SYSTECH SIGNS COLLABORATION AGREEMENT WITH PINETOP TECHNOLOGY TO ESTABLISH AI-POWERED DATA CENTRES

Partnership to Leverage Combined Expertise in AI and IT Solutions to Drive Data Centre Development

KUALA LUMPUR, 05 SEPTEMBER 2024 – Systech Bhd (“Systech”), a deep-rooted digital corporate solutions provider, is pleased to announce that SysAIU Sdn. Bhd. (“SysAIU”), a wholly-owned subsidiary of Systech, inked a Collaboration Agreement (“Agreement”) with Pinetop Technology Venture Sdn. Bhd. (“Pinetop”), marking a significant milestone in the establishment of cutting-edge Artificial Intelligence (“AI”) Data Centres in Malaysia.

Under the terms of this Agreement, SysAIU will be responsible for sourcing and managing the essential equipment and infrastructure for the project. This includes high-performance graphics processing units (“GPUs”), servers, storage systems, networking equipment, cooling systems, and power supply units. SysAIU will oversee the installation, configuration, and maintenance of these systems, ensuring they meet the highest industry standards for performance, reliability, and compliance. Additionally, SysAIU will provide technical support, training, and resources to facilitate the efficient and effective use of the infrastructure by data centre staff and stakeholders.

Pinetop, on the other hand, will contribute its extensive experience in AI Data Centre operation and development. Pinetop will provide server and GPU services alongside technical support for these critical components. Furthermore, Pinetop will be responsible for developing the necessary applications and software required for the data centre operations. This includes designing, coding, testing, and deploying software that will optimise the data centres’ functionality and efficiency. Pinetop’s role will be instrumental in ensuring that the data centres not only meet current technological demands but are also adaptable to future advancements in AI and data processing technologies.

For information, Pinetop is a dynamic Malaysian company specialising in the development and operation of AI Data Centres and IT software solutions. The company is renowned for its expertise in designing and building web and mobile applications, as well as developing Large Language Modules (“LLMs”). Pinetop is a channel partner of a leading global data centre operator with facilities across all seven continents, including a significant presence in Johor, Malaysia.

Managing Director of Systech Bhd, Dato’ Derrick Hooi stated, “This collaboration with Pinetop Technology Venture is a significant step forward in our strategic plan to expand into the AI and data centre sectors. By integrating our strengths in AI and cybersecurity with Pinetop’s expertise in data center operation and AI software applications. We are poised to deliver provisioning state-of-the-art data centres that will meet the evolving needs of businesses in Malaysia and beyond. This partnership not only reinforces our commitment to innovation but also positions us to capitalise on emerging opportunities in the digital economy.”

Chief Executive Officer of Pinetop Technology Venture Sdn. Bhd., Mr. Eizaz Azhar commented, “Our partnership with SysAIU marks a significant milestone in our journey to advance AI and data centre technologies in Malaysia. By combining our deep expertise in AI-driven operation with SysAIU’s cutting-edge solutions and servicing of high performance GPU, we are confident that this collaboration will lead to the development of world-class data centres capable of meeting the evolving needs of the digital landscape. We are excited about the potential this partnership holds and look forward to delivering innovative solutions that will drive growth and technological progress in the region.”

Both SysAIU and Pinetop will work closely together in all aspects of the project, from budgeting and financial planning to marketing strategies and operational execution. The collaboration aims to ensure a seamless integration of their respective technologies and expertise, ultimately delivering a robust and scalable data centre solution to the growing demand in Malaysia.

As at 5:00 P.M., 5 September 2024, the share price of Systech Bhd closed at RM0.33, representing a market capitalisation of RM212.70million.