­ Nova MSC Berhad entered into a memorandum of understanding (MoU) with Theta Edge Berhad (Theta) to collaborate on joint marketing and promotion of healthcare, public sector and applied artificial intelligence ("AI") solutions and products in Malaysia and other ASEAN Countries. Theta, a member of Tabung Haji Group is a Bursa Malaysia Main Market listed company focusing on Information Communication & Technology ("ICT") Services and Telecommunication Engineering industry. The MoU intends to set forth the general understanding of Nova MCS and Theta in relation to their strategic alliance.

A filing with Bursa Malaysia shows that Nova MSC will play the role as a technology partner to Theta, jointly assessing or deciding the solution, architecture, suitability of technical components and interoperability with third-party systems or the existing IT infrastructure. Meanwhile, Theta will develop a mutually acceptable business plan for the products in Malaysia and other ASEAN Countries, together with marketing and commercial plans with delivery timelines. Aside from that, Nova MSC will also take the lead in technical sales, pre-sales and sales activities to support Theta.

This includes but is not limited to end-user training, technical assistance and support services upon the successful award of a project.