MQ Tech Enters Energy-Saving Technology Partnership in Malaysia and Indonesia
MQ Technology Bhd (MQ Tech) recently announced that its subsidiary has successfully entered into an exclusive 10-year partnership agreement. This agreement involves a collaboration with a Shanghai-based company, Exands, to introduce energy-saving technology for central air conditioning systems.
Through this partnership, MQ Tech will become the exclusive agent for this innovative technology in the Malaysian and Indonesian markets. This move is seen as a strategic effort by the company to expand its business in the green technology and energy efficiency sectors within the Southeast Asian region.
The technology from Exands is specifically designed to help commercial and industrial buildings reduce electricity consumption for central air conditioning systems. With rising energy costs, this solution is expected to help building owners significantly reduce their operating expenses.
Beyond benefiting users, this partnership also reflects the company's commitment to supporting environmental sustainability agendas. The use of more energy-efficient technology is crucial for reducing the carbon footprint in both countries.
Overall, this decade-long agreement marks a significant step for MQ Tech in strengthening its position in the energy technology market. The company hopes that this collaboration will have a positive impact on its financial performance while benefiting the construction and building management industries in Malaysia.