Electronics manufacturing services provider Betamek has announced that it will not be moving forward with a collaboration with semiconductor company Krakatoa Technologies. The two companies signed a memorandum of understanding (MoU) in March of this year to explore the development of a battery management system-on-a-chip for electric vehicles (EVs).
Betamek, in a filing with Bursa Malaysia, stated that the termination notice for the MoU was served on June 12 and required a three-month notice period, which has now come into effect. The company has decided not to proceed with the collaboration after careful consideration of the circumstances.
Betamek’s subsidiary, Betamek Electronics, was established in 1989 and has been involved in manufacturing car audio systems since then. The company has worked closely with clients in Malaysia, Japan, and Indonesia, actively participating in automotive electronics product design and manufacturing.
This decision by Betamek to terminate the collaboration raises questions about the potential impact on the development of battery management systems for EVs. Without further details, it is unclear whether Betamek will seek an alternative partner or put this project on hold. The termination of the MoU may lead to delays in the advancement of EV technology in the market.
Meanwhile, Krakatoa Technologies, headquartered in Singapore, is a semiconductor company that specializes in providing innovative solutions for various industries, including automotive. It remains to be seen how this decision by Betamek will affect Krakatoa’s future plans.
In conclusion, Betamek’s termination of the collaboration with Krakatoa Technologies for the development of EV battery management systems raises concerns about the progress of EV technology. It is now uncertain whether Betamek will pursue alternative partnerships or put this project on hold. The decision may have implications for the advancement of battery management systems in the EV industry.
– Bursa Malaysia filing by Betamek
– Krakatoa Technologies