ARB IOT Group Limited Secures Yearly Recurring Order of Approximately USD20 Million in Smart IoT Palm Farming Business in Sabah
ARB IOT Group (NASDAQ: ARBB) has announced that its subsidiary, ARB Agro Technology, through distributor Whizzl, has secured an order to manage 3,000 acres of palm oil plantations using their AI Smart IoT Palm Farming System in Sabah, Malaysia.
The system leverages IoT technology to provide real-time monitoring, data analytics, and automation for precision fertilization and pesticides application, aiming to enhance operational efficiency and improve palm oil yield. This partnership is expected to generate additional yearly recurring revenue of approximately USD 20 million.
The announcement comes in the context of Malaysia's position as the world's second-largest producer and exporter of palm oil, with 2022 exports of around 15 million metric tons valued at approximately USD 30.4 billion. The palm oil industry contributed about USD 7.8 billion to Malaysia's total gross domestic product.
ARB IOT Group (NASDAQ: ARBB) ha annunciato che la sua sussidiaria, ARB Agro Technology, tramite il distributore Whizzl, ha ottenuto un ordine per gestire 3.000 acri di piantagioni di olio di palma utilizzando il loro Sistema di Agricoltura Palm Oil Smart IoT in Sabah, Malesia.
Il sistema sfrutta la tecnologia IoT per fornire monitoraggio in tempo reale, analisi dei dati e automazione per la fertilizzazione di precisione e l'applicazione di pesticidi, con l'obiettivo di migliorare l'efficienza operativa e aumentare il rendimento dell'olio di palma. Si prevede che questa partnership generi un reddito ricorrente annuale aggiuntivo di circa 20 milioni di USD.
L'annuncio arriva nel contesto della posizione della Malesia come secondo produttore ed esportatore mondiale di olio di palma, con esportazioni nel 2022 di circa 15 milioni di tonnellate metriche, valutate circa 30,4 miliardi di USD. L'industria dell'olio di palma ha contribuito per circa 7,8 miliardi di USD al prodotto interno lordo totale della Malesia.
ARB IOT Group (NASDAQ: ARBB) ha anunciado que su subsidiaria, ARB Agro Technology, a través del distribuidor Whizzl, ha asegurado un pedido para gestionar 3,000 acres de plantaciones de aceite de palma utilizando su Sistema de Agricultura Palm Oil Smart IoT en Sabah, Malasia.
El sistema aprovecha la tecnología IoT para proporcionar monitoreo en tiempo real, análisis de datos y automatización para la fertilización de precisión y la aplicación de pesticidas, con el objetivo de mejorar la eficiencia operativa y aumentar el rendimiento del aceite de palma. Se espera que esta asociación genere ingresos recurrentes anuales adicionales de aproximadamente 20 millones de USD.
El anuncio se produce en el contexto de la posición de Malasia como el segundo productor y exportador mundial de aceite de palma, con exportaciones en 2022 de alrededor de 15 millones de toneladas métricas valoradas en aproximadamente 30.4 mil millones de USD. La industria del aceite de palma contribuyó con aproximadamente 7.8 mil millones de USD al producto interno bruto total de Malasia.
ARB IOT Group (NASDAQ: ARBB)는 자회사인 ARB Agro Technology가 유통업체 Whizzl을 통해 말레이시아 사바에서 3,000에이커의 팜 오일 플랜테이션을 관리하기 위한 주문을 확보했다고 발표했습니다.
이 시스템은 IoT 기술을 활용하여 실시간 모니터링, 데이터 분석 및 자동화를 제공하여 정밀 비료 및 농약 적용을 통해 운영 효율성을 향상시키고 팜 오일 수확량을 개선하는 것을 목표로 합니다. 이 파트너십은 연간 약 2천만 달러의 반복 수익을 창출할 것으로 예상됩니다.
이번 발표는 말레이시아가 세계에서 두 번째로 큰 팜 오일 생산 및 수출국으로 자리 잡고 있는 가운데 이루어졌으며, 2022년에는 약 1,500만 미터 톤의 수출이 약 304억 달러에 달했습니다. 팜 오일 산업은 말레이시아의 총 국내 총생산에 약 78억 달러를 기여했습니다.
ARB IOT Group (NASDAQ: ARBB) a annoncé que sa filiale, ARB Agro Technology, par l'intermédiaire du distributeur Whizzl, a obtenu une commande pour gérer 3 000 acres de plantations de palmiers à huile en utilisant leur Système de Culture de Palmier à Huile Smart IoT en Sabah, Malaisie.
Le système exploite la technologie IoT pour fournir surveillance en temps réel, analyse de données et automatisation pour la fertilisation de précision et l'application de pesticides, visant à améliorer l'efficacité opérationnelle et à augmenter le rendement en huile de palme. Ce partenariat devrait générer des revenus récurrents annuels supplémentaires d'environ 20 millions USD.
L'annonce intervient dans le contexte de la position de la Malaisie en tant que deuxième producteur et exportateur mondial d'huile de palme, avec des exportations en 2022 d'environ 15 millions de tonnes métriques d'une valeur d'environ 30,4 milliards USD. L'industrie de l'huile de palme a contribué pour environ 7,8 milliards USD au produit intérieur brut total de la Malaisie.
ARB IOT Group (NASDAQ: ARBB) hat angekündigt, dass ihre Tochtergesellschaft, ARB Agro Technology, über den Distributor Whizzl einen Auftrag zur Verwaltung von 3.000 Acres Palmölplantagen in Sabah, Malaysia, erhalten hat, wobei ihr AI Smart IoT Palm Farming System eingesetzt wird.
Das System nutzt IoT-Technologie, um Echtzeitüberwachung, Datenanalyse und Automatisierung für präzise Düngung und Pestizidanwendung bereitzustellen, mit dem Ziel, die Betriebseffizienz zu steigern und den Palmöl-Ertrag zu verbessern. Diese Partnerschaft wird voraussichtlich zusätzliche jährliche wiederkehrende Einnahmen von etwa 20 Millionen USD generieren.
Die Ankündigung erfolgt im Kontext der Position Malaysias als zweitgrößter Produzent und Exporteur von Palmöl weltweit, mit Exporten von etwa 15 Millionen metrischen Tonnen im Jahr 2022, die auf etwa 30,4 Milliarden USD geschätzt werden. Die Palmölindustrie trug etwa 7,8 Milliarden USD zum gesamten Bruttoinlandsprodukt Malaysias bei.
- Secured significant USD 20 million yearly recurring revenue stream
- Large-scale implementation covering 3,000 acres of palm oil plantations
- Partnership with established distributor Whizzl expands market reach
- Entry into Malaysia's palm oil sector, the world's second-largest producer
- None.
Insights
ARB IOT's USD 20 million yearly recurring revenue deal represents a potentially transformative development for this small-cap company. With a market capitalization of just
The recurring nature of this revenue stream is particularly valuable from an investment perspective. Recurring revenue models typically command higher valuation multiples than one-time sales due to their predictability and stability. For context, SaaS and IoT solutions providers with significant recurring revenue often trade at 5-10x annual recurring revenue, compared to the company's current valuation of just over 1x this new contract value.
This deal provides strong validation of ARB's technology in a substantial agricultural market. Malaysia's position as the world's second-largest palm oil producer (exporting
The partnership model with Whizzl as distributor likely reduces ARB's direct sales and marketing expenses while leveraging an established market presence to accelerate adoption. This suggests efficient customer acquisition despite the likely revenue sharing arrangement.
Investors should monitor implementation timelines, customer satisfaction metrics, and whether this contract catalyzes additional deployments within Malaysia's extensive palm oil industry, which contributed
ARB's Smart IoT Palm Farming System addresses critical efficiency challenges in palm oil production through a comprehensive technological approach. The system combines real-time monitoring via IoT sensors with advanced data analytics and automation capabilities that enable precision agriculture techniques specifically optimized for palm plantations.
This technology targets several key pain points in palm oil cultivation: optimizing fertilizer application (typically representing
The 3,000-acre implementation represents a substantial real-world deployment that will generate valuable performance data and serve as a powerful reference case for future sales. The system's focus on both productivity improvement and sustainability aligns well with industry trends, as palm producers face dual pressures to maximize yields while demonstrating environmental responsibility.
From a technological perspective, ARB's integration of AI with IoT sensors creates a powerful feedback loop that should continuously improve recommendations and outcomes over time. As the system collects more data across diverse growing conditions, its predictive capabilities and value proposition should strengthen.
This implementation positions ARB as an early technology leader in a massive global agricultural sector that has traditionally lagged in advanced technology adoption compared to other industries. The scalability of their solution across Malaysia's 6 million hectares of palm plantations represents significant growth potential beyond this initial contract.
Kuala Lumpur, Malaysia, March 11, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) 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.
Malaysia is the world’s second-largest producer and exporter of palm oil, after Indonesia. In 2022, it exported around 15 million metric tons of palm oil and palm-based products. These exports were valued at around 137 billion Malaysian ringgit (approximately USD 30.4 billion). In total, the palm oil industry contributed around 35 billion ringgit (approximately USD 7.8 billion) to Malaysia’s total gross domestic product.
The Company’s Smart Farming System is designed to enhance efficiency, optimize resource allocation, and improve productivity for palm plantation. Leveraging Internet of Things (IoT) technology, this system provides real-time monitoring, data analytics, and automation to support precision fertilization and pesticides, ultimately driving sustainability and profitability in the agricultural palm oil sector in Malaysia.
Dato’ Sri Liew Kok Leong, CEO of ARB IOT said “The partnership with Whizzl marks a significant milestone for ARB IOT as we expand the reach of our Smart Farming System to one of the key regions in Malaysia. Through our collaboration with Whizzl in the Smart IoT Palm Farming business, we anticipate generating additional yearly recurring revenue of approximately USD 20 million. With Whizzl’s expertise and market presence, we are confident that more farmers and plantation owners will benefit from our cutting-edge smart farming technology.
Under our collaboration with Whizzl, Whizzl plays a key role in marketing and distributing our Smart IoT Palm Farming solutions. Ensuring greater accessibility for palm plantation owners and agribusinesses, our solutions are expected to drive technological advancements, improve operational efficiencies, and optimize yields within the industry.
We believe that Whizzl’s extensive marker expertise and distribution network will help expand the reach of our Smart IoT Palming Farming solutions, empowering palm farmers with data-driven insights and automation.”
About ARB IOT Group Limited
ARB IOT Group Limited is a provider of complete solutions to clients for the integration of Internet of Things (IoT) systems and devices from designing to project deployment. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works.
Safe Harbor Statement
This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward looking statements, other than as required by applicable law.
For further information, please contact:
ARB IOT Group Limited
Investor Relations Department
Email: contact@arbiotgroup.com
FAQ
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