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Awantec Bags RM5m Contract From National Water Research Institute of Malaysia

The Malaysian Reserve ·  Mar 9 18:12

Awantec Technology Bhd's subsidiary, Awantec Systems Sdn Bhd (ASSB), has secured a RM4.96 million contract to provide cloud computing services for climate change research to the National Water Research Institute of Malaysia (NAHRIM).

NAHRIM officially issued the letter of award to ASSB on March 1, 2024, which was accepted by ASSB on March 6, 2024.

The formalisation of the agreement between NAHRIM and ASSB is currently in progress.

The 30 month contract, spanning from March 8, 2024, to September 7, 2026, includes services such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Network services.

The contract is expected to positively impact Awantec Group's future earnings and net tangible assets per share.

Its board of directors sees this contract as a strategic opportunity aligning with the group's goals.

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