Swift Bridge launches RM10 mln centre of excellence - MIDA | Malaysian Investment Development Authority
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Swift Bridge launches RM10 mln centre of excellence

Swift Bridge launches RM10 mln centre of excellence

11 Oct 2022

Swift Bridge Technologies (M) Sdn Bhd has launched a centre of excellence (CoE) with a total investment of RM10 million in conjunction with its 10th anniversary this year.

The Malaysian-based company is focusing on designing, developing and manufacturing high precision radio frequency (RF) coaxial test cable solutions and electric vehicle (EV) automotive wire harness.

In a joint statement today, Swift Bridge and the Malaysian Investment Development Authority (MIDA) said the 10,000 sq ft facility in Penang is equipped with design, research and development, and test lab facilities and features a new 125-gigahertz vector network analyser test machine for design as well as research and development (R&D) activities.

“The new CoE is also aimed at expanding the company’s existing business to other potential new markets such as Germany and is expected to recruit an additional 20 RF engineers within the state.

Penang Chief Minister Chow Kon Yeow, who inaugurated the CoE, said the state government will continue to play its role in empowering the growth of local small and medium enterprises (SMEs) through various initiatives such as the SME Village, Smart Centre, Seed Capital Fund, and Penang SME Go Digital campaign.

“It is envisaged that such initiatives will catapult SMEs such as Swift Bridge to greater heights while also contributing significantly to Penang’s economic growth, in line with the state’s Penang2030 vision of becoming ‘A Family-Focused Green and Smart State that Inspires the Nation’,” he added.

Meanwhile, MIDA chief executive officer Datuk Arham Abdul Rahman said Swift Bridge’s expansion from the manufacturing activity to CoE exhibits the capability of Malaysian companies towards producing high value added and complex products.

He noted as the company thrives in making its way to the wider industrial ecosystem, other local companies are encouraged to leverage on Swift Bridge’s expertise through knowledge and technology transfer which, in turn, will assist in developing market-ready talent and contributing to the employability in the country.

“The establishment of this CoE is not only crucial for Malaysia’s economic growth but will also stimulate innovation and increase productivity in the country’s development of advanced technologies in the RF industry.

“It further affirms the Malaysian homegrown capabilities and talent in design, development and research activities while also aligning with the nation’s sustainable investment agenda by focusing on intensifying its R&D which is an integral ingredient of Malaysia’s overall development strategy,” he added.

At the launch, Swift Bridge also exchanged memoranda of agreement with Angkasa-X Innovation Sdn Bhd and Eclimo Sdn Bhd.

According to the statement, the formalised partnerships are anticipated to potentially generate revenue of RM25 million to the company over the next five years.

Pledging its commitment to the growth of the Malaysian electrical and electronics (E&E) industry by continuously creating innovative solutions for the advancement in connectivity technology, the company said the strategic plan focusing on R&D also enables it to improve the sustainability of its business operations in the long run.

“Swift Bridge will continue to provide a complete solution, from concept to production, to their customers.

“This includes the customised assembly that supports test and measurements, automotive, energy and industrial automation, and cuts across the E&E industry in countries such as the United States, Canada, India and South-East Asian nations,” it added.

Source: Bernama