KUALA LUMPUR: FSBM Holdings Bhd has collaborated with Synergies Intelligent Systems, Inc to jointly explore and develop the Malaysian and Southeast Asia (SEA) market for consumer-to-manufacturer (C2M) services for customised machining parts.
In its filing with Bursa Malaysia today, FSBM Holdings said its subsidiary, FSBM I-Centre Sdn Bhd, had on Dec 6 2024 entered into the contract with Synergies Intelligent for the project.
It said both parties agreed to cooperate in promoting the project, targeting on demand custom machining parts in the Malaysian and SEA market.
"Synergies shall develop and provide the consumer-to-manufacturer platform (C2M Platform) with AI technical support. "While, FSBM I-Centre shall facilitate the deployment, configuration and integration of IT and IIOT solutions as well as providing tailored support services for the C2M Platform," it said.
FSBM I-Centre and Synergies shall form a strategic collaboration, granting FSBM I-Centre an exclusive license to utilise Synergies' technological products over a six year contract to support the promotion and operation of the C2M Platform.
There is also a revenue sharing component between the two parties.
"The contract is not expected to have any material effect on the earnings per share, net assets per share and gearing for the financial year ending December 31, 2024. "However, it is expected to contribute positively to the future earnings of FSBM and its subsidiaries should business opportunities arising from the contract materialise," it added.
FSBM closed unchanged at 23 sen a share, giving it a market capitalisation of RM117.8 million. Ends