Articles from ARB IOT Group Ltd

Kuala Lumpur, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQARBB) is pleased to announce that its wholly-owned subsidiary, ARB Agro Technology Sdn Bhd through its exclusive wholesaler, distributor, and system integrator, Whizzl Sdn Bhd, has obtained an order to manage 3,000 acres of palm oil plantations with its AI Smart IoT Palm Farming System which is expected to enhance the operational efficiency of the palm oil estates and improve the yield in the Sabah region, Malaysia. Palm oil production is a major industry in Malaysia, and palm oil is one of the country’s leading agricultural exports globally.

Kuala Lumpur, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQARBB) today announced that it has, through its indirect wholly owned subsidiary, ARB Agro Technology Sdn Bhd, appointed Whizzl Sdn Bhd ("Whizzl") as its exclusive wholesaler, sole distributor, and system integrator for its smart IOT palm farming system (the “Smart IOT Palm Farming System”) in the regions of Sabah and Sarawak.

Kuala Lumpur, Malaysia, March 07, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQARBB) today announced that it has, through its indirect wholly owned subsidiary, ARB R1 Technology Sdn Bhd, appointed Whizzl Sdn Bhd ("Whizzl") as its exclusive wholesaler, sole distributor, and system integrator for the ARB AI workstations and servers in the regions of Sabah and Sarawak. ARB IOT has strengthened its commitment to meeting the surging demand in AI and supporting the Malaysian government’s initiatives to foster digital innovation and sustainability development.

Kuala Lumpur, Malaysia, March 04, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQARBB) today announced that it has, through its indirect wholly owned subsidiary, ARB IOT Group Sdn Bhd, signed an artificial intelligence (AI) Products Supply Agreement with Gajah Kapitalan Sdn Bhd (“GKSB”), an entity dedicated to empowering Malaysian businesses through technological innovation, with a focus on delivering advanced computing systems for enterprises, research institutions and developers in Malaysia. This agreement paves the way for ARB IOT to supply 500 units of state-of-the-art ARB-222 AI servers (“AI Products”) to provide high-performance immersible computer servers to GKSB in a deal valued at approximately US$45.0 million.

Kuala Lumpur, Malaysia, Feb. 27, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQARBB) has, through its indirect wholly owned subsidiary, ARB IOT Group Sdn Bhd, signed a Memorandum of Understanding (“MOU”) to set up an AI data centre experimental laboratory, a state-of-the-art facility designed for advanced research and AI application development. This initiative is in partnership with a UKM startup (the “UKM Startup”) affiliated with the Institute of Visual Informatics of Universiti Kebangsaan Malaysia, a leading research university in Malaysia (“IVI-UKM”), and Gajah Kapitalan Sdn Bhd (“GKSB”).

Kuala Lumpur, Malaysia, Nov. 05, 2024 (GLOBE NEWSWIRE) -- - ARB IOT Group Limited (“AIGL” or the “Company”) (NASDAQARBB) announced the signing of a Memorandum of Understanding (the “MOU”) between its indirect wholly owned subsidiary, ARBIOT Sdn Bhd, with ASUSTeK Computer Inc. (“ASUS”) and ServerSphere to collaborate on global artificial intelligence (AI) server solutions. This strategic partnership aims to combine each party's expertise and resources to provide comprehensive AI server solutions, accelerating the global AI revolution.

Selangor, Malaysia, June 27, 2024 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced that on June 25, 2024, it received a written notification letter (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of US$1.00 per share.

Kuala Lumpur, Malaysia, April 25, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, announced today that it has completed the sale of an additional 187,500 ordinary shares at the public offering price of $4.00 per share, pursuant to the exercise by the underwriter of the over-allotment option, in full, granted to it in connection with the Company’s initial public offering. The Company expects to receive additional gross proceeds of approximately $750,000, before underwriting discounts and commissions.

Kuala Lumpur, Malaysia, April 10, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced the closing of its previously announced initial public offering of 1,250,000 ordinary shares. Each ordinary share was sold at an offering price of $4.00 per ordinary share, for gross proceeds of approximately $5.0 million, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price, less underwriting discounts and commissions.  

Kuala Lumpur, Malaysia, April 04, 2023 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB" or the "Company") (NASDAQARBB), a provider of complete solutions to clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment, today announced the pricing of its initial public offering of 1,250,000 ordinary shares. Each ordinary share is being sold at an offering price of $4.00, for gross proceeds of approximately $5.0 million, before deducting underwriting discounts and offering expenses. In addition, ARB has granted the underwriters a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments at the initial public offering price, less the underwriting discount. All of the ordinary shares are being offered by the Company.