Fixcolab and TGSB Sign Joint Venture Agreement to Establish New Company, "FCTrilobyte Sdn Bhd", to Engage in Virtual & Augmented Reality Business
November 11, 2022, Kuala Lumpur, Malaysia - Fixcolab Group Sdn Bhd ("Fixcolab") and Trilobite Geo Technology Solution Sdn Bhd ("TGSB") announced today that they have signed a joint venture agreement to establish a new company to engage in the provision of Virtual and Augmented reality services across industries in the country.
Today's announcement is the furtherance and result of a discussion of a strategic alliance in the booming Virtual Reality application across industries.
The new company will aim to bring together Fixcolab's VR software development expertise with TGSB’s expertise in multi-industry subject matter, to bring forth an innovative ways to experience information, thanks to virtual reality softwares.
Fixcolab and TGSB plan to establish the new company in early 2023 and to begin the provision of VR and AR services in Q2, 2023. The establishment of the new company and the start of business are subject to relevant regulatory approvals.
Comment from Amirul Hafidz, Corporate Executive Officer and CEO, Trilobite Geo Technology Solution (TGSB)
"Based on our vision to bring innovative solutions to industries in the country, we saw the potential of Virtual Reality (VR), as well as Augmented Reality (AR), and no other company, can help us bring this vision to life better than Fixcolab, whom we have worked with over the years.”
Comment from Fitri Joroji, Corporate Executive Officer and CEO, Fixcolab Group Sdn Bhd (FIXCOLAB)
“This joint venture will definitely open more markets for Fixcolab and we hope that with our software and product expertise, we will be able to build immersive experiences that help our clients create lasting impressions in their business. VR may be early in the country, but we see its potential in the future”
For now, FCtrilobyte is offering VR and AR services to businesses across the country. For more information, please visit www.fctrilobyte.com