ATPC Partners with Photons Solar to Advance Solar PV Mounting Systems in ASEAN

Rhea-AI Summary

ATPC Green Energy, a subsidiary of NASDAQ-listed AGAPE ATP (ATPC), has formed a strategic partnership with Xiamen Photons Solar Technology to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. This collaboration aims to boost renewable energy adoption and support carbon neutrality in the region. The partnership leverages Photons Solar's expertise in PV mounting systems and ATPC's local market knowledge to address grid stability and power supply challenges, particularly in Sabah. With Photons Solar's extensive experience, including over 5 GW in cumulative shipments and a 960,000 square meter manufacturing facility, the collaboration is set to accelerate the transformation of the ASEAN solar market and contribute to the region's zero-carbon energy future.

Positive

• Strategic partnership to develop solar PV mounting systems for ASEAN markets
• Alignment with ASEAN countries' efforts towards carbon neutrality
• Potential to address grid stability and power supply challenges in Sabah
• Access to Photons Solar's expertise with over 5 GW in cumulative shipments
• Leveraging Photons Solar's large 960,000 square meter manufacturing facility

Negative

• None.

Financial Analyst

This collaboration between ATPC Green Energy and Photons Solar marks a strategic move in the ASEAN renewable energy sector. While the immediate financial impact isn't quantified, the partnership could potentially boost ATPC's market share in the growing solar PV industry. The focus on Sabah's energy challenges suggests a targeted approach to market expansion. Investors should monitor for future announcements on project sizes and revenue projections. The partnership with a subsidiary of a Shenzhen-listed company may also provide access to additional capital and technology, potentially enhancing ATPC's competitive position in the long term.

Renewable Energy Expert

This collaboration is a significant development for ASEAN's renewable energy landscape. By combining ATPC's local market knowledge with Photons Solar's technical expertise (5+ GW cumulative shipments), the partnership is well-positioned to address region-specific challenges. The focus on grid stability and power supply in Sabah is crucial, as these are common hurdles in renewable energy adoption. The partnership's emphasis on versatile and flexible solutions is particularly important given the diverse geographical and infrastructural conditions across ASEAN. This approach could accelerate solar PV adoption and contribute meaningfully to the region's carbon neutrality goals.

Market Research Analyst

The ATPC-Photons Solar partnership is strategically timed to capitalize on the growing renewable energy market in ASEAN. With governments implementing supportive policies for carbon neutrality, demand for solar PV solutions is likely to surge. The collaboration's focus on customized mounting systems addresses a critical need in the diverse ASEAN landscape. However, the success will depend on factors like pricing competitiveness, speed of implementation and ability to navigate local regulations. Investors should watch for early project wins and expansion into other ASEAN countries beyond Malaysia as indicators of the partnership's effectiveness and market reception.

Joint Initiative to Boost Renewable Energy Adoption and Support Carbon Neutrality in the Region

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 13, 2024 / NASDAQ-listed AGAPE ATP Corporation ("ATPC"), through its subsidiary, ATPC Green Energy Sdn. Bhd. ("ATPC Green Energy") has entered into a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd ("Photons Solar"), a value chain partner of a Shenzhen Stock Exchange-listed Fujian Minfa Aluminium Co., Ltd ("Fujian Minfa Aluminium"). This collaboration focuses on developing solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries. The agreement was signed at Photons Solar's headquarters in Xiamen, China.

This partnership comes at a pivotal time as ASEAN countries intensify their efforts toward a zero-carbon energy future. Governments in the region have been implementing various policies to encourage the development and use of renewable energy, with a strong focus on achieving carbon neutrality. The collaboration between Photons Solar and ATPC Green Energy, both leaders in renewable energy innovation, is designed to accelerate these efforts and drive the transformation of the ASEAN solar market.

L-R: Mr. Paul Cao, CEO of Xiamen Photons Solar Technology Co. Ltd & Prof Dato' Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC

Prof Dato' Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, said, "This partnership with Photons Solar is a strategic step forward for us as we continue to develop solar PV farms in Sabah. Our collaboration aims to address critical issues such as grid stability and power supply challenges, ultimately supporting Sabah's shift to a clean, affordable, and reliable energy source. By aligning our efforts with a partner that shares our vision, we are well-positioned to make a significant impact on the renewable energy landscape in the region."

"We believe that sharing technological expertise is the key to driving innovation and fostering collaboration. By working with Photons Solar, we are combining our strengths to create versatile and flexible solar solutions that cater to the diverse needs of the ASEAN market. This partnership allows us to leverage local insights and advanced technologies, further supporting our commitment to advancing renewable energy goals across the region," How added.

Photons Solar, renowned for its extensive experience in solar PV mounting systems with over 5 gigawatts (GW) in cumulative shipments and a 960,000 square meter manufacturing facility owned by Fujian Minfa Aluminium, brings a wealth of knowledge and advanced technology to this collaboration. The company is committed to providing high-quality, efficient, and customized solar mounting solutions that cater to various customer requirements.

Mr. Paul Cao, Chief Executive Officer at Photons Solar, said, "We are pleased to partner with ATPC Green Energy, given their solid presence and experience in the ASEAN region. Collaborating with a company that understands the local market dynamics allows us to work more effectively towards our shared goals in promoting renewable energy. We look forward to this journey together."

The projects under this collaboration will leverage Photons Solar's state-of-the-art solar mounting systems while drawing on ATPC Green Energy's service-oriented approach. By integrating their expertise in project management, technological innovation, product quality, and service excellence, both companies are poised to deliver efficient, reliable, and environmentally sustainable solar projects that align with the region's energy needs.

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About AGAPE ATP Corporation

Agape ATP Corporation (ATPC) is dedicated to enhancing the quality of life and promoting sustainable development. With a strong foundation built on two core business pillars, ATPC specialises in the provision of health and wellness products that caters to the diverse needs of its customers, ensuring their well-being and vitality. Additionally, APTC delivers comprehensive energy-saving solutions that empower companies to drive sustainability initiatives, reduce energy consumption, and achieve their sustainability goals.

For more information, visit https://atpc.com.my/.

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Agape ATP Corporation

For more information, please contact:

Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

Mandy Tan
Tel: +60 16-477 2257
Email: m.tan@swanconsultancy.biz

FORWARD LOOKING STATEMENT

Certain statements contained in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected benefits and outcomes of the relaunch of ATPC Green Energy, the support from B&H Intec Solution, and the potential for energy-saving solutions in various sectors. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the Company's ability to execute its strategies, manage growth, and maintain its corporate culture; the Company's future business development, financial conditions, and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Malaysia and the international markets the Company plans to serve, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and AGAPE ATP Corporation specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

SOURCE: Agape ATP Corporation

View the original press release on accesswire.com

FAQ

What is the purpose of ATPC's partnership with Photons Solar?

ATPC has partnered with Photons Solar to develop solar photovoltaic (PV) mounting systems for Malaysia and ASEAN countries, aiming to boost renewable energy adoption and support carbon neutrality in the region.

How will the ATPC-Photons Solar collaboration impact Sabah's energy sector?

The collaboration aims to address grid stability and power supply challenges in Sabah, supporting the state's shift to clean, affordable, and reliable energy sources through the development of solar PV farms.

What experience does Photons Solar bring to the ATPC partnership?

Photons Solar brings extensive experience in solar PV mounting systems, with over 5 gigawatts (GW) in cumulative shipments and access to a 960,000 square meter manufacturing facility owned by Fujian Minfa Aluminium.

How does the ATPC-Photons Solar partnership align with ASEAN energy goals?

The partnership aligns with ASEAN countries' intensified efforts towards a zero-carbon energy future by accelerating the development and use of renewable energy technologies in the region.