KUALA LUMPUR: Kronologi Asia Bhd has secured a contract for exabyte-size cloud hyperscale supply and managed services with a web and artificial intelligence provider in China.

Executive director and group CEO Edmond Tay said the implementation involves China's largest cloud hyperscale infrastructure for cloud-based data archive, long-term data preservation and retention services.

"It is in tandem with the Group’s strategic initiatives for its 'As-a-Service' consumption and subscription-based model to progressively invest in infrastructure for future growth in the new normal world and will certainly help grow near-term opportunities for us in the Greater China area,” he added.

Kronologi was down 1.5 sen or 2.9% to 50 sen a share at midday on the back of 1.9 million shares exchanging hands.