AT Systematization Bhd (ATS) is among the most active stocks in early session today, after its wholly-owned unit AT Precision Tooling Sdn Bhd signed a memorandum of understanding with Shanghai JieNaXin Mech & Elec Equipment Co Ltd (JNX) to produce high precision tooling parts to make three-ply face masks.
As at 10.41am, ATS was 1.5 sen higher at five sen, with 130,490,600 shares changing hands.
In a statement yesterday, ATS said the two companies would collaborate in producing high precision tooling parts for melt-blown non-woven fabric mask making machines, such as spinneret, as well as localisation of the spinneret.
The spinneret is a device used to extrude a polymer solution or polymer melt to form fibres, a process known as a melt-blown process.
ATS said these fibres are used as part of the key ingredient for the middle layer of a three-ply surgical mask, which is the main filter to prevent the Covid-19 virus from entering into the respiratory system
Under the agreement, ATS said JNX would be responsible for evaluating and proposing the design of the different types of the spinneret, as well as research and development for the localisation of the spinneret. — May 6, 2020, Bernama
