Tuesday, May 26, 2015
BAE SYSTEMS EXTENDS COMMITMENT TO INDUSTRIAL PARTNERSHIP WITH MALAYSIAN SMES
KUALA LUMPUR, Malaysia – BAE Systems, the global defence, security and aerospace manufacturer, confirms its participation and sponsorship of the ASEAN SME Showcase and Conference 2015 as part of its aim to help raise Malaysia’s global competitiveness by continuing dialogue and developing partnerships with innovative, small-and-medium enterprises (SMEs) in Malaysia.
Held over three days from 26th to 28th May 2015 at the Kuala Lumpur Convention Centre, the ASEAN SME Showcase and Conference 2015 serves as a conduit for BAE Systems to introduce Malaysian SMEs to its global aerospace supply chain of over 7,000 suppliers and to explore opportunities to work with BAE Systems.
John Brosnan, Managing Director, BAE Systems, South East Asia, said: “Over the past few years, we have successfully linked a number of Malaysian SMEs with UK-based companies and this year we continue to sustain our efforts in industrial partnership by working closely at the ASEAN SME Showcase with the British Malaysian Chamber of Commerce (BMCC) to help promote the UK as a market for Malaysian SMEs.”
Also present at the showcase is BAE Systems’ most recent partner, a local technology SME; Loka Wireless Sdn Bhd. Both companies recently signed an agreement to evaluate the performance of BAE Systems’ NAVSOP technology and to develop it for the commercial and military markets.
NAVSOP is a navigation system designed by BAE Systems which is not confined to GPS dependency and is able to work indoors. Thus, NAVSOP will enhance the product offering of Loka Wireless’ Geomorse system, by offering coverage in areas that GPS cannot penetrate or offers unreliable coverage in areas such as oil and gas facilities, ports etc.
“We are always on the lookout for more Malaysian SMEs that we can partner with on technology. Our intention with key stakeholders in Malaysia is a collaborative approach – uniting capabilities and sharing expertise to maximise innovation and grow the country’s economy. We are committed in becoming a long-term partner with the Malaysian government and local industry to support the nation’s Economic Transformation Programme (ETP) and Vision 2020,” added Brosnan.
Recognising the importance of SMEs as key engines of economic growth, BAE Systems proactively shares its best practices and insights to empower the SME community in Malaysia.