Edelteq forms JV with Halo Tech to develop AI-driven inspection machines
The agreement, signed today between Edelteq's wholly owned subsidiary Edelteq Ventures Sdn Bhd (EVSB) and Halo Technologies, will see the formation of a 50:50 joint venture company called Halovision System Sdn Bhd.
With an initial paid-up capital of RM50,000, Halovision will focus on the research and development, manufacturing, and commercialisation of AOI systems, specifically for substrate panel (Raptor series) and semiconductor wafer-level (i-Falke series) inspection.
'This strategic partnership combines Edelteq's engineering and automation capabilities with Halo's artificial intelligence-based inspection technologies to tap into the growing demand for smart manufacturing solutions,' the company said in a filing with Bursa Malaysia.
EVSB will fund its RM25,000 capital contribution via internally generated funds.
Both parties have also agreed to grant exclusivity to the JV within the defined business scope and are barred from directly competing with it without written consent.
Edelteq said the joint venture is aligned with its strategy to expand its high-tech product offerings and strengthen its presence in Industry 4.0.
'The JV is expected to enhance Edelteq's product portfolio, strengthen R&D capabilities, broaden its customer base, and provide new income streams over the long term,' it said.
The collaboration is not expected to have any material effect on Edelteq's earnings or net assets for the financial year ending Dec 31, 2025. — TMR
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