While G3 and Green Packet are both involved in IoT, Puan stresses that there is no duplication of resources and unhealthy competition between the two companies.
Instead, there is a potential to become “extremely synergistic” as Green Packet is principally involved in connectivity devices and communications, while Atilze is an IOT services solution provider with an IOT platform.
“We can imagine lots of opportunities for Green Packet to support G3 by providing IoT devices and hardware. We are also building a big data collection and analytic platform (software) that connects multiple IoT devices,” he explains.
For instance, the connected car platform will have the capability to collect data on engine condition and driving behaviour, which will be very useful for the auto and insurance industries.
“It can even provide predictive maintenance, using real-time diagnostics, for the car. Car buyers would have an app that alerts them of car engine problems. These are precursors to autonomous cars,” he says.
Besides connected vehicles, Atilze focuses on another two main areas: smart city (including smart township, smart building and smart home) and smart agriculture.
“Imagine, millions of objects will be connected with microsensors. It is no wonder that the International Data Corp (IDC) forecasts the industry will be worth a mind-blowing US$1.7 trillion by 2020. Now, it is up to industry players like Atilze to explore and create value for end users to enable a digital lifestyle like never before,” says Puan.
Since its diversification into the ICT space, G3 has inked distribution partnership agreement with Gemtek, and collaborated with Cyberview Sdn Bhd to build Cyberjaya as the first Smart City in Southeast Asia.
In fact, Gpacket made money last quarter, just that the finance cost 4 million made it looked like it made losses. Do note that the finance cost does not need cash payment. For the time being, e-services still need time to see profit, and founder, Mr Puan himself is optimist that more revenue from IOT will start to come in coming quarters. I've met him in person.
Puan said G3 is expanding its business via diversification and has strong support from its two new strategic shareholders, Green Packet Bhd and Taiwan-listed Internet of things (IoT) player, Gemtek Technology Corp.
Based on recent trading volume, look like someone is collecting in huge volume between 39.5 to 40 sen. Sometime we can see the buyer buying in huge volume in a few batches everyday.
SHQuah, the investment in G3 is worth about Rm 140mio and GP´s marketvalue is Rm 300mio. Difficult to say what the real value of GP is but at least Rm 100mio more than today.
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SHQuah
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Posted by SHQuah > 2017-10-17 16:38 | Report Abuse
Based on the continue buyer volume, look like something is happening soon ?
Just wait for the good news.