PETALING JAYA: ARB Bhd ’s wholly owned subsidiary, Arbiot Sdn Bhd, has received and accepted a letter of award (LoA) from Prinsiptek Corp Bhd to carry out an Internet-of-Things (IoT) contract for the systems, engineering, procurement, commissioning and management of a proposed residential development in Shah Alam, Selangor for RM60.43mil.

This is the second consecutive IoT contract garnered by ARB, the company formerly known as Aturmaju Resources Bhd. The day before, it had secured a RM18mil contract for a proposed residential development in Perak.

For the latest RM60.43mil contract, the proposed residential development comprises one block of 13-storey serviced apartments of 260 units, including six levels of carpark.

The duration of the contract will be for 18 months from the date of the LoA.

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