KUALA LUMPUR (May 16): Electronic manufacturing services firm EG Industries Bhd (KL:EG) has secured a deal from a US-based firm to supply consumable network and artificial intelligence (AI)-related products for the global market.

The identity of the customer referred to as Company G — a fibre-optic internet service and AI robotics provider known for delivering ultra-fast and reliable broadband to residential and commercial users across the US — was not disclosed due to a non-disclosure agreement.

EG Industries said in a filing with the stock exchange on Friday that it will repurpose the third floor of its new Smart Factory 4.0 facility in Batu Kawan, Penang — originally designated for office and other uses — to manufacture Company G’s products. The space spans a built-up area of 24,400 square feet.

Product implementation is expected to begin in the second half of 2025, with mass production slated for 2026, the group noted.

While the contract value was not disclosed, EG Industries expects it to contribute positively to the group’s earnings in the coming financial years.

“We are proud to deepen our footprint in the global connectivity space with this latest collaboration with a prominent US-based fibre-optic internet service and AI robotics provider,” said its group chief executive officer Datuk Alex Kang.

The latest contract, following a purchase order EG Industries secured in July last year for 5G photonics-related products from an existing customer, further validates the confidence top-tier clients place in the group’s capabilities and manufacturing excellence, he highlighted.

As global demand for high-speed, secure digital connectivity accelerates, Kang added that EG Industries is well positioned to become a critical enabler in the sector.

Shares in EG Industries rose three sen or 2.6% to close at RM1.19 on Friday, giving it a market capitalisation of RM1.1 billion. Year to date, the stock has fallen 4.8%.