{"id":4963,"date":"2024-06-21T08:00:51","date_gmt":"2024-06-21T00:00:51","guid":{"rendered":"https:\/\/atpc.com.my\/staging\/?p=4963"},"modified":"2024-07-19T15:21:39","modified_gmt":"2024-07-19T07:21:39","slug":"agape-atp-corporation-explores-energy-saving-solutions-with-bh-intec-solutions-2","status":"publish","type":"post","link":"https:\/\/atpc.com.my\/staging\/agape-atp-corporation-explores-energy-saving-solutions-with-bh-intec-solutions-2\/","title":{"rendered":"AGAPE ATP Corporation Explores Energy-Saving Solutions with B&H Intec Solutions"},"content":{"rendered":"

KUALA LUMPUR, 21 June 2024 <\/b>\u2013 <\/span>NASDAQ-listed<\/b> AGAPE ATP Corporation (“ATPC”)<\/b><\/a>, is delighted to announce the relaunch of its subsidiary, now named <\/span>ATPC Green Energy Sdn. Bhd. (\u201cATPC Green Energy\u201d)<\/b>. ATPC had entered into a collaboration agreement yesterday, with <\/span>B&H Intec Solution Sdn Bhd (\u201cB&H\u201d)<\/b><\/a>, <\/b>a total building solutions provider, with a focus on delivering comprehensive energy-saving solutions, aligning with ATPC\u2019s commitment to driving green energy initiatives.<\/span><\/p>\n

 <\/p>\n\n\n\n
\"\"<\/p>\n

From left:<\/b> Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato’ Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H (<\/span>link<\/span><\/a>)<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

B&H brings over 14 years of experience in facilities mechanical and electrical (M&E) services, specialising in building tailored green retrofits and building maintenance. <\/span>The company has a portfolio of more than 1,000 customers in Malaysia, <\/span>including luxury hotels, major banks, transportation hubs, government buildings, office towers, mega shopping malls, and healthcare centres. Known for integrating the latest sustainable technologies into building management solutions, B&H\u2019s expertise in monitoring systems, energy-saving retrofit and upgrading, preventive maintenance service, energy-saving consulting and outsourcing services will be instrumental to ATPC Green Energy. Accumulatively, B&H has already achieved contract values of more than USD 10 million (approximately MYR 47 million), underscoring their capability and trust within the industry.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Mr. Chen Wei Kent, Chief Executive Officer (\u201cCEO\u201d) of B&H<\/b> said, \u201cThe potential in the energy-saving space is vast and untapped. <\/span>Matching the right M&E services to different companies can result in a substantial reduction in energy consumption, or in other cases, a comprehensive green retrofit solution can improve a building\u2019s energy efficiency and reducing its carbon footprint.<\/span><\/p>\n

 <\/p>\n

\u201cThe collaboration with ATPC will raise our profile, and it will allow us to continue to support more companies in achieving their energy-saving goals. With <\/span>Malaysia’s energy demand projected to increase by 4.8% by 2030<\/span><\/a> and electricity demand growing faster than primary energy production, the need for alternative energy sources and energy-saving measures is urgent. In 10 years, Malaysia’s energy demand is expected to rise significantly, from 96.3 terawatt-hours to 206 terawatt-hours (TWh).\u201d<\/span><\/p>\n

 <\/p>\n

In this collaborative arrangement, B&H\u2019s founder and management team will join ATPC Green Energy as executive officers, leading the energy-saving solutions portfolio. They will also become shareholders in ATPC Green Energy, gaining an equity stake of 30%. This partnership allows ATPC Green Energy to leverage B&H’s expertise, customer base, and leadership, while aligning the interests of B&H\u2019s founders through shareholding, supporting the long-term growth of the energy-saving solutions business.<\/span><\/p>\n

 <\/p>\n

Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC<\/b>, explains, \u201cWe aim to address this urgent energy demand by providing innovative energy-saving solutions across major sectors, leveraging the extensive expertise of B&H leadership team. By combining our resources and expertise, ATPC Green Energy is well-positioned to drive energy efficiency initiatives across multiple sectors.\u201d<\/span><\/p>\n

 <\/p>\n

\u201cATPC Green Energy is looking to provide innovative energy-saving solutions to various sectors, including hospitality, insurance, government, semiconductor, retail, and manufacturing, and we are pleased to have the strong support of B&H as we strive to achieve our mutual goals. Collaboratively, we are in the midst of pitching for a USD 2.0 million project, and we are optimistic about our prospect.\u201d How added.<\/span><\/p>\n

 <\/p>\n

ATPC\u2019s commitment to the UN Sustainable Development Goals drives the company to build a comprehensive renewable energy ecosystem in ASEAN. This includes energy-saving solutions, solar projects, and other renewable technologies. The Company hopes to develop a diverse portfolio, expand its energy-saving offerings, foster partnerships, and achieve a significant market share in the region.<\/span><\/p>\n

 <\/p>\n