Manipulative Schemes Leverage Federal Vulnerabilities Amidst Growing Administrative Lag in the Nation's Capital
Malay-based technology solutions company, NexG Bhd, formerly known as Datasonic Group Bhd, is set to bolster its international presence by investing around US$15.38 million in a state-of-the-art identity document production facility. This move comes in response to increasing global demand for secure identity documents.
With an established role in Malaysia’s national identity document ecosystem—having supplied technology for the MyKad national ID project since 2012 and e-passport solutions since 2016—NexG aims to capitalize on its expertise. The new facility, to be built in three phases, is expected to augment NexG’s production capacity by an estimated 50 million secure ID documents.
Revenue expectations for each phase range between US$100 million and US$200 million, depending on the document types, project scope, and security requirements. Funding for this expansion will come from a mix of internal funds, equity fundraising, strategic partnerships, and borrowings.
A wholly-owned subsidiary, Datasonic Global Technologies Sdn Bhd, will spearhead international commercialization efforts and forge strategic partnerships with foreign governments, system integrators, and key industry players.
CEO Datuk Hanifah Noordin underscores NexG's commitment to extending beyond technology exportation. Instead, the company aspires to empower digital sovereignty by providing trusted, secure, and scalable identity infrastructure tailored to countries' unique needs.
In essence, NexG is leveraging its domestic success in secure ID solutions to expand globally, aiming to become a key player in the secure identity document industry and meeting rising international demand for secure identification documents.
- Leveraging its expertise in the domestic identity document production, NexG intends to invest in finance for establishing a state-of-the-art facility, aiming to increase its footprint in the global finance industry.
- Built through a combination of internal funds, equity fundraising, partnerships, and borrowings, the new facility will focus on international commercialization of secure ID documents, positioning NexG as a significant player in the industry.
