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6 FAQs about [Citaglobal genetec bess sdn bhd Malta]
Who are Citaglobal & Genetec?
06 Apr 2023 Citaglobal Bhd and Genetec Technology Bhd have formed a joint venture (JV) company to manufacture battery energy storage systems (BESS) and explore opportunities for the business in Malaysia and the Asean region.
What is Citaglobal & Genetec's new battery storage management system?
The latest development follows the October 2022 agreement between Citaglobal and Genetec to develop battery storage management systems to store and manage excess power from renewable energy (RE) generation.
What is the Citaglobal Genetec Bess end-to-end solution?
The Citaglobal Genetec BESS end-to-end solution comprises the BESS structure and management and Power Conversion Subsystem, to the Communications interface, that is highly customised to support different renewable energy sources such as solar, wind and hydro.
What is the difference between Citaglobal and Genetec?
Citaglobal will be responsible to scout for Asean and Malaysian business opportunities and demand for the system, and to obtain necessary approvals and support to undertake any venture. Genetec, on the other hand, will provide the technical expertise on BESS and undertake knowledge transfer to the JV company, the filing said.
Who is Genetec technology Berhad?
Genetec Technology Berhad is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the ACE Market of Bursa Malaysia Securities Berhad (Stock code: 0104) since 2005.
How did Citaglobal share price compare to Genetec share price?
As at 11.30am, Citaglobal shares were up 2.07% for the day to RM1.48 giving the company a market capitalisation of RM561.76 million. Genetec’s share price stood at RM2.89 giving the company a market capitalisation of RM2.17 billion.



































