ARB IOT Group Limited Secures Additional Order for Its Smart IOT Palm Farming System, Strengthening Market Presence in Sabah

Kuala Lumpur, Malaysia, March 20, 2025 (GLOBE NEWSWIRE) -- ARB IOT Group Limited ("ARB IOT" or the "Company") (NASDAQ: ARBB) is pleased to announce that its wholly-owned subsidiary, ARB Agro Technology Sdn Bhd, has secured an additional order to manage approximately 2,000 acres of palm oil plantation via the Smart IOT Palm Farming System through its wholesaler, further expanding its market reach and reinforcing its commitment to delivering high-quality products to a broader customer base. It is expected to increase the Company’s yearly recurring revenue of approximately USD 13 million.

This latest order reflects the growing demand for our Smart IOT Palm Farming System and strong relationship between ARB IOT and Whizzl, being the exclusive wholesaler, sole distributor, and system integrator for our Smart IOT Palm Farming System in the regions of Sabah and Sarawak, Malaysia. By leveraging the wholesaler’s extensive network, the Company continues to strengthen its position in the market while ensuring seamless product availability to meet increasing consumer needs.

“We are thrilled to secure this additional order which serves as a testament to the trust and confidence our wholesaler partners have in our product,” said Dato’ Sri Liew Kok Leong, CEO of ARB IOT. “This milestone further solidifies our commitment to scaling our business and enhancing our capabilities to meet evolving market demands.”

As ARB IOT continues to expand its footprint, the Company remains dedicated to innovation, quality, and customer satisfaction. The secured order marks another step forward in its growth strategy and reinforces its position as a key player in the industry.