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KUALA LUMPUR - ARB IOT Group Limited (NASDAQ:ARBB), a provider of integrated Internet of Things (IoT) solutions, announced the launch of its Smart AI Drone, an AI-powered plantation mapping system integrated with drone technology, aimed at transforming the management of plantations. The system is designed to enhance efficiency, crop yields, and sustainability in agriculture. The announcement comes as ARBB’s stock has shown remarkable momentum, with a 165% price return over the past six months, according to InvestingPro data.
The Smart AI Drone, equipped with advanced imaging, artificial intelligence, and real-time data analytics, offers precision mapping, crop health monitoring, pest detection, and automated spraying capabilities. This technology enables farmers and plantation owners to make data-driven decisions that optimize resources and improve productivity.
"Our mission is to empower farmers with smart solutions that increase yield while promoting sustainable farming practices," said Dato’ Sri Liew Kok Leong, CEO of ARB IOT. "With our drone technology, we are enabling plantations to make data-driven decisions that optimize resources and improve overall productivity."
By leveraging high-resolution aerial imaging and AI-powered analytics, the Smart AI Drone can detect early signs of disease, nutrient deficiencies, and irrigation needs, allowing for a more targeted approach to plantation management. This minimizes environmental impact by reducing the excessive use of pesticides, fertilizers, and water.
Tailored for commercial plantations and farms across the country, the Smart AI Drone is designed to be accessible and affordable, meeting the diverse needs of agricultural businesses.
ARB IOT Group Limited specializes in the integration of IoT systems and devices, offering a wide range of services, including system integration and support service. The company delivers holistic solutions with full turnkey deployment from design to commissioning of various IoT systems and devices, as well as integrated automated systems.
The press release includes forward-looking statements that involve risks and uncertainties, and actual results may differ materially from those discussed or implied by these statements. The company has made these statements as of the date of the press release and does not undertake any obligation to update or revise them, other than as required by law. This news article is based on a press release statement. Trading at just 0.32 times book value, ARBB presents an interesting opportunity for value-focused investors. For comprehensive financial analysis and detailed metrics, investors can access advanced tools and insights through InvestingPro.
In other recent news, ARB IOT Group Limited announced a strategic partnership with Whizzl Sdn Bhd to distribute its Smart IoT Palm Farming System in Malaysia’s Sabah and Sarawak regions. This collaboration grants Whizzl exclusive rights to sell, distribute, and integrate the smart farming technology, aiming to enhance agricultural efficiency and productivity. The company also secured a contract to manage 3,000 acres of palm oil plantations in Sabah, expected to generate an additional yearly recurring revenue of approximately USD 20 million. In a related development, ARB IOT’s subsidiary, ARB Agro Technology Sdn Bhd, signed an agreement to manage another 2,000 acres of palm oil plantation, potentially boosting annual recurring revenue by USD 13 million.
Furthermore, ARB IOT introduced an AI-powered fertilizer system designed to optimize fertilization processes and promote sustainable farming. This system, integrated with an intelligent agricultural robot, aims to enhance crop yields through precision farming. The company also expanded its AI hardware distribution in East Malaysia, partnering with Whizzl to distribute AI workstations and servers. This move aligns with the Malaysian government’s digital innovation initiatives and reflects the growing demand for AI technology. These developments underscore ARB IOT’s commitment to leveraging IoT and AI technologies to drive growth and sustainability in agriculture.
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