KUALA LUMPUR: Straits Energy Resources Berhad has entered into a heads of agreement with Seashore Technologies Pte Ltd to collaborate on 4G and 5G related projects in the oil and gas industry.

       “We are looking forward to signing a definitive agreement with Seashore Networks that when materialised, will enable us to immediately commence exploring the huge business potential in the 4G and 5G rollout as well as the Internet of Things (IoT) in Malaysia and regionally," Straits’ Group Managing Director Datuk Sri Ron Ho Kam Choy said in a statement today.

       In addition to participating in the 4G and 5G rollout, the company is also targeting digital transformation of the oil and gas industry, especially in the areas of automation, surveillance, remote operations and big data analytics.

       “Straits as a fast-growing enlarged Group is always looking for business opportunities to increase its earnings base and this venture with Seashore Networks when in place will definitely open up an array of numerous exciting opportunities," he said.