MAG has already made significant strides in the regional market with exports spanning 13 countries and a network of over 1500 dealers. Notable projects include prominent residential and commercial entities owned by AyalaLand in the Philippines and Transjakarta bus terminals in Indonesia.
Kuala Lumpur, 30th May 2024 – Magnet Security & Automation Sdn. Bhd. (MAG or the Company), the number one barrier gate brand in Malaysia, is embarking on a strategic regional expansion to bring its innovative security solutions to regional markets. Recently certified by the Malaysia Book of Records for selling the most barrier gates in a year, MAG is poised to extend its footprint across Southeast Asia, particularly targeting Vietnam, Philippines, and Indonesia, where it already enjoys a presence through exports.
“We are energised by the growth of MAG and recognise the ripe opportunities in these selected markets. Our recent introduction of Medialess Solution in the Philippines received exceptional feedback, motivating us to further penetrate the markets in Vietnam and Indonesia,” stated Mr. Jimmy Low, Chief Executive Officer of MAG.
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With exports spanning 13 countries and a network of over 1500 dealers, MAG has already made significant strides in the regional market. Notable projects include prominent residential and commercial entities owned by AyalaLand in the Philippines and Transjakarta bus terminals in Indonesia.
Export sales currently account for 5% of MAG’s revenue, a figure expected to double to 10% by the year’s end. This growth trajectory is supported by the favourable Malaysian Ringgit exchange rate and MAG’s proactive engagement with local dealers in the respective markets.
The introduction of MAG Medialess Solutions marks a pivotal shift towards advanced security access technologies, integrating RFID for vehicle access and facial recognition biometric AI for human entry. This seamless fusion enhances security while simplifying user experiences, promising a future where access control is intuitive and efficient.
“As pioneers in the industry, we are well-positioned...
