Three M'sian Companies Inks MoU With US Company To Tap On Global Ventilator Market

KUALA LUMPUR, May 18 (Bernama) -- Sanichi Technology Bhd (Sanichi), AT Systematisation Bhd (ATS) and PNE PCB Bhd (PNEPCB) have inked a memorandum of understanding (MoU) with a US company -- Arzon Solar, LLC (ARZ) to form a joint venture company to design, research and produce medical-grade mechanical air ventilators for local and overseas healthcare markets. In a joint statement, it said the Malaysian companies will be responsible for the production of the product and obtaining the necessary licenses and certificates required, while ARZ will be responsible for the distribution and marketing of the product for both domestic and international markets. Sanichi managing director Pang Chow Huat said COVID-19 pandemic has caused a surge in demand for ventilators with the global mechanical medical ventilators market is valued approximately at US$1.05 billion currently. “The global market for mechanical air ventilator is estimated to reach US$ 3.02 billion by the year 2027, an increase of almost USD2 billion over the next seven years. “This pie is super big. Too big for all four of us to fill the order,” he said. Furthermore, ATS managing director Choong Lee Aun said the company are a certified contract manufacturer of endoscope and have been producing endoscopy accessories metal parts for medical device manufacturers. “Capitalising on our expertise and experience, together with our ISO 13485 medical certification, we believe this new joint venture can manage to pool our comprehensive business experience to keep up with complexity, quality and compliance at once,” he said. PNEPCB executive director Kua Khai Loon said the company has decades of experience in manufacturing printed circuit boards for customers from Japan, US and Europe and believe the ventilators will be a very innovative international product that will be able to ease the demand of the industry globally. -- BERNAMA