ARB IOT Group to establish AI data center lab in Malaysia

KUALA LUMPUR - ARB IOT Group Limited (NASDAQ:ARBB), a technology company currently trading below its InvestingPro Fair Value with a strong balance sheet holding more cash than debt, has announced a partnership through its subsidiary ARB IOT Group Sdn Bhd, with a Universiti Kebangsaan Malaysia (UKM) startup and Gajah Kapitalan Sdn Bhd (GKSB) to set up an AI data centre experimental laboratory. This state-of-the-art facility, located at the Institute of Visual Informatics at UKM, aims to advance AI research and application development.

The lab will feature ARB’s high-performance AI servers, the ARB 222 and ARB 333 series, designed for tasks such as AI inference, deep learning, and enterprise computing. These servers are noted for their energy efficiency and scalability, positioning ARB IOT Group to play a significant role in the AI-driven economy. The company maintains a robust liquidity position with a current ratio of 44.63, providing financial flexibility for its expansion plans. (InvestingPro subscribers can access 6 additional key insights about ARBB’s financial health.)

This initiative is in line with the Malaysian government’s efforts to boost the nation’s AI capabilities and foster a community of data scientists and engineers. The MOU stipulates that ARB IOT Group will oversee the lab’s architecture and design, while GKSB will manage operations and develop new AI market segments in the region.

Dato’ Sri Liew Kok Leong, CEO of ARB IOT, emphasized the lab’s role in bridging the gap between academia and industry to expedite the adoption of AI technologies. Associate Professor Dr. Rabiah Abdul Kadir, director of IVI-UKM, expressed excitement about the potential for the lab to elevate AI research and development.

The collaboration is expected to set new sustainability standards for AI data centre operations and contribute to the growing AI innovation in the region. It also includes plans for ARB IOT Group and GKSB to offer leasing services for AI computing power in Malaysia.

The establishment of the AI data centre experimental lab is a strategic move by ARB IOT Group to enhance its presence in the AI sector and provide cost-effective, flexible server solutions to customers.

This news is based on a press release statement and reflects the current plans and expectations of ARB IOT Group Limited. It should be noted that forward-looking statements involve risks and uncertainties, and actual results may differ from those projected.

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