NanoMalaysia, Nanopac Partner to Develop and Commercialise Solar Power Panel

KUALA LUMPUR: NanoMalaysia Bhd and Nanopac (M) Sdn Bhd (NSB) have signed a joint venture (JV) agreement to develop and commercialise a solar power panel game-changer, the Nano Light Energy Panel (NLEP).

NanoMalaysia and NSB will form a JV company - Nanopac Innovation Sdn Bhd whereby NSB will hold a 60 per cent stake while NanoMalaysia will take up the balance of 40 per cent in the newly established company.

NSB chief executive officer Datuk Dr Cheng Kok Leong said the NLEP is a revolutionary and disruptive product that will not only rival fossil fuels when it comes to powering and elevating industries, but it has also managed to overcome drawbacks that solar panels face.

"We received over US$400,000 worth of orders from China and Thailand in the pre-commercialisation stage. Based on this demand, we project an initial sales forecast of approximately RM1.5 million over a 3-year period, beginning from 2021.