Singapore Telecommunications (Singtel) and Surbana Jurong have signed a memorandum of understanding (MOU) on April 13 to form a strategic alliance that integrates technology and infrastructure to co-create smart city solutions that will accelerate the transformation of key industries.
According to the joint statement, both companies say they will first focus on smart and sustainable integrated facilities management.
The MOU will also see both companies leveraging on their own experiences to make the partnership a success.
For instance, Surbana Jurong will provide the breadth and scope required to pilot the application of technology solutions while Singtel brings on board its capabilities in 5G and emerging technologies to design solutions to advance the transformation of industries.
The partnership will integrate Singtel’s 5G Multi-access Edge Compute and Surbana Jurong’s P24K suite of facility management systems to create an industry-first 5G-powered data aggregation and management platform that tracks, monitors and manages multiple operations simultaneously.
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The integrated system will aggregate data about space, water, energy, utilisation and indoor air quality from sensors to help facility managers drive greater operational efficiency and achieve their smart and sustainable goals.
“Today’s agreement will bring together a talent force of technologists and innovators to enable businesses to advance their transformation in smart and sustainable ways. Leveraging Singtel’s expertise, Surbana Jurong’s multidisciplinary capabilities, 5G and advanced technologies, this partnership of two industry leaders has the potential to accelerate the creation of smart and sustainable cities globally,” says Wong Heang Fine, group CEO of Surbana Jurong.
“The pandemic has accelerated the digitalisation of many enterprises, transforming their capabilities and business models. Through this strategic partnership with Surbana Jurong, with our combined capabilities and leveraging Singtel’s 5G edge cloud platform, we will support our targeted industries’ digital transformation and help in their post-COVID19 recovery with advanced technologies and sustainable solutions,” says Bill Chang, CEO, group enterprise at Singtel.
“Our successful showcase in Singapore will create iconic references and open the doors to more exciting opportunities in the region,” Chang adds.
As at 11.45am, shares in Singtel are trading 3 cents lower or 1.2% down at $2.40.