Kuala Lumpur, 13 January 2017 – Dagang NeXchange Berhad (“DNeX”), through 51 per cent-owned subsidiary company DNeX RFID Sdn Bhd, has been awarded a total subcontract to operate and manage the Vehicle Entry Permit (“VEP”) and Road Charges (“RC”) System Project.

Under the contract, DNeX will be operating and managing the VEP and RC System Project that involves foreign-registered vehicles entering Malaysia via Johor namely Kompleks Sultan Abu Bakar in Tanjung Kupang and Bangunan Sultan Iskandar in Johor Baru.

The contract, worth RM104.3 million, is for a total of five years.

“We are pleased to be given the opportunity to undertake the implementation as well as operations and management of the VEP and RC System Project,” said Datuk Samsul Husin, Executive Deputy Chairman of DNeX.

“Backed with a wealth of knowledge, expertise and operational know-how in implementing national level initiatives, we are confident to deliver not only set requirements but also value to our customers,” he added.

DNeX RFID’s business operations are focused on research and development, design, manufacturing and trading of radio frequency identification (“RFID”) technology, security system and related equipment.

The company’s offerings include RFID Warehouse Management System that enables customers achieve real-time visibility of inventory and warehouse operations, and Certificate Management System that provides high security protection of certificate and authentication features for enforcement personnel and public consumer to perform checking and confirmation of authenticity of the certificate effectively and efficiently.

In addition, the company offers RFID Asset Management System that enables customers to track, trace, and secure their tangible assets and goods in real time.