LKL International Bhd is targeting Selangor as the first state to adopt its trace tokens which are meant to accelerate efforts to contain the spread of the COVID-19 virus, particularly in hotspots such as workplaces, factories and construction sites.
To re-cap, the subsidiary of the medical/healthcare beds, peripherals and accessories provider, LKL Advance Metaltech Sdn Bhd, has secured exclusive distributorship rights for iWOW Technology Pte Ltd’s trace token nationwide.
Currently, iWOW Technology is supplying a similar device used in Singapore as part of the Singapore government’s Trace Together Contact Tracing Programme.
LKL Advance Metaltech will market, sell and distribute trace token manufactured by iWOW Technology across Malaysia.
The trace token is a small Bluetooth device that securely automates the contact tracing process. It detects nearby trace tokens and securely stores the contact history which can be downloaded to facilitate contact tracing efforts.
As of Feb 23, Selangor had 96,237 confirmed COVID-19 cases, accounting for about 33% of Malaysia’s total of 288,229 COVID-19 infections.
“As a first target, we have earmarked factories and construction sites within Selangor as potential areas to use trace token,” LKL’s managing director Lim Kon Lian pointed out.
“With the Selangor state government aiming to implement an outbreak prevention programme at all industrial and manufacturing workplaces, we will proactively seek to commence discussions with the relevant parties on potential collaborations.”
According to Lim, a team at Universiti Malaya will initiate and conduct the pilot project for trace token.
“This reach to other sectors will also be alongside initiatives to market trace token to our current wide network of contacts within the healthcare sector,” noted Lim.
LKL’s distributorship agreement with iWOW Technology will be for an initial duration of two years, and renewable thereafter upon future consensus between both parties.
Established in 1999, Singapore-based iWOW Technology is a global provider of wireless technologies to the mobile and machine-to-machine (M2M) communication markets, and is principally engaged in the business of manufacturing and supplying trace token.
At the close of the morning trading session, LKL was down 5 sen or 6.76% at 69 sen with 6.87 million shares traded, thus valuing the company at RM342 mil. – Feb 24, 2021