Systech Bhd (Systech), a prominent digital corporate solutions provider, is thrilled to announce a significant new development. Its wholly-owned subsidiary, SysAIU Sdn. Bhd. (SysAIU), has entered into a Collaboration Agreement (Agreement) with Pinetop Technology Venture Sdn. Bhd. (Pinetop). This partnership marks a major step forward in establishing advanced Artificial Intelligence (AI) Data Centres in Malaysia.
According to the terms of the Agreement, SysAIU will be tasked with sourcing and managing essential equipment and infrastructure for the project. This includes high-performance graphics processing units (GPUs), servers, storage systems, networking equipment, cooling systems, and power supply units. SysAIU will also handle the installation, configuration, and maintenance of these systems, ensuring they meet top industry standards for performance, reliability, and compliance. Additionally, SysAIU will offer technical support, training, and resources to facilitate the efficient use of the infrastructure by data centre staff and stakeholders.
On the other hand, Pinetop will bring its extensive experience in AI Data Centre operations and development to the table. The company will provide server and GPU services and technical support for these critical components. Furthermore, Pinetop will develop the necessary applications and software required for the data centre operations, including designing, coding, testing, and deploying software to optimise the data centres' functionality and efficiency. Pinetop's role is crucial in ensuring that the data centres not only meet current technological demands but are also adaptable to future advancements in AI and data processing technologies.
Pinetop is a dynamic Malaysian firm known for its expertise in AI Data Centre development and IT software solutions. The company is recognised for designing and building web and mobile applications, as well as developing Large Language Modules (LLMs). Pinetop is also a channel partner of a leading global data centre operator, with a notable presence in Johor, Malaysia.
Dato' Derrick Hooi, Managing Director of Systech Bhd, remarked, "This collaboration with Pinetop Technology Venture is a significant step forward in our strategic plan to expand into the AI and data centre sectors. By integrating our strengths in AI and cybersecurity with Pinetop's expertise in data centre operations and AI software applications, we are poised to deliver state-of-the-art data centres that will meet the evolving needs of businesses in Malaysia and beyond. This partnership not only reinforces our commitment to innovation but also positions us to capitalise on emerging opportunities in the digital economy."
Eizaz Azhar, Chief Executive Officer of Pinetop Technology Venture Sdn. Bhd., added, "Our partnership with SysAIU marks a significant milestone in our journey to advance AI and data centre technologies in Malaysia. By combining our deep expertise in AI-driven operations with SysAIU's cutting-edge solutions and high-performance GPU servicing, we are confident that this collaboration will lead to the development of world-class data centres capable of meeting the evolving needs of the digital landscape. We are excited about the potential this partnership holds and look forward to delivering innovative solutions that will drive growth and technological progress in the region."
Both SysAIU and Pinetop will collaborate closely on all aspects of the project, from budgeting and financial planning to marketing strategies and operational execution. The partnership aims to ensure a seamless integration of their respective technologies and expertise, ultimately providing a robust and scalable data centre solution to meet the growing demand in Malaysia.
As of 5:00 P.M. on 5 September 2024, Systech Bhd's share price closed at RM0.33, reflecting a market capitalisation of RM212.70 million.