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Fsbm To Build Energy Consumption Tracing System, Uplifted From Pn17 Status

FSBM Holdings Bhd Managing Director Pang Kiew Kun

KUALA LUMPUR, June 25 (Bernama) -- FSBM Holdings Bhd plans to utilise up to 10 per cent of its revenue to develop an energy consumption tracing system for companies to solidify their environmental, social, and governance portfolio.

FSBM managing director Pang Kiew Kun said the company embarked on the project last year to build a system that can extract, process and analyse real-time data on clients’ energy consumption.

Some companies continue to record data manually. An automated system will be able to collect, process and analyse data, he told the media after the company’s annual general meeting today.

On prospects, Pang said the distributor of computer and computer-related products and services will focus on delivering specialised services across its business segments in smart manufacturing, intelligent applications and cybersecurity.

"With the focus on artificial intelligence-driven solutions, Internet of Things integration, and robust cybersecurity measures, we are positioned to address the increasing demand for advanced technological solutions. 

“We strive to empower businesses to streamline their operations, improve efficiency, and explore new growth opportunities through our commitment to provide tailored services and innovative products,” he said.

FSBM said in a separate statement that the company is no longer a PN17 status company effective June 21, 2024.

“The group has expanded its team and is pursuing new partnerships and contracts,” Pang said.

-- BERNAMA

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