KUALA LUMPUR (June 26): Samaiden Group Bhd (KL:SAMAIDEN) said it is teaming up with a lighting solutions provider to implement solar street lighting systems.

The company said it has signed an agreement with Gruppe Lighting Solution Sdn Bhd to implement lighting systems that incorporate solar panels, battery storage and smart grid technologies.

The collaboration extends to smart city projects that integrate solar street lights with Internet of Things (IoT) capabilities, which would significantly improve energy management and enhance urban services, said Samiden in a bourse filing.

Samaiden is currently an engineering, procurement, construction and commissioning solutions provider for renewable energy (RE) projects that include solar photovoltaic, biomass and biogas systems.

“This partnership with Gruppe marks a significant step forward in our mission to expand our RE initiatives,” said Samaiden’s managing director Chow Pui Hee in a statement.

“By combining our expertise in solar PV systems with Gruppe’s advanced lighting solutions, we are poised to create sustainable, smart urban infrastructure that will benefit communities across Malaysia.

“This collaboration aligns perfectly with our strategic vision for growth and environmental stewardship,” said Chow.

Shares of Samaiden closed up 1.57% or two sen to RM1.29 on Wednesday, valuing the company at RM539.9 million. The counter has risen over 16% year to date.