KUALA LUMPUR, June 27 (Bernama) — ARB IOT Group Ltd (“ARB IOT” or “Group”), a Nasdaq-listed company and a player in the Internet of Things (IoT) and AI-based technologies, has announced an unprecedented partnership with Potboy Group, Malaysia’s rapidly growing retail operator to launch Malaysia’s first ‘Pick-N-Go’ machines across selected MRT stations, a move that ushers in the future of retail shopping and technological integration in the country.
ARB IOT Group anticipates revenues of approximately RM30 million in FY2024 and an estimated RM200 million for the next three years. In addition, the partnership will generate recurring maintenance revenue for ARB IOT, which could drive long-term sustainable recurring revenue for the Group.