MQ Tech Enters Strategic Partnership to Improve Energy Efficiency in Malaysia
Malaysian technology company, MQ Technology Bhd (MQ Tech), recently announced that it has successfully secured an exclusive 10-year agency agreement. This agreement involves a partnership with a Shanghai-based company, Exands, to introduce energy-saving technology for central air conditioning systems.
This move is part of the company's efforts to expand its business in the green technology sector. Through this partnership, MQ Tech will serve as the exclusive representative to market and manage the energy-saving system in the Malaysian and Indonesian markets.
The technology from Exands is specifically designed to help commercial and industrial buildings reduce electricity consumption for air conditioning systems. With rising energy costs, this solution is expected to help local companies reduce their monthly operating expenses more effectively.
Beyond benefiting users, this partnership is also seen as a positive step for MQ Tech to strengthen its position in the regional market. The company's management hopes that this initiative will contribute to long-term revenue growth for the organization.
Overall, this effort demonstrates the commitment of the Malaysian corporate sector to supporting the environmental sustainability agenda. The use of smart technology in energy management not only saves costs but also helps reduce the carbon footprint in the country.