KUALA LUMPUR: SMTrack Bhd’s wholly-owned subsidiary, SMT Turbojet Resources Sdn Bhd, has been appointed as a project management consultant for oil and fuel (O&G) associated providers.
In a Bursa Malaysia submitting, SMTrack mentioned SMT Turbojet has entered right into a project session settlement with Eight Safety Consultancy Sdn Bhd.
The job entails SMT Turbojet serving as the executive consultant for the O&G business’s security product buy course of or any traceability options appropriate with the system to the focused end-users.
Under the settlement, SMT Turbojet is entitled to five% to 10% of the whole project worth revenue, which in response to SMTrack, will assist to diversify the group’s income streams.
In a separate assertion, SMTrack deputy govt chairman Azmi Osman mentioned the project management consultant job would widen the group’s buyer base to incorporate the O&G gamers, that are important to the availability of power globally.
“Given our strength in the radio-frequency identification (RFID) solutions, this will help us to be an effective project administration management support for the petroleum O&G industry safety product purchase processor or any traceability solutions compatible with the system,” he mentioned.