ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Nova MSC Ushers in Transformative Growth Strategy with Appointment of Two New Board Members

Nova MSC Berhad added Dato’ Adriana Law and Nazerollnizam Kasim to its Board, reinforcing its transformation plan focusing on Healthcare, E-Government, Artificial Intelligence (“AI”) and Robotics.

Kuala Lumpur, Malaysia, 27th Jun 2023  – Nova MSC Berhad (“NovaMSC” or “the Group”), a leading provider of software development and engineering solutions, is pleased to announce the appointment of Dato’ Adriana Law and Nazerollnizam Kasim as members of its Board of Directors.

NovaMSC’s Executive Chairman, Mr Sunny Loh , warmly welcomed the new directors and said, “We are delighted to have Dato’ Adriana Law and Nazerollnizam Kasim joining our Board. Their diverse experience and innovative thinking will be crucial as we implement our strategy to drive growth across our four business units. We are confident that they will substantially contribute to our Group’s transformation journey.”

Dato’ Adriana Law brings two decades of experience in event and exhibition management to the Board. She has held several senior leadership positions, including CEO roles at two Star Media Group companies. Her portfolio includes successfully managing and promoting the iOi Grand Exhibition & Convention Centre. Her expertise will be valuable as the Group aims to expand its outreach and engagement activities.

Meanwhile, Nazerollnizam Kasim, currently a General Manager at Nova MSC Berhad, has been a leading figure in the IT industry for the past 30 years. His experience encompasses diverse areas, from enterprise business applications to digital transformation and technology solutions that enhance operations across various industries. Mr. Kasim’s proven track record in leadership, management, and business application solutions will be instrumental in Nova MSC’s transformative journey.

Their appointment comes as part of Nova MSC’s strategic transformation and turnaround plan that focus on four of its key business units: Healthcare, E-Government, Artificial Intelligence and Robotics.

According to Mr Loh, as the world recover from the negative effect of the COVID-19 situtation, it is important for the Group to refocus on its core competencies and embrace new trends and innovation.

As part of the transformation plan, the Group is undertaking a thorough analysis of its operational structure and processes to identify areas of cost rationalization and efficiency improvement. The Group aims to streamline operations, eliminate redundancies, and leverage technological advancements to achieve significant cost savings without compromising quality or customer satisfaction.

In addition to cost rationalization and efficiency improvement, the Group is intensifying its efforts to drive sales and expand market outreach. The recent signing of a memorandum of understanding with Theta Edge Berhad is an example of our effort to continuously look for opportunities to market and promote our healthcare, E- Government and applied AI solutions in the regions.

The transformation plan also encompasses the adoption of innovative technologies. Our investment in AI and other technological advancements have begun to show remarkable results, bolstering the Group’s competitive edge and positioning it as a leader in the industry. Combining cutting-edge hardware and software, Dex-lab Pte Ltd, a subsidiary of the Group, developed a human-looking social robot called DEXIE for the eldercare industry in Singnapore. To-date, it has been successfully sold in several nursing homes in Singapore to deliver positive interaction and engagement to the seniors through humanoid-facilitated therapeutic and activity programs, particularly for seniors with dementia. Furthermore, the incorporation of DEXIE has shown to streamline processes, leading to increased productivity and efficiency for the nursing homes.

“We are excited to witness the initial positive outcomes from the deployment of DEXIE.” said Mr Loh. “The integration of these advanced technologies has not only improved our customer engagement and service but has also enhanced our competitive edge and positioned us for sustained growth. We are proud to have taken this bold step towards innovation, and we believe that it sets us apart from our competitors.”

Meanwhile, EyRIS’ AI-driven SELENA+, a deep learning system that enables early detection of eye diseases such as diabetic retinopathy, glaucoma suspect and age-related macular degeneration, is taking big strides. Eyris will be partnering Optometrist Warehouse, part of Chemist Warehouse Group based in Australia, on a ground-breaking study to focus on the effectiveness of using AI in screening diabetic retinopathy in Australia.

***

Issued by: Aegis Communication on behalf of Nova MSC Berhad

Date: 26 June 2022

For further media enquires please contact:

Jason Fong

Tel: +6012 863 1134

Email: jason@aegiscomm.com.my

We are Nova MSC Berhad

Established in 2002, Nova MSC Bhd is a Bursa Malaysia ACE Market-listed company, which is involved in four main business pillars namely, healthcare, Digital Government, building automation and virtual construction. We are a leading provider of ready-to-deploy, industry-focused application software and services for both the public and healthcare sectors, with an international track-record. Our products are developed based on our technical knowledge and in-depth understanding of industry demands and the clients’ requirements, thereby bringing improved productivity to our customers.

For more info, visit: http://www.nova-hub.com/

Media Contact

Organization: Aegis Communication

Contact Person: Jason Fong

Website: https://aegiscomm.com.my/

Email: jason@aegiscomm.com.my

Contact Number: +6012-8631134

City: Kuala Lumpur

Country: Malaysia

Release Id: 2706234338

The post Nova MSC Ushers in Transformative Growth Strategy with Appointment of Two New Board Members appeared first on King Newswire.


Information contained on this page is provided by an independent third-party content provider. eTrendystock make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact contact@etrendystock.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.