Thursday, November 25, 2010

Etitech ... Nov10

It is in talks with the Perak state government to jointly set up an energy storage plant at a designated green technology park in Meru, near Ipoh.

If the plan materialises, the company, which provides renewable energy storage solutions, expects to spend some RM100 million on the plant and related equipment.

Eventually, its revenue will continue to come mainly from its mobile charging devices such as for mobile phones and notebooks. But solar application will eventually become one of its major streams of income in future.

ETI was working closely with various government departments and agencies to implement the solar application for its lithium battery projects in remote and rural areas in the country.

The company also signed a business development agreement with Green Electric Sdn Bhd and Erapolitan Sdn Bhd to jointly bid for contracts to supply power via the grid system from the Ministry of Education and Ministry of Rural and Regional Development.

ETI is also looking at expanding its business to Southeast Asian countries, China and India.

Its mission is to become a regional supplier of renewable energy storage system.

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