd (YGL) had entered into a cooperation agreement with Hongtian Intelligent Technology (Tianjin) Co. Ltd (Tianjin Hongtian) to establish a research and education collaboration under the proposed cooperation vehicle, known as MCITEC Sdn Bhd.
YGL in its filing with Bursa Malaysia today said the objective for the establishment of MCITEC is to promote cross nation sharing of research and development resources, co-development of intellectual property and promotion of national technology through the ‘One Belt One Road’ initiative.
OVERVIEW OF THE COOPERATION
The objective for the establishment of MCITEC is to promote cross nation sharing of research and development resources, co-development of Intellectual Property and promotion of national technology through the “One Belt One Road” initiative. Under this initiative, Tianjin Hongtian will provide the high technology manufacturing training materials to MCITEC. MCITEC will be responsible for the localisation of the content outside China and dissemination of high technology training programs to other ASEAN countries from Malaysia.
The high technology collaboration work will cover areas as follows: i. Smart Manufacturing and Industry Revolution 4.0 (“IND 4.0”); ii. Artificial Intelligence and Big Data; iii. Smart Education; iv. Smart Warehouse; v. Smart Cities; vi. Smart Agriculture; vii. Smart Ecology and Environmental Protection; viii. Robots and Drones; and ix. Virtual Reality and Simulation