KUALA LUMPUR (July 26): BCM Alliance Bhd, which distributes commercial laundry equipment and medical devices, is teaming up with Hong Kong-based rLoop Ltd to manufacture and assemble virus attenuation devices using photon-mediated electrons and emitters under rLoop’s own brand name “rGuard”.

In a bourse filing today, BCM Alliance said its wholly-owned subsidiary BC Medicare Sdn Bhd has entered into a memorandum of understanding (MoU) with rLoop on the proposed project.

"The MoU enables the company to penetrate into virus attenuation or reduction devices business that might yield attractive return to the group," it added.

BC Medicare is principally involved in import and distribution of medical-related products in Malaysia and Southeast Asia, while rLoop has the intellectual property rights and licensing right to design, manufacture, develop, distribute, market and sell rGuard products in the global market except India.

The MoU is effective for three months.

BCM Alliance shares closed up two sen or 14.81% at 16 sen today, bringing a market capitalisation of RM233.87 million.