The cooperation is aimed to solve solid waste management problems as part of the organisation’s effort to implement the environmental, social and governance (ESG) elements in the field of sustainable cities and communities. The MoU will explore the fields of Industry 4.0, machine and equipment fabrication and renewable energy, environmental technology and waste-to-wealth conversion.
The MoU was signed in conjunction with Malaysia Urban Forum 2022 (MUF 2022) from 16 until 18 October 2022, here. STV was represented by its Chief Executive Officer, Ts. Ajmain Kasim and DSME was represented by Managing Director, Dato’ Rashedi Ramli. The signing ceremony was witnessed by SIRIM President and Group Chief Executive Officer, Dato’ Indera Dr. Ahmad Sabirin Arshad and DSME Head of Business Development and Public Relations , Asrul Affendi Musanip.
Dato’ Indera Dr Ahmad Sabirin Arshad said, STV will offer its capabilities in terms of Technology Transfer, Technology Assessment, Intellectual Property (IP) Assessment, Market Feasibility Study, Market Accessibility through networking with other subsidiaries, and also consultancy and technical assistance to potential local industries in technology.
"This effort also allows STV to provide SIRIM technology application recommendations and innovative solutions or the use of other technologies to specific target groups.
"DSME at the same time, has linked STV with various industries seeking for technological solutions, market access and other services in the field of renewable energy and solid waste management," he said.
Meanwhile, DSME Managing Director, Dato’ Rashedi Ramli said the partnership will give added value to the parties involved, considering the rapid development of the technology and innovation industry in Malaysia.
"Both parties will gain knowledge and expertise in the field of engineering technology and solid waste management, to share best practices, experience and expertise through joint initiatives, help improve the speed and readiness of the solid waste management ecosystem and the circular economy to face the challenges of Industrial Revolution 4.0.
"The commitment will also act as a factor to boost investment in human capital and research, while simultaneously help to empower quality and sustainable ecosystem," he added.