Advanced Electronics Company inks four MoUs at GITEX 2019
Advanced Electronics Company, a Saudi Arabian Military Industries (SAMI) company, has reported the signing of four new Memorandums of Understanding (MoUs) during GITEX Technology Week (GITEX 2019) in Dubai, UAE. The vital joint efforts with Megvii, Labiba, Nutanix and the Ministry of Communication and Information Technologys Yesser e-Government Program will bolster AECs drive to further create Saudi Arabias indigenous abilities through the transfer and localization of technology, in accordance with the objectives of the Kingdoms Vision 2030 guide for digital change.
The signing ceremonies occurred as part of AECs participation in GITEX 2019 at Dubai World Trade Centre, where the company is displaying its spearheading items and solutions in the cybersecurity, e-services, eHealth, and smart solutions fields. Details of the agreements were as follows:
MoU with Yesser e-Government Program
Set up in 2005 by the Ministry of Communications and Information Technology, the Yesser e-Government Program is liable for directing, encouraging, and expediting the development of e-government services in Saudi Arabia.
Under the provisions of the MoU, Yesser and AEC will supply specialist resources for joint engagement, with the objective of raising the profitability and effectiveness of the public sector. The agreement tries to plot a joint effort model between the parties to identify opportunities that can accelerate the Kingdoms digital evolution and address the future needs of the Saudi Arabian ICT Market.
MoU with Labiba
Headquartered in the UAE, Labiba is an Artificial Intelligence (AI) and Robotic Process Automation (RPA) organization that has practical experience in building virtual agents that can emulate human actions in executing business processes and interact with customers.
Together, Labiba and AEC mean to disrupt the regions digital landscape through the improvement of enterprise-level bot management platforms with native Arabic language understanding, which are equipped for making practical conversational experiences over both voice and text channels. Under the particulars of the MoU, the two parties will join forces to explore the market in Saudi Arabia, with a view to enabling their clients to harness the benefits of AI and RPA.
MoU with Megvii
Situated in Beijing, China, Megvii is an Alibaba-backed technology company that represents considerable authority in image recognition and deep-learning software. The organization's full-stack solutions include algorithms, software, and AI-empowered Internet of Things (IoT) devices.
Under the terms of the MoU, the two parties will cooperate on building an industrially feasible business model that will bring value to their clients. Megviis facial acknowledgment solution stack is quite compelling to AEC, and has a various potential applications for the monitoring of traffic flow, crowd control, and security as part of smart city initiatives.
MoU with Nutanix
Situated in Holland, Nutanix is a cloud computing software company that sells hyper-converged infrastructure appliances and software-defined storage.
Under the provisions of the MOU, Advanced Electronics Company will build up the organization's capacities in the field of cloud computing and create new job opportunities in the technology sector in the Kingdom. Such collaboration opportunities, will fortify AECs position and give access to new markets.
Remarking on the signings, Abdulaziz Al-Duailej, President and CEO of AEC, stated: GITEX, the area's most noteworthy gathering for the technology sector, gives exceptional chances to feature AECs groundbreaking solutions and explore fresh opportunities for collaboration. This is evidenced by the four agreements we have signed here today, which will contribute to further enhancing our capabilities through the transfer of knowledge and cutting-edge technologies to Saudi Arabia. We anticipate working closely with all four partners as we continue on our quest to enrich the local content, in line with the ambitious goals of Vision 2030.
Eng. Ziad Al Mussallam, Executive Vice President of Engineering & Operations, AEC, stated: The signing of these four MoUs marks a significant step in support of the Kingdoms digital transformation journey, and will further strengthen AECs technical expertise in the fields of Artificial Intelligence, process-automation, cloud computing and other key areas. By joining hands with governmental agencies and innovative international organizations, we create opportunities to share knowledge and experience. This vibrant exchange of ideas forms an essential part of our long-term strategy as Saudi Arabia moves forward with confidence to embrace a digital future.
