PENANG, Nov 14 (Bernama) --  Seven Malaysian homegrown technology companies today announced the formation of the Malaysia IoT Consortium (MyIoTC) and launched the MyIoTC Week 2016. The seven companies are SilTerra, Cytron, CEEDtec, K-One, Eclimo, Pensonic and Exabytes.  
 
A broad spectrum of applications associated with the Internet of Things (IoT) is considered as key contributors for the future of the Internet Economy. While today’s internet economy is based on data created by internet of 3 billion people, the new IoT world is about data created by internet of 50 billion things by 2020. In economic terms, it’s estimated that $14.4 trillion of economic value will be created by IoT between 2013 and 2022, and McKinsey expects $4-$11 trillion of economic value will be created per year in 2025. Among the biggest application opportunities for IoT are in the Manufacturing sector and Smart Cities.
 
“We are glad that Malaysia is being recognized as a good research and development base for IoT solutions. With the large potential user base for IoT solutions, especially in manufacturing and smart cities, IoT is a unique opportunity for Malaysia, and it is great to witness these seven companies collaborating to leverage on that opportunity,” said Dato Yasmin Mahmood, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC).
 
Dato Lai Yit Loong, who is the MyIoTC Lead Coordinator and Silterra’s Senior VP of Sales and Marketing says, “SilTerra is proud to be one of the founding members of MyIoTC. With deep capabilities and track record in developing and manufacturing Integrated Circuits (IC) which are widely used in IoT applications such as smart watches, wearables, smart homes, RFID and smart meters all over the world, SilTerra is committed to work with government agencies, research institutions and local technology companies to build and further develop the Malaysian IoT ecosystems.”
 
Since IoT solutions market is highly fragmented, it’s unrealistic that anyone would be able to do everything themselves. Thus, the MyIoTC members decided to work as a team, bringing unique value propositions and resources to the table, complementing instead of competing with each other. As a private sector initiative, MyIoTC intends to drive the IoT development and deployment together with relevant government agencies, to make Malaysia the IoT R&D, manufacturing, competency hub for the region.
 
MyIoTC will focus on six main areas as described below:
 
Idea Generation – IoT solutions is targeted at creating new values or solving old problems faced by specific industry. The Consortium seeks to create a platform and program where people of diverse backgrounds and industries can share their ideas and in collaboration with MyIoTC, further develop these ideas into compelling products and services.
 
Prototyping – As the members are part of the high-tech industry, they are equipped with unique hardware and software technologies, skills and resources that will help customers quickly create prototypes as well as validate their IoT ideas. Customers can utilize the offered services in two ways, in which they could source components through MyIoTC or outsource the entire prototyping project to MyIoTC.
 
Industrial Design – One of the biggest challenges of hardware projects is industrial design. 5 of the Consortium members are successful product companies with extensive experience and track record in industrial and consumer product design.
 
Mass Production – IoT systems are highly customized to specific industries with a service focused instead of hardware focused revenue model. MyIoTC is very well positioned for the new IoT opportunities as they are flexible to grow together with their IoT customers, giving them the advantage over their competitors.
 
Sales and Marketing, Distribution, Branding – With an extensive sales and distribution network, the Consortium is able help their IoT customers bring their products and services to the market. The customers can leverage on the consortium’s existing resources to accelerate their brand building and market penetration.
 
IoT Market Place – MyIoTC is building a strong online market place platform to promote the Consortium’s offerings, as well as to engage organisations to help reinvent their companies and industries to deploy IoT solutions. The market place is a platform to bring together various solution providers, suppliers and customers as it will have a built-in e-commerce and analytics engine which helps customers launch their IoT service on this platform.
 
“With a clear cut focus, I believe that MyIoTC will be a key player in driving the development and growth of the IoT ecosystem in Malaysia and be able to turn the platform into a locally created and hosted hub for the IoT ecosystem. The Consortium will be a significant contributor to the growth of Malaysia’s Internet Economy” added Dato’ Yasmin Mahmood.
 
The formation of MyIoTC also marked the launch of ‘MyIoTC Week 2016’, in partnership with KDU, Microchip, Kerlink and Orbiwise. This will be the first public event to promote “Digital Maker Movement” and to drive innovations of IoT applications for Smart City. The Week will have free seminars and workshops on the latest technologies and trends in IoT, with the support from MDEC and Invest Penang. Engineering undergraduates, working engineers, technology companies, maker communities and even businesses looking for IoT solutions are encouraged to be part of these.
 
A 24-hour IoT Hackathon will be held to celebrate MyIoTC. The Hackathon will take place at the end of MyIoTC Week Penang and will explore a new emerging technology in IoT - LoRa.
 
Cytron will be leading the technical committee for MyIoTC week and Hackathon. Aside from providing the latest LoRa nodes (devices), Cytron will also link up with International companies to setup a complete working LoRa system for this event and deployment for Malaysia in the near future.
 
The MyIoTC members:
 
About SilTerra Malaysia Sdn Bhd:
SilTerra Malaysia Sdn Bhd is a semiconductor wafer foundry offering fabrication and design support services in CMOS logic, High-Voltage, Mixed-signal, RF and MEMS technologies down to 90 nanometer feature size. SilTerra’s wafer fab has a design-in capacity of 40,000 eight-inch wafers per month and currently serves customers in US, EU, Latin America, Taiwan, Korea and China. 
 
Environmentally vigilant, SilTerra delivers award-winning, world-class performance to its customers seeking flexible capacity, custom technologies, competitive advantages and around the clock customer support. SilTerra is ISO 9001:2008 and ISO 14001 certified. Starting commercial production in 2001, the company’s headquarters and factory are located in Malaysia’s Kulim High-Tech Park, with sales and marketing offices in San Jose (California) and Hsinchu (Taiwan).
 
For additional information on SilTerra or its services, please visit www.silterra.com
 
SilTerra Contact:
Tahir Hamdan
Sr. Director, Corporate Development
Tel: 012-2077746
Email: tahir_hamdan@silterra.com
 
About Cytron
At Cytron, we seek to provide one stop solutions to anyone looking to adopt digital technologies specializing in robotics and IoT. We educate, enable and assist our customers through our educational solutions, online market place and engineering service division.
 
Our education team has developed effective hands-on training systems and structured courses in order to provide quality skills and knowledge to our children, youths as well as working adults. In our market place, we provide series of reliable off-the-shelf development boards, electronic modules, mechanical parts, tools and accessories to assist students, makers, inventors and engineers in making their electronic and robotic projects a success.
 
For anyone who wishes to further turn their prototypes into commercial products, we can also help in integrating the hardware and/or assembling the PCBA without any hassle, which could drastically expedite the commercialization process.
 
With this model, together we can create wonderful solutions to improve human life through digital technologies.
 
Cytron Contact:
Tan Eng Tong
CEO
Email: engtong@cytron.com.my
 
About K-One
 
K-One is an innovator, designer, developer and manufacturer of IoT devices, consumer lifestyle technology products, security and surveillance gadgets, healthcare/medical devices, mobile phone accessories, automotive aggregates and industrial products. It is founded in 2001 as an ODM (original design manufacturer), counting some of the global brand names as its customers. It is export oriented, with almost 100% of its products and services sold overseas, primarily to Europe, US and North Asia.
 
K-One is listed on Bursa Malaysia since 2006. Its headquarters and Innovation & Design Centre is located in Petaling Jaya, Selangor while the key manufacturing facilities are based in Ipoh, Perak. It also has sales representative offices overseas and outsourcing facilities in China. It has all the necessary certifications which include ISO 9001, ISO 14001, TS 16949 and Sony Green Partner to deliver innovations and products of the highest quality and in accordance to international standards.
 
For more information, please visit our website at: www.k-one.com
 
K-One Contact:
Raymond Goh
Business Development Manager
Tel: 016-6627128
E-mail: raymondgoh@k-one.com
 
About Eclimo

Eclimo Sdn Bhd is a 100% Malaysian-owned Electric Vehicle company, founded in June 2008 to champion our nation’s contributions towards sustainable energy, and unveiling the wonder of the exciting global revolution of electric vehicles.
Initially embarking on green technology research and development, Eclimo soon focused its efforts on productization of sustainable energy, building its way towards manufacturing electric scooter / motorcycles (ES11) and Lithium Ion battery packs (Eclimo Power) and modules.
 
Built on a solid foundation of engineering expertise and proprietary technology, Eclimo holds in its name, patents for non spot-welding battery pack technology and its direct-drive electric motor, both of which have been successfully commercialized.
 
Eclimo’s Headquarters, which houses its Research and Development, and Manufacturing Facilities,  is located on Penang island’s Bayan Lepas Free Industrial Zone.
 
For more information, please visit our website at: www.eclimo.com.my
 
Eclimo Contact:
Eclimo Sdn Bhd (821195H)
3, Jalan Lima, Tanjung Tokong
10470 George Town
Pulau Pinang, Malaysia
T +60 4-898 1018
F +60 4-898 1016
E info@eclimo.com.my
 
About Pensonic
The Pensonic Group was founded in 1965 as Keat Radio and Electrical Co. in Balik Pulau, Penang. From this humble origin as a small retailer cum workshop for electrical home appliances, Keat Radio and Electrical Co. grew under the leadership of its founder, Dato’ Seri Chew Weng Khak into the present day conglomerate. Fonebud is the latest addition in the Pensonic group. It focuses on the sourcing, design and distribution of IoT consumer products. We study opportunities and the relevance of connected products to their targeted market and support the design of the whole user experience, with a network of suppliers/manufacturers to bring it together. We also help them to think and plan their marketing supports, delivery and after sales processes.
 
Pensonic Contact:
Sylvain Vanderhaegen
Chief Product Designer
+6012-9590843
sylvain@pensonic.com
 
About Exabytes
Exabytes has specialized in providing web hosting services and helping SME to grow their businesses online to achieve their dreams since its establishment in 2001. Today we serve over 75,000+ Customers (from individuals, students, small & medium size businesses, to government and public listed companies) in 121 countries and manage over 1000+ servers with 100,000+ websites, 1,000,000+ email accounts.
 
Exabytes Contact:
Exabytes Network Sdn Bhd (576092-T)
1-18-8 Suntech Penang Cybercity,
Lintang Mayang Pasir 3,
11900 Bayan Baru, Penang, Malaysia.
T +604-6308283
F +604-6308288
E info@exabytes.my
W www.exabytes.my
 
About CEEDtec
 
At Ceedtec, we have a rich history of design innovation and proven product delivery to the most demanding customers in the Test & Measurement market segment. We provide full turnkey design solutions and ODM product development and manufacturing services through our factories located in Penang.
 
We specialize high-mix low volume (HMLV) manufacturing and have systems in place that allows us to source and manage difficult to source parts, precision components and build complex test systems at very high quality levels. To address the needs of our key customers, we have robust manufacturing and quality controls to ensure that the products that leave our facilities meets our customer’s stringent quality and certification standards.
 
For developers that wish to convert turn their ideas & prototypes into commercially ready products, we are ready to help in improving the design, integrate the hardware and build/ or assemble the PCBA using our design libraries and apply our DFM methods to drastically make the commercialization process easier.
 
With our proven collaborative model, we will create wonderful products and solutions and bring them to market together with our customer.
 
For additional information on Ceedtec or its services, please visit www.ceedtec.com
 
Ceedtec Contact:
Lim Wooi Chin
Program Manager
Email: limwooichin@ceedtec.com
 
SOURCE : Malaysia Digital Economy Corporation (MDEC)

FOR MORE INFORMATION, PLEASE CONTACT: 
Name : Zalinda Zainon
General Manager
Corporate Communications Division         
Malaysia Digital Economy Corporation (MDEC)
Tel : +603 8315 3229
Email:  zalinda.zainon@mdec.com.my
 
--BERNAMA