KUALA LUMPUR: Prestariang Bhd is bringing in French technology expertise to help deliver a comprehensive immigration control system for the Malaysian Government.
Under a memorandum of agreement (MOA) signed yesterday, Prestariang has appointed In Continu Et Services (INCS), a subsidiary of Imprimerie Nationale SA, to perform the works and services required for the implementation of the “Sistem Kawalan Imigresen Nasional,” also known by its SKIN acronym.
The tenure of the MOA, which covers the development phase of the project, is 32 months, the company said in a filing with Bursa Malaysia yesterday.
The contract price for the project includes “offshore” development works, valued at €21.14mil (RM102mil) and “onshore” services worth RM4.36mil.
Prestariang, in July this year, was awarded a 15-year concession worth RM3.5bil to implement the SKIN project.
INCS, Prestariang said, has extensive experience, proven track record and skills, technology and resources in providing and supplying integrated information technology for immigration and border security control, as well as management for projects of similar nature as SKIN.
The company said it had also signed a letter of intent (LOI) yesterday to engage INCS for the provision of onshore and offshore maintenance services for the project.
The final terms of the agreement will be signed by Jan 31, 2018, it said.
Meanwhile, in a separate agreement, Prestariang has entered into a teaming agreement with Dell Global Business Center Sdn Bhd to appoint the company as a subcontractor for the SKIN project.
“The parties agree to collaborate and co-operate with each other on a confidential basis to mutually agree on the workshare, scope of works and price, to which a subcontractor agreement shall be entered,” Prestariang said.
CIMB Research, in a recent report, estimated that Prestariang would require RM800mil over three years for capital expenditure to implement SKIN. The project, it said, should yield a 25% pre-tax profit margin for the group.
Prestariang posted improved results in the third quarter ended Sept 30, boosted by the maiden revenue of RM30mil and earnings before interest and tax (Ebit) of RM8.3mil from SKIN.