In a submitting with Bursa Malaysia final week, ITMax System introduced that it had accepted a letter of acceptance (LOA) from Kuala Lumpur metropolis corridor (DBKL) to function and keep a wise visitors gentle system throughout the town for 3 years, The Edge studies.
Particulars of the challenge, which is price RM42 million, corresponding to the location possession date and the completion timeline, might be decided sooner or later. In its submitting, ITMax mentioned that work will solely start after it has met the LOA’s circumstances, which embrace offering a RM700,000 efficiency bond and submitting the required insurance coverage paperwork with proof of cost.
The factitious intelligence (AI)-powered digital infrastructure options supplier was beforehand appointed in 2023 to deploy a wise visitors controller system in Kuala Lumpur.
In an announcement, ITMax MD and CEO William Tan Wei Lun mentioned the contract displays DBKL’s confidence within the firm and its expertise. He mentioned the system would combine CCTV infrastructure with AI-driven analytics to allow real-time visitors monitoring, adaptive sign management and data-driven decision-making, bettering visitors stream and street security.
Earlier this month, ITMax received a RM36 million contract from the ministry of residence affairs (KDN) to deploy an AI-powered CCTV system at nationwide cross-border entry and exit factors throughout the peninsular.
If the corporate sounds acquainted, you in all probability heard it from avenue parking – again in August, its 70%-owned subsidiary Selmax secured a 10-year contract from each the Subang Jaya metropolis council (MBSJ) and Shah Alam metropolis council (MBSA) to handle the Selangor Clever Parking (SIP) system for each councils.
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