Solaroo & PROTON Partner To Promote Solar Energy Within National Automaker’s Ecosystem

Kuala Lumpur, 23 August 2022 — Solar Photovoltaic (“PV”) and Earthing and Lightning Protection (ELP) specialist Pekat Group Berhad (“Pekat” or the “Company”, Bloomberg: PEKAT:MK) (“柏卡集团有限公司”), is partnering Proton Holdings Bhd (“PROTON”) to promote the adoption of solar PV system within its ecosystem and employees as part of the national automaker’s energy sustainability initiatives.

The partnership builds upon Pekat’s successful launch of a 12 megawatt-peak (“MWp”) grid-connected solar PV system at PROTON’s manufacturing plant in Tanjung Malim, Perak, complementing the latter with a reduction in carbon footprint and energy costs since March this year.

As part of the collaboration, PROTON will actively promote the adoption of solar PV systems provided by industry suppliers including Pekat’s solar subsidiary Solaroo Systems Sdn Bhd (“Solaroo”) by demonstrating the savings it can generate and the benefits it brings to the environment.

A memorandum of understanding (“MoU”) was inked today between Solaroo and Proton Global Services Sdn Bhd (“PGS”), for this exciting collaboration. PGS is a wholly-owned subsidiary of Proton Edar Sdn Bhd.

“With energy costs still elevated, coupled with the continuous push among carbon-conscious stakeholders towards sustainability, the partnership between PGS and Solaroo marks the beginning of the next phase in PROTON’s journey towards a more holistic green energy adoption.

“Following our investment into new energy technologies at Tanjung Malim, we are hoping to adopt more energy savings measures throughout our entire ecosystem in line with the government’s target to achieve carbon neutrality by 2050,” said Roslan Abdullah, Chief Executive Officer, Proton Edar.

“We at Pekat and Solaroo are proud to continue our solar PV journey with PROTON, and provide the best low-carbon solutions for our partner in this long, mutually beneficial relationship,” said Solaroo’s director Johann Sze (施伟强).

“As part of our growth strategy, this collaboration will add to Solaroo’s track record in the commercial and industrial segment. With the inevitable electricity tariff hike, the usage of renewable energy is appreciable in today’s economy,” Johann added.

Pekat’s RM33.1 million, 23-acre solar PV asset at PROTON’s Tanjung Malim plant has the potential to provide annual energy savings of RM5.85 million for the automaker, and reduces carbon dioxide emissions from the facility by up to 11,536 tonnes per annum. Pekat has successfully secured over 195 MW of solar rooftop PV installation projects nationwide across residential and commercial & industrial customers.