Kuala Lumpur, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) is pleased to announce that its wholly-owned subsidiary, ARB Agro Technology Sdn Bhd through its exclusive wholesaler, distributor, and system integrator, Whizzl Sdn Bhd, has obtained an order to manage 3,000 acres of palm oil plantations with its AI Smart IoT Palm Farming System which is expected to enhance the operational efficiency of the palm oil estates and improve the yield in the Sabah region, Malaysia. Palm oil production is a major industry in Malaysia, and palm oil is one of the country’s leading agricultural exports globally.
Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2022, it exported around 15 million metric tons of palm oil and palm-based products. These exports were valued at around 137 billion Malaysian ringgit (approximately USD 30.4 billion). In total, the palm oil industry contributed around 35 billion ringgit (approximately USD 7.8 billion) to Malaysia’s total gross domestic product.
The Company’s Smart Farming System is designed to enhance efficiency, optimize resource allocation, and improve productivity for palm plantation. Leveraging Internet of Things (IoT) technology, this system provides real-time monitoring, data analytics, and automation to support precision fertilization and pesticides, ultimately driving sustainability and profitability in the agricultural palm oil sector in Malaysia.
Dato’ Sri Liew Kok Leong, CEO of ARB IOT said “The partnership with Whizzl marks a significant milestone for ARB IOT as we expand the reach of our Smart Farming System to one of the key regions in Malaysia. Through our collaboration with Whizzl in the Smart IoT Palm Farming business, we anticipate generating additional yearly recurring revenue of approximately USD 20 million. With Whizzl’s expertise and market presence, we are confident that more farmers and plantation owners will benefit from our cutting-edge smart farming technology.
Under our collaboration with Whizzl, Whizzl plays a key role in marketing and distributing our Smart IoT Palm Farming solutions. Ensuring greater accessibility for palm plantation owners and agribusinesses, our solutions are expected to drive technological advancements, improve operational efficiencies, and optimize yields within the industry.
We believe that Whizzl’s extensive marker expertise and distribution network will help expand the reach of our Smart IoT Palming Farming solutions, empowering palm farmers with data-driven insights and automation.”
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