Straits Energy Collaborates With A Singapore-based Company To Explore Wireless Communication Prospects

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Straits Energy Resources Bhd, formerly Straits Inter Logistics Bhd, has partnered with Singapore-based Seashore Technologies Pte Ltd to explore wireless network communication business potential in Malaysia and throughout Southeast Asia.

Seashore is primarily a software firm that specialises in constructing last-mile networks using 4G, 5G, and wireless technologies.

“Seashore provides open virtualised Radio Access Network (RAN) software that enables the creation of a disaggregated multi-vendor, web-scale, cloud native telecommunications network through the use of open interfaces and virtualised baseband units “Straits announced the news in a statement on Monday.

“Seashore also interacts with a growing ecosystem of partners to offer a broad supply chain for Open Radio Access Networks,” the company noted.

Straits group managing director Datuk Seri Ron Ho Kam Choy stated that the digital economy and technology will be the backbone of the nation’s economy, and Straits is eager to enter this vast digital arena quickly, both in terms of 4G and 5G technology rollout and also in terms of the oil and gas (O&G) industry’s digital transformation.

“With the help of Seashore Networks and other collaborative partners in the digital ecosystem, we are optimistic that we can contribute to the digitalization process of both the public and private sectors through our business networking.

“In addition to participating in the nationwide and regional rollout of 4G and 5G networks, Straits intends to lead the oil and gas industry’s digital transformation by optimising and enhancing the use of automation, surveillance, remote operations, and big data analytics via the Internet of Things “Ho stated.

“By the end of 2021, the 5G deployment is projected to begin in Kuala Lumpur, Putrajaya, and Cyberjaya, and we hope to be able to contribute to this process,” he added.

Straits’ shares closed Monday at 18 sen, up five sen or 2.70 percent, valuing the firm at RM140.54 million.

Published by Zack Baharum

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