Workflow
Founder Group Signs Memorandum of Understanding with GCL Systems Integration Technology Co., Ltd. to Cooperate on Renewable Energy Projects Valued at up to USD $220 Million

Core Viewpoint - Founder Group Limited has signed a memorandum of understanding (MOU) with GCL Systems Integration Technology Co. Ltd. to collaborate on renewable energy projects in Malaysia and other ASEAN countries, with an estimated project value of up to USD $220 million [1]. Company Overview - Founder Group Limited is a leading provider of engineering, procurement, construction, and commissioning (EPCC) solutions for solar photovoltaic systems in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [6]. - GCL Systems Integration Technology Co., Ltd. is a publicly traded company on the Shenzhen Stock Exchange, recognized as a world-leading integrator of smart PV and storage systems, emphasizing technological innovation and high-quality products [2][7]. Collaboration Details - The collaboration will involve exchanging information, proposing specific actions, and evaluating the effectiveness of their partnership [3]. - Both companies will utilize their technical expertise to support identified projects and will take necessary steps to identify and procure these projects [4]. Strategic Goals - The partnership aims to leverage GCL's reputation and expertise in solar PV modules and storage to enhance capabilities in supporting renewable energy goals in Malaysia and surrounding regions [5]. - The collaboration is expected to create significant revenue opportunities, driving top-line growth and expanding margins and income, ultimately enhancing shareholder value [5].