BUSINESS

BCM ALLIANCE RECEIVES RM845 MLN ORDER FROM EC TECH FOR COVID-19 ATTENUATION DEVICES

26/07/2021 05:08 PM

KUALA LUMPUR, July 26  -- BCM Alliance Bhd (BCMAll) has received an offer letter from Euro-China Technology Achievement Transformation (Tianjin) Co Ltd (EC Tech) to purchase 100,000 units of COVID-19 attenuation devices worth RM845 million.

In a statement today, BCMAll said the order was through its wholly-owned subsidiary, BC Medicare Sdn Bhd and Hong Kong corporation, rLoop Ltd.

“A virus attenuation device uses photon-mediated electrons and emitters under rLoop’s brand name of rGuard in the global market, except for India, which could disable the coronavirus in enclosed spaces with up to 99.9 per cent efficacy.

“Via a memorandum of understanding, rLoop has engaged BCMAll to manufacture, test, configure, assemble, pack and ship the devices as well as provision of manufacturing services for the virus attenuation devices,” said BCMAll.

The company also said that at US$2,000 (US$1=RM4.22) per rGuard unit, the price will include royalties, installation and debugging, operations and technology information training, data monitoring and maintenance services.

“A separate original equipment manufacturer agreement between rLoop and BCMAll is also underway.

“BCMAll will be responsible for providing training to EC Tech on the functions and operations of the goods,” it said.

BCMAll executive director Hoo Swee Guan said the group was also authorised to market the products to global markets, except India, and the future sales volume is expected to bring considerable turnover to the group.

“The rGuard can be installed in all indoor areas and has a huge market potential,” he said, adding that all three parties would be negotiating towards a tri-partite definitive agreement to formalise the order.

BCMAll is a Malaysia-based company that offers a wide array of maintenance services of electrical equipment, commercial laundry equipment, distribution of healthcare products and clinical devices.

BC Medicare is in the business of designing, developing, manufacturing, testing, configuring, assembling, packaging and shipping electronic assemblies and systems.

Meanwhile, rLoop has the intellectual property and licensing right for designing, manufacturing (including contract manufacturing), developing, distributing, marketing and selling of the virus attenuation device.

-- BERNAMA

 

 


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