PETALING JAYA: Genetec Technology Bhd
’s memorandum of understanding (MoU) with Thailand-based Asia Precision Public Company Ltd (APCS) could open new opportunities for Genetec to expand its customer base in the energy storage system (ESS) business.
This is in line with the customer diversification plan of Genetec, an integrated engineering solutions provider, which also designs and develops industrial automated equipment for high technology-related manufacturing companies.
The company had signed the MoU with APCS to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for ESS business in Thailand. The MoU would be for one year, or earlier, if Genetec and APCS decided to enter into a joint-venture agreement.
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