BUSINESS

EDGE’S CARACAL JOIN FORCES WITH KETECH ASIA ON LOCALISED ASSEMBLY, RESALE OF TACTICAL ASSAULT RIFLE

24/05/2023 05:38 PM

KUALA LUMPUR, May 24 (Bernama) -- CARACAL, an EDGE Group (EDGE) Company and a leading small arms manufacturer, announced the signing of an agreement with Ketech Asia, an advanced ammunition producer and small arms solutions provider, for the production and resale of CARACAL’s CAR 816 in Malaysia.

Under the agreement, the two companies will conduct a transfer of technology that enables Ketech Asia to assemble the highly reliable, mission-proven CAR 816 tactical assault rifle at its new facilities in Pahang, in support of the Royal Malaysia Armed Forces requirements.

Cooperation will also take place to review the potential of co-developing new firearms, and Ketech Asia will become an official reseller of the rifle, with the aim to increase sales of regionally manufactured advanced products and solutions in markets across Southeast Asia.

This move underscored EDGE’s confidence in developing valuable and mutually beneficial industry partnerships in Malaysia.

In a statement, EDGE said the agreement with Ketech will also aid EDGE to explore other opportunities in Malaysia for the full range of CARACAL small arms.

The agreement was signed by CARACAL Chief Executive Officer (CEO), Hamad Al Ameri and Ketech Asia CEO, Mohd Nahar Mohd Nasir, at the Langkawi International Maritime and Aerospace Exhibition (LIMA 2023), in Langkawi which will be held until May 27.

Launched in November 2019, the United Arab Emirates-based EDGE is one of the world’s leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation.

-- BERNAMA


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