Malaysian Tech Company MDT Innovations Hits Quadruple Digits Revenue Growth
The recent Technology Fast 500 Asia Pacific 2011 ranking conducted by consulting firm Deloitte entitled has recognized Malaysian firm MDT Innovations Sdn Bhd for posting a 3,130% revenue growth over a three-year period. This is the country’s fastest growing tech company, and ranked twelfth amongst 500 Asia Pacific companies (PDF).
MDT provides Radio Frequency Identification (RFID) solutions, including RFID tags, readers and middleware for multiple platforms. MDT has attained tremendous growth in the gadgets, web, fuel semiconductor and internet sectors. As part of Multimedia Display Technologies (MDT) Group of Companies, the company has its presence in Malaysia, Japan, China, Australia, Indonesian and the United States.
The company’s engineering team focuses on developing full-fledged RFID systems, which comprise inlays, tags, modules, reader-writers, antennae, and software development components with fourteen intellectual properties accumulated so far. Matsushita, NEC/MIT, Asahi, Totoku, Sotec, Trigen, Samsung, GVision, ComeMon/Cyco, KSI, ADI, Diva Labs, Miro, Konka, Likom, Telekom Malaysia, Radio Televisyen Malaysia, Malaysia Ministry of Defense and Powerview Technics are their key customers.
Deloitte says the top 500 firms in Asia have achieved a 476% revenue growth in 2011, which is a considerable increase from the previous year’s 374% and 2009’s 361%.
“Digitization and convergence of Internet, mobile communications, digital media, IT systems integration, and component/device manufacturing have allowed this industry to flourish, as demonstrated by Malaysia’s Technology Fast 500 award results since 2008,” said John E. Goeres, Managing Director (Partner) for Telecom & Media Practice in Southeast Asia at Deloitte Consulting in the award ceremony held December 1 last year in Hong Kong. He adds “A combination of government investments and its positive attitude toward ICT, an educated workforce, base ICT infrastructure, and increasing consumer and SME broadband penetration, have all positively contributed to an emerging, and increasingly vibrant ICT sector in Malaysia.”
The award program itself is an annual ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies, which began with North America, then followed with Europe, the Middle East and then Asia Pacific. The winners are selected based on percentage fiscal year revenue growth from 2006 up to the year when the program is held.