Partnering Indian OEM for a Slim Biometric Module with Liveness Detection: Collaboration Enhances Security Measures
NexG Bhd, a Malaysian company, has announced plans to invest approximately RM250 million ($15.38 million USD) in the development of a state-of-the-art secure identity document production facility. The new facility will incorporate Industry 4.0-ready technology, aiming to bolster production capacity and precision through the use of fully automated, advanced processes within a secure infrastructure.
Slated for three stages of development, the facility's ongoing optimization in each phase is expected to increase annual production capacity to surpass 15 million secure ID documents. The design will cater to various document types and country-specific security requirements to accommodate international demand.
Financially, NexG anticipates each phase of the manufacturing facility could generate revenues between $100 million ($421 million USD) and $200 million ($843 million USD), depending on factors such as document type, project scope, and required security levels. This venture marks a substantial expansion of NexG's global footprint in high-security identity document production.
In essence, this strategic RM250 million investment lays the groundwork for a high-capacity, cutting-edge secure ID document production plant with potential for multi-phase expansion and significant revenue generation, while catering to international market demands and security standards.
- The new facility, powered by Industry 4.0-ready technology, will not only aim to enhance production capacity and precision but also feature gadgets that align with advanced, fully automated processes.
- By virtue of this RM250 million investment, NexG Bhd is set to establish a high-capacity, cutting-edge secure ID document production plant equipped with technological innovations, positioning themselves for potential multi-phase expansion and substantial revenue generation, meeting international market demands and security standards.
