Key Asic working with Russian partner to develop smart transport system

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PETALING JAYA: Internet of Things (IoT) chip and systems manufacturer Key Asic Bhd said it is currently collaborating with a major system provider based in Russia to develop smart transport system.

“The next big thing for us now is the ‘connected cars’. That means getting the cars connected to the internet,” the group’s CEO Eg Kah Yee told reporters after its AGM here today.

“So all the data that is related to the car then get uploaded to cloud, and can be used for basic application such as collecting toll, parking fee and also for safety,” he added.

Currently, Eg said the healthcare and smart transport are the main markets for the group, noting about 50% of its IoT chips come from the healthcare market.

He said the group’s customers are largely from Europe, Taiwan, Japan and the US.

At the noon break, Key Asic’s share price was unchanged at 24.5 sen, with some 4.11 million shares changing hands.


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