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Collaboration Agreement Signing Ceremony Between Mexter, CHIEF Solutions and UMCH Technology

Mexter (M) Sdn. Bhd (MEXTER), a wholly-owned subsidiary of Mexter Technology Berhad (MTB) has signed a Collaboration Agreement (CA) with CHIEF Solutions Sdn. Bhd (CSSB) and UMCH Technology Sdn. Bhd (UMCH) to commercialize Mexter Home Care, a connected fitness and health tracking solution designed and developed by UMCH and CSSB.

UMCH is a successful spin off company of the UM Commercialization and Innovation Centre (UMCIC), University Malaya. The solution which comprises a range of health measurement devices connected to a managed data facility will enable users to monitor and track their fitness and health statistics via user friendly mobile apps. A key upcoming feature of the solution will also enable users to subscribe for the services of health professionals for third party independent monitoring.

Dato’ Lim Cheng Poh, Chairman of MTB, signed the agreement on behalf of MEXTER while CSSB was represented by its CEO, Teoh Seng Jing, and UMCH was represented by Prof. Dr Awang Bulgiba Awang Mahmud, Chairman of UMCH Technology who is also the Deputy Vice-Chancellor (Academic and International), UM.

Present to witness the signing were Prof. Dr Loo Chu Kiong board member of UMCH, Ivan Sia CEO of MEXTER and Alex Leow CTO of UMCH.

Mexter Home Care, which comprises Intelligent Wearables, Bluetooth or WiFi enabled measurement devices, Mobile Apps and Cloud-based Data Management provides a total solution to track and to archive metrics such as Physical Activity Level, Body Vital Signs, Diet and Sleep Patterns. The solution offers an at-a-glance dashboard view of these metrics for users and the data can even be used by fitness and healthcare professionals to motivate and reinforce positive lifestyle changes for clients.

Under this agreement, UMCH will power the use of its mobile apps and fitness & health portals to Mexter Home Care’s end users while CSSB will provide the intelligent wearables and measurement devices. MEXTER will focus on marketing the Home Care solution to corporations, property developers and consumers locally and within the region.

The collaboration aims to set a new benchmark in e-health services, building on strengths of the parties. It is an important step for MTB as the company explores new vertical markets by leveraging on a fresh business model with revenue streams coming from the sales of the solution and the planned subscription-based services.

The Agreement is effective for 5 years upon signing or such extended period as may be mutually agreed between the parties.

Viewed : 12508 Last Update: January 05, 2017