(24 November 2017, Kuala Lumpur) KeyASIC Berhad has announced today that Prof Dr. Low Teck Seng joins KeyASIC Berhad as the Independent Director. Prof Dr. Low Teck Seng is currently the CEO of National Research Foundation (NRF) of Singapore which is the highest authority of research organization for technology in Singapore, Managing Director of Agency of Science, Technology and Research (A*STAR), Professor at Nanyang Technology University and Professor at National University of Singapore. Some of the significant positions that he held before include CEO of Parkway Education Pte Ltd and Group SVP of Parkway Holdings, CEO of Republic Polytechnics and Dean of Faculty of Engineering at National University of Singapore. Additionally, Prof Low also sits on the board of listed companies. Born and grew up in Malaysia, he later received his higher education abroad and received his PhD in Electrical Engineering from University of Southampton, UK.

“Key ASIC is a very visionary and exciting company with a business strategy and technology portfolio which positions it to capitalize on the digital disruption that we see across many industries. I am looking forward to working with the Board and management on supporting   the company’s strategies and plans.”, said Prof Low.

“We are delighted to have Prof Dr. Low Teck Seng joining us as the Independent Director. His technological expertise and wide network of business resources in the technology world will be able to help the Company with more business alliances”, said Mr. Eg Kah Yee,   Chairman of KeyASIC.

About KeyASIC:

KeyASIC Berhad (Stock Code: 0143) is a public listed company on Mainboard of Bursa Malaysia. It specializes design and manufacturing of IOT chips and system, connecting any electronics and non-electronic items to the Internet. Kcard, Kdrive, Mcard and Mdrive are the IOT products currently shipping in the market. It also offers turnkey ASIC design service and SoC design and manufacturing. Its customers are largely in the US, Russia and Asia. It has offices in Malaysia and Taiwan.

Note

NRF sets the national direction for research and development (R&D) by developing policies, plans and strategies for research, innovation and enterprise. It also funds strategic initiatives and builds up R&D capabilities by nurturing research talent. The NRF aims to transform Singapore into a vibrant R&D hub that contributes towards a knowledge-intensive, innovative and entrepreneurial economy; and make Singapore a magnet for excellence in science and innovation. More details of Prof Low Teck Seng can be found in the following link:

https://www.asianscientist.com/2016/02/features/sg50-pioneer-teck-seng-builde

(Petaling Jaya, 28 November 2017) KeyASIC Berhad (Stock Code: 0143) announced today that it has delivered the System Development Kit (SDK) licenses and SPG chips for the IOT development to JSC Progress MRI in Russia of total value of approximately RM1.9M. The SDK and IOT chips will be used for the development of the IOT devices.

KeyASIC has an IOT SoC product line called SPG targeting the Internet of Things market. The SPG is an IOT SoC that is capable of running up to 350MHz and has been used by various customers in designing IOT systems including Wi-Fi Spy Glasses, rehabilitation and dementia device, fundus cameras, blood pressure monitors, ECG device and others. This ultra-low power SoC comes in a SIP package that consists of the SoC, up to 32MB SDRAM and NOR FLASH. The IOT SDK platform consists of Wi-Fi module and capable of supporting a micro SD card, and it is literally the smallest computer without a display in the world.

JSC Progress MRI (http://www.mri-progress.ru/en/about/info/) is a wholly own subsidiary of ROSEL, the largest state-owned enterprise for electronics industry that specializes on the development and production of navigation systems in Russia. It is also the leading chip design company for GLONASS chips. GLONASS is the satellite system in Russia or the equivalent of GPS.

One of the main applications of the KeyASIC IOT chip and SDK together with the GLONASS chip is connected cars. The “Connected Cars Module” will be installed in the vehicles and it will be connected to the Cloud that is capable of tracking not only the location but also the trail of the vehicles. The APP of the Connected Cars will be used for parking and tracking of parking lots, calculation of toll fees and collection of such fees automatically, safety and services of the vehicles if the event of emergency happens, and real-time traffic control and management in easing the traffic jams.

Other applications of the connected cars include tracking of the departure and arrival of the vehicles and this is extremely useful for monitoring safety of the school buses, money trucks or trucks carrying valuable goods.

About Key ASIC:

Key ASIC Berhad (Stock Code: 0143) is a public listed company on Mainboard of Bursa Malaysia. It specializes design and manufacturing of IOT chips and systems, connecting any electronics and non-electronic items to the Internet. Kcard, Kdrive, Mcard and Mdrive are the IOT products currently shipping in the market. It also offers turnkey ASIC design service and SoC design and manufacturing. Its customers are largely in the US, Russia and Asia. It has offices in Malaysia and Taiwan.

About JSC PROGRESS MRI:

JSC Progress MRI is the leading ASIC design companies ad their ASICs are used in satellite communications modems, ATM equipment, PCM equipment, radars, satellite navigation, mobile radiotelephonic communications, intra-area and backbone communication networks.