PJBumi Unit, Izmir Technology Industries to Develop Drones

MT Newswires Live

04/16

PJBumi (KLSE:PJBUMI) unit PJBumi Technologies signed a collaboration agreement with Izmir Technology Industries to develop and supply UAVs, drones, hydrogen power generators, and satellite launch vehicles in Malaysia, Indonesia, and globally.

Under the deal, PJBumi Technologies will have exclusive rights to commercialize Izmir Technology Industries' technologies.

The contract will be valid for five years, according to a Tuesday Malaysian bourse filing.

Price (MYR): $0.93, Change: $-0.0100, Percent Change: -1.06%

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