VCIG

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VCIG Achieved Just Under $20M in Revenues Back in 2023

‍VCI Global Secures Exclusive Distributorship for Military-Grade AI-Powered Cybersecurity Solution in the $280 Bln Global Market

VCI Global Receives Conditional Letter of Award for US$24 Million AI Contract

They Announced a 44% Revenue Growth in Its Financial Results for the Six Months Ended June 30, 2024; Announces US$10 Million Share Repurchase Program Over 2 Years

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Hello Everyone,

We are back with one more company for you to research for tomorrow’s session. This is another one that is new to our members.

VCI Global Limited (NASDAQ: VCIG) is creating a lot of buzz in the industry with their latest blockbuster news that they secured an exclusive distributorship for Military-Grade AI-Powered Cybersecurity.

VCI Global is a diversified holding company. Through its subsidiaries, it focuses on consulting, fintech, AI, robotics, and cybersecurity. VCIG primarily offers consulting services in capital markets, real estate, AI, and technology. The company is dedicated to catalyzing high-growth potential companies through top-tier consulting solutions, thereby enhancing value propositions in every aspect of our clients’ businesses.

In technology businesses, the company operates a proprietary financing platform that serves companies and individuals, as well as a secured messaging platform serving governments and organizations. They also invest, incubate, accelerate, and commercialize businesses and technologies in AI and robotics.

They recently announced an impressive total revenue of $13.7 million for the six months ended June 30, 2024, marking a 44% YoY growth.

Also, VCIG’s Board of Directors has authorized the implementation of a share repurchase program for up to US$10 million of the Company’s outstanding ordinary shares over the next two years.

Something else that cannot be overlooked is that the company just completed a 1 for 49 reverse split, drastically reducing the float.

VCIG has their hands in 3 different ventures for the time being:

ARTIFICIAL INTELLIGENCE

Avarai is a post-harvest robotics system that provides groundbreaking robotic solutions. Leveraging advanced sensory capabilities for its robotic hands, cutting-edge vision technology, AI, sophisticated machine learning algorithms, and cloud updates, this system brings innovation to the agricultural sector. It excels in delicately handling fresh produce, incorporating Wootzskin, which holds the distinction of being the world’s first fully compliant electronic skin (E-Skin), lowering the cost of fruit packing, improving efficiency, and lowering waste with a global application.

The Unique Features of Avarai:

  • Rapid ROI
  • Increased Productivity to 40 – 50%
  • Up to 50% Less Human Labour requirement
  • 30% Cost Saving/Line
  • Increase in Production Capacity by 25%

FINTECH

Credilab is our proprietary fintech software meticulously designed to facilitate online loan applications, processing, scoring, contract execution, and loan disbursement, including the Know Your Customer system (KYC). It offers customized financial data analytics and insights, bolsters compliance systems for financial regulations, and ensures secure payment processing solutions.

Credilab aims to serve individuals who may have limited access to traditional banking services, bridging the gap by providing accessible and efficient micro-financing options.

The Unique Features of Credilab:

  • Hassle-free Instant Cash Loan
  • Short Processing Time
  • Convenient Repayment

SECURED SOCIAL MESSENGER

The Socializer Messenger serves as the world’s most secure business messenger, especially when used in enterprises and government organizations where highly sensitive data is exchanged regularly. The highly secured social messenger platform goes beyond conventional messaging apps by offering encrypted messages, ensuring robust data protection and user privacy.

Our patented Built-in Facial Recognition for the Socializer Messenger ensures all data from the messenger are marked as ‘private’ and disappear from the screen as soon as an unknown face is detected from the front camera. It ensures that confidential data or information is not accessible to unauthorized personnel. Chats, calls, and individual or group video calls are encrypted with AES 256-bit, which is the strongest and most robust encryption standard currently commercially available.

With the emphasis on cybersecurity addressing growing concerns about data breaches and privacy infringements in digital communication. It is a reliable alternative to mainstream social messaging platforms, prioritizing user security and confidentiality.

The Unique Features of Socializer Messenger:

  • Data Leakage Prevention
  • Phishing Protection
  • Malicious Third-party Access Protection
  • Forced Privacy and Encrypted Data

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Check out some of the recent explosive news announcements from VCIG:

VCI Global Secures Exclusive Distributorship for Military-Grade AI-Powered Cybersecurity Solution in the $280 Bln Global Market

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KUALA LUMPUR, Malaysia, January 15, 2025 – VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), is proud to announce its exclusive distributorship of Secure Encryption Storage Limited (“SES”) for Data Security Solutions (“SES Solutions”) in Malaysia. Powered by AI, SES Solutions provide advanced features such as real-time threat detection, virus defense, data encryption, and multi-channel backup. Trusted by over 300 clients, including Fortune 500 companies and government agencies, SES is a leading choice for safeguarding enterprise data and combating cyber threats.

According to Check Point Research, the urgency of addressing cybersecurity risks is highlighted by a 30% year-over-year increase in global cyberattacks, with organizations facing an average of 1,636 cyberattacks per week. In response to the rising threat landscape, leading technology players have taken significant steps to enhance data protection. Inetum has partnered with Rubrik, Inc. to improve data protection and recovery, while IBM Corporation launched the Guardium Data Security Center, offering AI and quantum-safe features for unified data protection. At the same time, Salesforce, Inc. has completed its US$1.9 Bln acquisition of Own Company, leveraging the latter’s data protection and management solutions to enhance the security and compliance of customer data across the Salesforce platform. These strategic initiatives reflect the increasing demand for robust cybersecurity solutions.

According to Statista, the global cybersecurity market is projected to reach around US$280 Bln by 2029, fueled by advancements in AI and the growing need for enhanced security. In Malaysia, the cybersecurity market is expected to grow from around US$500 Mln in 2025 to approximately US$800 Mln by 2029. In response to this growth, VCI Global is positioning itself to capture 3% of the Malaysian market, with expected revenues surpassing US$15 Mln within the first two years of its partnership.

“Securing the exclusive distributorship of SES Solutions in Malaysia is a major step forward in our strategy to expand within the dynamic cybersecurity sector. Looking ahead, VCI Global plans to expand into neighboring countries in Asia, and eventually into Europe and the US, bringing cutting-edge cybersecurity solutions to a broader global market,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

VCI Global Expands AI Portfolio with Strategic Investment in Innovative AI Agents Startup – Marvis

KUALA LUMPUR, Malaysia, December 30, 2024 – VCI Global Limited (NASDAQ: VCIG) (“VCI Global,” or the “Company”), today announced that its investment holding arm for artificial intelligence (AI) portfolios, VC AI Limited (“VC.AI”) has invested in Marvis Inc., a Delaware corporation (“Marvis”), an innovative AI startup company, pioneering advanced digital clone AI technology. This investment was made through a Simple Agreement for Future Equity (SAFE), which provided VC.AI to receive Marvis’ equity in the next financing round. The current seed funding round is capped at a valuation of US$30Mln. This investment reinforces VCI Global’s commitment to expanding its AI portfolio and fostering innovation in emerging technologies.

Marvis specializes in harnessing proprietary AI models to create advanced AI digital clone agents (“AI agents”) that automate and replicate routine tasks. By offloading repetitive work to these AI agents, users can concentrate on higher-value, strategic initiatives, thereby boosting productivity and driving innovation. Founded and led by Masaaki Hatano, a serial entrepreneur with a proven track record—including the recent sale of DFA Robotics KK for over JPY 3.5 Bln, delivering a remarkable 126x return for early investors.

Prominent advisors such as Google LLC, Intel Corporation, and International Business Machines (IBM) Corporation, alongside Techstars, have expressed strong interest in supporting Marvis’ vision. Operating in November 2024, Marvis plans to list on NASDAQ in 2028, with a market capitalization of US$20 Bln. Marvis is currently raising up to US$5 Mln in its seed funding round, presenting a compelling opportunity for investors.

According to Markets and Markets, the global AI agents market size was valued to reach over US$55 Bln in 2030 and is expected to grow at a CAGR of around 45% from 2024 to 2030. This rapid growth is being driven by increasing demand for automation, advancements in Natural Language Processing (NLP), and a rising need for personalized customer experiences. Marvis is strategically positioned to capitalize on this trend, offering an affordable and accessible alternative to traditional Robotic Process Automation (RPA) solutions.

Furthermore, strategic partnerships with leading companies such as Toshiba Tec Malaysia, Hitachi Global, and NTT Data Group further bolster Marvis’ potential for widespread adoption and large-scale implementation.

“This is just the beginning for Marvis, the AI agents set to transform the world. By 2028, Marvis will empower humanity to break free from both digital and physical tasks, offering unprecedented relief and freedom,” said Masaaki Hatano, Co-CEO of Marvis.

“We see 2025 as the year of AI agents and are fully committed to capitalizing on this dynamic industry. We look forward to investing in innovative AI startups, positioning VCI Global at the forefront of this transformative technology,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.

The Company has several bullish catalysts in the pipeline and is on the verge of disrupting a Multi-Bln-Dlr industry and is making major strides with major acquisitions targeting $200 Mln revenue with 100 MW of solar photovoltaic projects in Southeast Asia and Europe.

VCIG major Acquisitions!

VCI Global Targets $200 Mln Revenue with 100 MW of Solar Photovoltaic Projects in Southeast Asia and Europe

KUALA LUMPUR, Malaysia, Dec. 13, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), is setting a target to develop and acquire up to 100 megawatts (MW) of solar photovoltaic (PV) projects across Southeast Asia (SEA) and Europe within the next five years. This expansion is expected to generate approximately US$200 Mln in revenue over the next 20 years and significantly contribute to VCI Global’s long-term growth.

As part of this initiative, VCI Global plans to source at least 70% of the 100 MW from projects in Malaysia, leveraging key government programs such as the Corporate Renewable Energy Supply Scheme (CRESS). CRESS allows businesses to directly purchase green electricity from renewable energy developers. Through this initiative, VCI Global will supply renewable energy directly to its data center, further enhancing its energy independence while advancing its sustainability goals.

According to Solar Insure, by 2030, data centers are projected to account for 16% of the total U.S. power consumption, a significant rise from just 2.5% a decade ago. This trend highlights solar power as a leading alternative. Combined with advanced battery storage, solar power can provide nearly continuous energy to AI data centers, reducing dependence on grid electricity and fossil fuels. These initiatives will not only contribute to national renewable energy targets but also align with VCI Global’s long-term growth and strategic vision.

In parallel, VCI Global will seek to acquire solar farms in Eastern and Southeastern Europe, targeting 30 MW of solar capacity in these expanding markets. This international expansion supports the Company’s strategy to capitalize on the increasing global demand for clean energy while strengthening its renewable energy portfolio.

The total investment required for these solar initiatives is projected to be US$50 Mln over five years, with an expected annual revenue of approximately US$10 Mln over the next 20 years. This sustainable growth strategy will provide long-term, stable returns, reinforcing VCI Global’s commitment to clean energy and delivering value to shareholders.

“In 2025, renewables will become the largest source of electricity generation. By 2028, renewable energy sources will account for over 42% of global electricity generation, with the share of wind and solar PV doubling to 25%. At the same time, the explosive growth of AI has created an unprecedented demand for power. We view solar energy as one of the most promising renewable energy sources and wish to fully capitalize on this oppo.rtunity to meet the growing clean energy demand of AI and the world,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.

VCI Global Embarks on a Strategic Series of Renewable Energy Asset Acquisitions, Starting with a North Macedonia Solar Farm

KUALA LUMPUR, Malaysia, Dec. 19, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), has signed a term sheet to acquire a solar farm with an estimated capacity of 1.14 megawatts (MW), located in Novo Selo, North Macedonia. The acquisition is valued at approximately US$1.26 Mln (or approximately €1.2 million) and is subject to due diligence and the signing of a definitive agreement.

The bifacial solar farm, equipped with Huawei Technology inverters, achieves a high system performance ratio of over 90%, meaning it operates at more than 90% of its theoretical maximum output despite external factors. These inverters efficiently convert the direct current (DC) electricity generated by the solar panels into alternating current (AC) electricity, which is suitable for distribution through the national grid. The solar farm is connected to the national grid under a Power Purchase Agreement (PPA) with Mega Concept LLC Skopje, ensuring stable revenue streams based on HUPX pricing. In addition to income from energy sales, the project generates significant additional revenue through carbon credits, further boosting its profitability. With a projected payback period of approximately 9 years, the solar farm is expected to deliver strong financial returns throughout its 30-year operational lifespan.

Despite historically relying on lignite coal mining for approximately 30% of its electricity production and gas imports for an additional 15%, North Macedonia has set ambitious decarbonization goals. According to its National Energy and Climate Plan (NECP), the country aims to achieve a 38% share of renewables in final energy consumption by 2030 and 42% by 2040. By the end of 2023, North Macedonia had deployed 535 MW of solar capacity, a significant increase from 190 MW at the end of 2022, according to the International Renewable Energy Agency (IRENA).

This remarkable growth in the solar industry has been driven by abundant sunlight, progressive government policies to reduce coal dependency, and the country’s strategic position as a gateway between Southeast Europe and the European Union. VCI Global views this acquisition as a pivotal step toward entering the European renewable energy market.

VCI Global has engaged the consulting firm OTB Solutions Dooel Skopje in North Macedonia to identify and secure additional solar farm oppor.tunities.

“This is the beginning of a series of solar farm acquisitions that VCIG will undertake and looking ahead for more acquisition opportunities across Southeast Asia and Europe. By targeting solar farms with strong grid connections and government support, we are building a sustainable asset portfolio,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.

NEWS

Nov 1, 2024VCI Global Wins Its First AI Contract Worth US$16 MillionOct 29, 2024VCI Global Completes Founder Group Limited’s IPO on Nasdaq, Records US$5.2 Million in RevenueOct 24, 2024VCI Global Appoints Victor Lee as Executive DirectorOct 21, 2024VCI Global Unleashes Enterprise AI Solutions with V-Gallant, Leveraging NVIDIA’s Computing InfrastructureOct 9, 2024VCI Global Secures Additional US$30 Million Investment Commitment from Alumni Capital LP to Propel Its AI Cloud Computing Business Forward in Q2 2025Oct 1, 2024VCI Global Announces Termination of Its At-the-Market Offering ProgramSep 27, 2024Investor Summit August 2024 Presentations Now Accessible for On-Demand ViewingSep 11, 2024VCI Global Provides Updates on Its AI Business, Capital Raising, and Share Repurchase ProgramSep 10, 2024VCI Global Secures Approximately US$18 Million Contract for IPO DealsSep 3, 2024

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