February 23, 2024

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Universiti Malaya Partners to Establish International R&D Centre

Image Credits: Coway, Website

Aimed at strengthening the company’s commitment to being the Best Life Solution Company, a South Korean firm’s Malaysia branch has teamed up with Universiti Malaya (UM) to continue research into developing and providing life-changing solutions beyond care. This is the firm’s first-ever international research and development (R&D) facility outside South Korea.

Through a memorandum of understanding (MOU) signed for an Academic-Industrial collaboration between the two parties, the state-of-the-art R&D centre will be located in UM, with multiple labs to carry out water and sleep quality research.

The company aims to tap into the tech talent of professors and students in the Engineering and Science faculties to reach greater heights in its technological innovations. With this R&D centre, the firm can carry out more in-depth research on how to improve its products, with Malaysians in mind. In addition, this partnership will also see internships, consultations, sponsorships, the establishment of laboratories and more.

The Managing Director of the firm’s Malaysia branch stated that this is their first-ever R&D facility outside of South Korea. He added that through the new R&D centre, strategically located in Malaysia, the company will be able to zoom in and focus on producing top-notch home appliances specially curated for Malaysians.

Through this MOU, the company also aims to promote cross-functional understanding between the two parties such as job and internship opportunities for UM graduates as well as the exchange of knowledge between industry experts from South Korea and Malaysia.

The firm’s first R&D centre was established back in 1993 and is housed in Seoul National University Research Park in Seoul, South Korea. It is one of the largest R&D centres in the world, equipped with 182 cutting-edge devices and equipment. The facility has also been certified by the Water Quality Association (WQA) in America as a Recognised Testing Laboratory focused on running efficiency and safety tests.

The Deputy Vice-Chancellor (Development) of Universiti Malaya stated that all the institution’s students and professors are excited to have the R&D facility set up in UM and are looking forward to this exciting opportunity to share and exchange knowledge with industry experts from South Korea.

The move is in line with UM’s mission to advance knowledge and learning through quality research and education for the nation and to achieve this, UM is intensifying its efforts to enhance the university’s visibility through internationalisation, collaboration and partnerships with strategic industries and stakeholders.

Recent research found that the sleep tech devices market is will grow at a 14.5% CAGR between 2020 and 2030, the global sleep tech devices market revenue is set to reach US$ 49.9 billion by 2030 from US$ 12.8 billion in 2020.

This growth is largely the result of the growing prevalence of sleep disorders, including insomnia, narcolepsy, restless leg syndrome, sleep apnea, and parasomnias, around the world. These issues pose a threat to personal safety, school and work performance, relationships, thinking, and mental health and lead to increased body weight, diabetes as well as cardiovascular diseases.

Wearable devices are witnessing greater demand as they have embedded microsensors that continuously track people’s physiological behaviour. The usage of these devices will grow the fastest for the management of sleep apnea, which, as per RT Magazine, has a global incidence of more than 900 million individuals.

Meanwhile, other research found that the global water quality monitoring equipment market is evaluated at US$4.28 billion for the year 2019 and is projected to grow at a CAGR of 4.21% reaching a market size of US$ 5.72 billion by the year 2026.

A major factor fuelling the growth of the water quality monitoring equipment market is the global demand for industrial wastewater treatment solutions. Moreover, the rising global scarcity of fresh water is pushing both public and private sectors to invest heavily in water management systems, thus, fuelling the demand for water quality monitoring equipment. In addition, stringent regulations regarding wastewater treatment also propel the growth of the water quality monitoring equipment market.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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