SIRIM TECH VENTURE, GAIA PEBBLES INKED THE AGREEMENT FIRM UP COMMERCIALISATION OF MEDICAL DEVICE TECHNOLOGY SECTOR
SHAH ALAM, 20 DEC 2022: SIRIM Tech Venture Sdn Bhd (STV), a subsidiary company of SIRIM Berhad, recently formalised its collaboration with Gaia Pebbles Sdn Bhd (GAIA) through an Outright Sale Agreement aimed at transferring medical device technology to local industry player.
With the Agreement, STV is transferring the Portable Procedure Station (PPS) technology that will boost GAIA business diversion in medical device industry. PPS is a portable equipment made of medical grade stainless steel 304 to facilitate wound cleansing especially during emergency cases.
It will minimize complications and risk of cross infections to patient whilst providing a safe and hygienic environment. Government hospitals & health clinics are the main target market as most of emergency cases will be referred to. However, it is not limited to private hospitals and clinics as they are also the potential target market.
The agreement was signed at an event ceremony with STV represented by Chief Executive Officer, Ts. Ajmain Kasim and Gaia Pebbles, by its Chief Executive Officer, Anuar Hanizan. The signing was witnessed by President & Group Chief Executive Officer of SIRIM Berhad, Dato’ Indera Dr Ahmad Sabirin Arshad and Chief Executive Officer of Gaia Group of Companies, Abdul Qy’yum Jalal.
"This significant agreement, among other things, will provide GAIA with knowledge in medical device technology and position GAIA as an industry player for PPS in Malaysia. Additionally, GAIA has direct access to available technology solutions in SIRIM as well as external sources," said Dato’ Indera Dr. Ahmad Sabirin Arshad at the signing ceremony.
He added, "We believe that a lot more technology-related solutions are needed for the country, in achieving the high-tech nation vision. Thus, SIRIM Group’s function in developing, facilitating and ensuring the success of the technology ecosystem is imperative especially for medical device technology sector."
The engagements between GAIA and STV has commenced since June 2022 with several discussion and negotiation which led to the signing ceremony of the Outright Sale Agreement between STV and Gaia recently.
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