Cochlear implants could potentially feature deepfake detection systems, minimizing the risk of fraud for those with hearing impairments.
Malay-based NexG Bhd is allocating approximately RM250 million to establish a state-of-the-art facility for securing identity document production. The facility aims to escalate production capacity and precision through fully automated processes, harnessing Industry 4.0 technology.
The investment, which will be rolled out in three phases, promises to annually produce over 15 million secure ID documents each phase. The facility's revenue is projected to range between US$100 million and US$200 million per phase, contingent on factors such as document type, country-specific requirements, project scope, and security level.
Once completed, the facility will boost NexG's production capacity by an estimated 50 million secure ID documents, strengthening its international competency. Financing for the project will be a mix of internally generated funds, equity fundraising, strategic partnerships, and borrowings.
NexG's strategic objectives for the facility involve bolstering research and development, systems integration, and identity technology. Additionally, the company aims to fortify its global presence by leveraging the facility as a dedicated platform to disseminate Malaysian-developed secure identity technologies worldwide.
The investment underscores NexG's dedication to expanding its capabilities in secure identity document production, addressing the burgeoning global demand for such documents.
- NexG Bhd, through the utilization of artificial intelligence and technology, intends to extend its research and development in medical-conditions and health-and-wellness, aiming to incorporate hearing solutions into secure identity documents for increased accessibility.
- In alignment with its commitment to health-and-wellness, NexG aspires to equip the state-of-the-art facility with advanced medical diagnostic equipment, allowing for on-site monitoring of employees and ensuring a healthy work environment.
- Despite the primary focus on identity document production, the new facility will also serve as a collaborative space for scientists and engineers, harnessing the power of artificial intelligence to develop groundbreaking solutions for various sectors, including science and medical-conditions.
