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i-Stone seals reseller deal with Siemens Industry Software, welcomes Awang Daud as major shareholder

12 Aug 2020 / 22:34 H.

PETALING JAYA: i-Stone Group Bhd’s wholly owned subsidiary, i-Stone Systems Sdn Bhd, has entered into a reseller agreement with Siemens Industry Software Pte Ltd to distribute the latter’s manufacturing operations management solution, Opcenter™, as well as software and hardware for printed circuit board industry’s end-to-end software solution, VALOR™.

According to its Bursa Malaysia disclosure, the group said it has joined Siemens’ digital industries software solution provider partner programme, which enables it to act as a value-added reseller for certain software, hardware and services.

I-Stone disclosed that it has been appointed as a non-exclusive reseller of the products for an initial period of one year and it will be renewed automatically for a successive year.

“The partnership allows us not just to resell Siemens Digital Industries Software products but also provide value-added integration services to customers. At the same time, we can also cross-sell our automation solutions to the customers.

“This is a great opportunity to partner with Siemens for offering high-end software solutions to the customers in digitalising their manufacturing processes. We are hopeful that this partnership will bring significant contribution to the company’s revenue in the next few years,” said Its managing director, Rebecca Tee.

In a separate statement, the group disclosed that Serba Dinamik’s co-founder and executive chairman, Datuk Awang Daud Awang Putera, has emerged as a substantial shareholder with a 26.98% equity stake in i-Stone after acquiring 329.61 million shares from One United Equity Sdn Bhd.

“Investing into i-Stone is a long-term business strategy to leverage on the technologies of Industry 4.0 such as automation and big data with new inroads to be made through jointly marketing its products not just among larger companies but also mid-sized ones,” said Awang Daud.

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