Intelligent Home Automation brandname SecureSmith Award Recipient Best Promising Startup 2004 by Mckinsey
Thursday October 14, 2004
Orders pouring in for homegrown home security system
By CHARLES F. MOREIRA
SUBANG JAYA: Inix Technologies Sdn Bhd said 24,000 units of its homegrown Secure Smith intelligent home automation and security solution have already been supplied or ordered, and expects to receive orders for another 12,000 before the year is out. This brings it to a total of 36,000 units for a solution that was only launched in April, 2003, its chief executive officer Jimmy Tok told reporters at Inix Technologies' office here, where he hosted an official visit by Shah Alam mayor Ramli Mahmud earlier this week. "So far we've shipped 700 units to housing projects in Sungai Petani (Kedah), Penang, the Bandar Setia Alam development (project) in Klang and various others in Sarawak," he claimed. The company expects to supply up to 2,500 units through its Australia and New Zealand distributor Xtreme Logistics Pty Ltd, and a further 7,500 units to a housing project in Sri Lanka through Pembinaan Wincom, which is building 20,000 homes there. Secure Smith packages are available in DIY (do -it -yourself) kit form, and for housing developers to install as part of their construction projects. Tok said the company is selling the DIY kits through its more than 30 distributors and dealers nationwide, and has shipped 2,000 DIY units in Malaysia so far. "We're currently negotiating a deal with a developer of 55,000 homes in Johor, and we've shortlisted some aggressive resellers in Europe and expect to make these deals soon," he claimed. On Aug 30, Inix Technologies was recognised as the Most Promising Startup in the Venture Accelerate 2003 programme organised by Bursa Malaysia Bhd, McKinsey and Co, Malaysian Institute of Management and the Malaysian Venture Capital Association. The programme's objective is to nurture new entrepreneurs in technology -related areas. Inix Technologies has also acquired a Malaysian and a British investor but Tok declined to identify them nor state how much they had invested.
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