Teras Teknologi
Encyclopedia
Teras Teknologi currently a subsidiary of UEM Group
Berhad (formerly known as United Engineers Malaysia Berhad) is a Malaysian global corporation
based in Kuala Lumpur
.
TERAS is the creator, developer, and leading system integrator of Touch n Go and SmartTAG in multiple platform technology
widely used throughout Malaysia as highway
, parking and public transportation payments as well as access control
system by over 6 million users (as at June 2009).
With 1,800 toll lanes committed to date, TERAS is the leading provider of Electronic Toll Collection
system in South East Asia and control over 70% market share in Malaysia. TERAS now diversified its technology capabilities into transportation and property
market.
(ETC) as the outcome of Malaysia’s large scale program of public enterprises privatization outlined in Privatization Masterplan (PMP) in 1991. The program had enabled the imposition of tolls on roads previously built by the Public Works Ministry or the Malaysian Highway Authority
(Lembaga Lebuhraya Malaysia, or LLM).
Following the incorporation of TERAS, Abd Karim Hercus who was instrumental in setting up Electronic Data Processing Department of Projek Lebuhraya Utara-Selatan (PLUS) was appointed as the first Managing Director. This in turn enabled PLUS TAG, predecessor of SmartTAG and South East Asia first Electronic Toll Collection
(ETC) to be immediately developed through technical collaboration with Mitsubishi Electric
Corporation of Japan
and Projek Lebuhraya Utara-Selatan (PLUS).
In 1996, TERAS created its own internally developed ETC named TERAS Revenue and Collections System (TRACS) which was instantly deployed for Penang Bridge
, North-South Expressway Central Link
(ELITE) and North-South Expressway (NSE/PLUS Expressways) nationwide highway network of over 800 lanes.
By 18 March 1997, TRACS was enhanced with development and introduction of Touch n Go (pre-paid smart card electronic payment system) at Jalan Pahang Toll Plaza.
The year also marked TERAS first international venture as ETC supplier and integrator for Manila-Cavite Expressway
, Philippines
.
In term of corporate ownership, the highlight was divestment by Renong Berhad of its 70% equity stake in TERAS to UEM Group for RM11.3 million cash (USD$5 million equivalent at that time) in June 1999.
In ETC area, TERAS upgraded TRACS through the development of SmartTAG (a non-stop electronic toll collection) and completed its national implementation by 15 March 1999 (replacing PLUS TAG) at 20 toll plazas of North-South Expressway (NSE/PLUS Expressways).
Built on a non-stop Electronic Toll Collection (ETC) philosophy, SmartTAG incorporated infra-red communication, a proprietary technology control by an Austrian company; EFKON Gmnbh that communicated with infra-red transceivers mounted at the ceilings of toll plazas to allow vehicle drivers to drive through SmartTAG dedicated lanes and pay toll without stopping. It is designed to process up to 1,200 vehicles per hour.
A joint venture between EFKON, under Dr Helmut Rieder was set up with UEM Group
that created Infrared Advance Technology Sdn Bhd (IRAT) to produce SmartTAG related hardwares and on-board unit for mass production.
In general ICT projects, TERAS has bid and won contracts to supply total network environments and IT requirements for the Commonwealth
Village in Bukit Jalil
, in conjunction with the Commonwealth Games
hosted by Malaysia in 1998. At the same year, TERAS was also contracted to design, build and equip TIMEdotCom data center
in Glenmarie, Shah Alam
.
As deterrence for Year 2000 Problem (Y2K), TERAS was engaged by 9 companies under UEM Group
to ensure readiness, through creation of internal operations plans continuity in the event of possible technical glitches caused by the Y2K bug.
For financial year 1999, TERAS revenues breached USD$20 million mark with over 140 employees employed. The year also marked the appointment of Akbar Ahmad as the new Managing Director of TERAS.
gave significant impact to TERAS businesses and translated to negative business growth that lasted until mid 2004.
The negative business growth was attributed by the deferment of further ETC upgrading works at existing highways and of new highway projects in Malaysia and regionally. TERAS was further affected with cost cutting measure implemented by most organization where ICT projects were put as low priority.
As counter-measure strategy, TERAS deployed TRACS to other market usages, first as parking automation solution capitalizing on Touch n Go platform in 2001. Following that, TERAS Automated Parking System (TAPS) was created and breakthrough was achieved with the first installation of 12 parking sites for Lien Hoe Group. It has grown to over 30 sites within the next 2 years.
In 2002, TRACS technology platform was also deployed to door access system for TIME Engineering, UEM Group
, UEM Land, Macroworks, Tenaga Nasional
Berhad (TNB) and various other companies; totaling over 100 operational access doors.
These measures enabled TERAS to remain profitable throughout this time-line even with negative business growth.
The Malaysia’s economy pick-up during the period has benefited TERAS with an average of 20% annual business growth.
The Minister of Works, Samy Vellu
directive of compulsory minimum 2 Touch 'n Go
lanes and 1 SmartTAG lanes at all existing and new toll plazas to facilitate highway users ease of travel has positioned TERAS at a higher value.
Previously deferred highway construction projects also began in earnest. New Pantai Expressway
(NPE), Maju Expressway
(MEX), Stormwater Management and Road Tunnel
(SMART), Duta-Ulu Klang Expressway
(DUKE) and Butterworth Outer Ring Road
(BORR) resumed and placed their ETC installation orders with TERAS whilst NSE called for third-lanes widening projects, toll plazas relocation and lanes upgrade, further contributed positively to TERAS.
With the realization of the need to ensure sustainable growth, TERAS consolidated its business activities into three major segments; Transportation, Property
and eBusiness.
TERAS first foray into property segment technology development was the implementation of resident/visitor integrated manual; Touch n’ Go and SmartTAG access with security surveillance at Ledang Heights housing development, Nusajaya in 2005.
The property business segment secured a major USD$2.2 million project of Integrated Building Management
System with integration of Audio-visual, parking, security access, visitor management and facilities command center of 29-storey commercial office building at KL Sentral Business District, Kuala Lumpur
in 2008.
Expanding out from ETC in transportation market, TERAS began development in Traffic Control
and Surveillance System (TCSS) and scored major contract worth USD$2.7 million with NSE for the setup of NSE Nationwide Traffic Monitoring Center (TMC) at Persada PLUS in 2008.
International market penetration was marked by TERAS completed the delivery and installation of ETC works for Bhiwandi
-Kalyan
-Shil Phata Road in India
worth USD$1.4 million in 2008. Similar planned project in Sri Lanka
was however shelved.
By end 2008, TERAS effectively controlled 71% of ETC market share
in Malaysia with over 1,200 cash highway
lanes, 418 Touch n Go lanes, 198 SmartTAG lanes, 90 parking
lanes, over 300 access control
doors and 1,500 surveillance cameras installed
For the period of 1994-2008, TERAS has delivered a total contract worth USD$160 million in 4 countries.
For financial year 2008 (audited in March 2009), TERAS recorded USD$17 million revenue realized from USD$36 million book order achieved.
(LKSA), Kuala Lumpur-Kuala Selangor Expressway
(KLS) and South Klang Valley Expressway
(SKVE) whom contracted ETC projects to TERAS worth USD$2.5 million, USD$3.2 million and USD$1.3 million respectively. LKSA is scheduled for traffic operation by 18 May 2010, KLS by third quarter 2010 and SKVE by first quarter 2011.
TERAS was also engaged and instructed by Malaysian Highway Authority
(MHA) to conduct technology study for the implementation of Multi Lane Free Flow (MLFF) at North-South Expressway with 1,000 test users at Batu Tiga Plaza and 100 test users at Damansara-Puchong Expressway
Penchala Toll Plaza . The study was scheduled and completed on December 2009; aimed at ascertaining feasibility of such technology for use in Malaysia in terms of users’ acceptance, issues that might arises and cost benefits. Upon successful system study, MHA plan to implement MLFF as Malaysia next generation ETC with gradual nationwide implementation starting from June 2011 and completed by 2016.
Internationally, TERAS is now in the final stage of negotiation for implementation of ETC in Indonesia for Cikampek
-Palimanan Expressway and Cimmangis-Cibitung Highway. The projects are scheduled for completion by 2011 and 2012 respectively. Both said projects will conservatively add over USD$10 million to TERAS balance sheet.
Further, it was speculated that SmartTAG infra-red technology will not be able to handle the requirement for Multi Lane Free Flow (MLFF). It is expected that the microwave 5.8Ghz transponder systems which are currently undergoing testing under instruction by Malaysian Highway Authority
(MHA) to TERAS will be the replacement of SmartTAG. Final decision on the matter will be decided by the Malaysian Cabinet scheduled by mid 2010.
TERAS also being taken to task for its revenue dependencies on UEM Group
of companies which currently contributed to 60% of its total revenues (50% from PLUS alone as the biggest highway concessions in Malaysia). Thus, the restructuring of the company currently on-going to further broaden its revenue stream.
To date, 18 of 25 Malaysia's highways concessions deployed 100% of its technology requirements from TERAS of which the balance 7 use at the minimum of 30%.
of TERAS: Lila Azmin Abdullah and Nik Airina Nik Jaffar.
The company businesses and daily operations are led by Ir. Abd. Rahim Seliman, Chief Operating Officer.
UEM Group
United Engineers Malaysia Berhad or UEM Group is a Malaysian company of Engineering and Constructions, Township and Property Development, Expressways and Asset Facilities Management....
Berhad (formerly known as United Engineers Malaysia Berhad) is a Malaysian global corporation
Globalization
Globalization refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees, and import...
based in Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
.
TERAS is the creator, developer, and leading system integrator of Touch n Go and SmartTAG in multiple platform technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
widely used throughout Malaysia as highway
Highway
A highway is any public road. In American English, the term is common and almost always designates major roads. In British English, the term designates any road open to the public. Any interconnected set of highways can be variously referred to as a "highway system", a "highway network", or a...
, parking and public transportation payments as well as access control
Access control
Access control refers to exerting control over who can interact with a resource. Often but not always, this involves an authority, who does the controlling. The resource can be a given building, group of buildings, or computer-based information system...
system by over 6 million users (as at June 2009).
With 1,800 toll lanes committed to date, TERAS is the leading provider of Electronic Toll Collection
Electronic toll collection
Electronic toll collection , an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads by collecting tolls electronically. It is thus a technological implementation of a road pricing concept...
system in South East Asia and control over 70% market share in Malaysia. TERAS now diversified its technology capabilities into transportation and property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
market.
1994–1997: Founding
TERAS was formed on 15 September 1994 by Renong Berhad to address the urgent needs of providing cost-effective, reliable and locally supported Electronic Toll CollectionElectronic toll collection
Electronic toll collection , an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads by collecting tolls electronically. It is thus a technological implementation of a road pricing concept...
(ETC) as the outcome of Malaysia’s large scale program of public enterprises privatization outlined in Privatization Masterplan (PMP) in 1991. The program had enabled the imposition of tolls on roads previously built by the Public Works Ministry or the Malaysian Highway Authority
Malaysian Highway Authority
The Malaysian Highway Authority or Lembaga Lebuhraya Malaysia is a government agency under the Malaysian Ministry of Works...
(Lembaga Lebuhraya Malaysia, or LLM).
Following the incorporation of TERAS, Abd Karim Hercus who was instrumental in setting up Electronic Data Processing Department of Projek Lebuhraya Utara-Selatan (PLUS) was appointed as the first Managing Director. This in turn enabled PLUS TAG, predecessor of SmartTAG and South East Asia first Electronic Toll Collection
Electronic toll collection
Electronic toll collection , an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads by collecting tolls electronically. It is thus a technological implementation of a road pricing concept...
(ETC) to be immediately developed through technical collaboration with Mitsubishi Electric
Mitsubishi Electric
is a multinational electronics and information technology company headquartered in Tokyo, Japan. It is one of the core companies of the Mitsubishi Group....
Corporation of Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
and Projek Lebuhraya Utara-Selatan (PLUS).
In 1996, TERAS created its own internally developed ETC named TERAS Revenue and Collections System (TRACS) which was instantly deployed for Penang Bridge
Penang Bridge
Penang Bridge is a dual carriageway toll bridge connects Gelugor on the island of Penang and Seberang Prai on the mainland of Malaysia on the Malay Peninsula. The bridge is also linked to the North-South Expressway in Prai and Tun Dr Lim Chong Eu Expressway in Penang. It was officially opened to...
, North-South Expressway Central Link
North-South Expressway Central Link
North South Expressway Central Link, NSECL , also known as ELITE or ELITE Highway, is the main expressway in Malaysia. The of the expressway starts from Shah Alam Interchange until Nilai North Interchange...
(ELITE) and North-South Expressway (NSE/PLUS Expressways) nationwide highway network of over 800 lanes.
By 18 March 1997, TRACS was enhanced with development and introduction of Touch n Go (pre-paid smart card electronic payment system) at Jalan Pahang Toll Plaza.
The year also marked TERAS first international venture as ETC supplier and integrator for Manila-Cavite Expressway
Manila-Cavite Expressway
The Manila-Cavite Expressway or Aguinaldo Boulevard is a tollway/expressway in the Philippines. It is considered part of the Radial Road 1 of Metro Manila...
, Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
.
1998–1999: Expansion
The period sees TERAS expanded its core businesses and technology diversification in two major areas; ETC and general Information and Communications Technology (ICT) projects.In term of corporate ownership, the highlight was divestment by Renong Berhad of its 70% equity stake in TERAS to UEM Group for RM11.3 million cash (USD$5 million equivalent at that time) in June 1999.
Built on a non-stop Electronic Toll Collection (ETC) philosophy, SmartTAG incorporated infra-red communication, a proprietary technology control by an Austrian company; EFKON Gmnbh that communicated with infra-red transceivers mounted at the ceilings of toll plazas to allow vehicle drivers to drive through SmartTAG dedicated lanes and pay toll without stopping. It is designed to process up to 1,200 vehicles per hour.
A joint venture between EFKON, under Dr Helmut Rieder was set up with UEM Group
UEM Group
United Engineers Malaysia Berhad or UEM Group is a Malaysian company of Engineering and Constructions, Township and Property Development, Expressways and Asset Facilities Management....
that created Infrared Advance Technology Sdn Bhd (IRAT) to produce SmartTAG related hardwares and on-board unit for mass production.
In general ICT projects, TERAS has bid and won contracts to supply total network environments and IT requirements for the Commonwealth
Commonwealth
Commonwealth is a traditional English term for a political community founded for the common good. Historically, it has sometimes been synonymous with "republic."More recently it has been used for fraternal associations of some sovereign nations...
Village in Bukit Jalil
Bukit Jalil
Bukit Jalil is a suburb about 20 km. south of Kuala Lumpur. It is a small suburb bounded by the National Sports Complex on the east, the Shah Alam Expressway on the north, city boundaries to the west, and the Puchong-Sungai Besi Highway as well as city boundaries to the south...
, in conjunction with the Commonwealth Games
Commonwealth Games
The Commonwealth Games is an international, multi-sport event involving athletes from the Commonwealth of Nations. The event was first held in 1930 and takes place every four years....
hosted by Malaysia in 1998. At the same year, TERAS was also contracted to design, build and equip TIMEdotCom data center
Data center
A data center is a facility used to house computer systems and associated components, such as telecommunications and storage systems...
in Glenmarie, Shah Alam
Shah Alam
Shah Alam is the state capital of Selangor, Malaysia situated within the Petaling District and a small portion of the neighboring Klang District. It is located about west of the country's capital, Kuala Lumpur. Shah Alam replaced Kuala Lumpur as the capital city of the state of Selangor in 1978...
.
As deterrence for Year 2000 Problem (Y2K), TERAS was engaged by 9 companies under UEM Group
UEM Group
United Engineers Malaysia Berhad or UEM Group is a Malaysian company of Engineering and Constructions, Township and Property Development, Expressways and Asset Facilities Management....
to ensure readiness, through creation of internal operations plans continuity in the event of possible technical glitches caused by the Y2K bug.
For financial year 1999, TERAS revenues breached USD$20 million mark with over 140 employees employed. The year also marked the appointment of Akbar Ahmad as the new Managing Director of TERAS.
2000–2004: Stagnation
Early 2000 global recessionGlobal recession
A global recession is a period of global economic slowdown. The International Monetary Fund takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession".By this measure, four periods since...
gave significant impact to TERAS businesses and translated to negative business growth that lasted until mid 2004.
The negative business growth was attributed by the deferment of further ETC upgrading works at existing highways and of new highway projects in Malaysia and regionally. TERAS was further affected with cost cutting measure implemented by most organization where ICT projects were put as low priority.
As counter-measure strategy, TERAS deployed TRACS to other market usages, first as parking automation solution capitalizing on Touch n Go platform in 2001. Following that, TERAS Automated Parking System (TAPS) was created and breakthrough was achieved with the first installation of 12 parking sites for Lien Hoe Group. It has grown to over 30 sites within the next 2 years.
In 2002, TRACS technology platform was also deployed to door access system for TIME Engineering, UEM Group
UEM Group
United Engineers Malaysia Berhad or UEM Group is a Malaysian company of Engineering and Constructions, Township and Property Development, Expressways and Asset Facilities Management....
, UEM Land, Macroworks, Tenaga Nasional
Tenaga Nasional
Tenaga Nasional Berhad is the largest Electric utility company in Malaysia and also the largest power company in Southeast Asia with MYR 69.8 billion worth of assets. It serves over seven million customers throughout Peninsular Malaysia and also the eastern state of Sabah through Sabah Electricity...
Berhad (TNB) and various other companies; totaling over 100 operational access doors.
These measures enabled TERAS to remain profitable throughout this time-line even with negative business growth.
2005–2008: Rebound
The Minister of Works, Samy Vellu
Samy Vellu
Dato' Seri Samy Vellu Sangalimuthu is an Indian Malaysian politician. He is the longest serving President of the Malaysian Indian Congress , a component party of the Barisan Nasional coalition, holding the position since 1979, for 11 consecutive terms...
directive of compulsory minimum 2 Touch 'n Go
Touch 'n Go
The Touch 'n Go or smart card is used by Malaysian toll expressway and highway operators as the sole electronic payment system . The credit card sized smartcard made of plastic with Philips' MIFARE microchip technology embedded in it....
lanes and 1 SmartTAG lanes at all existing and new toll plazas to facilitate highway users ease of travel has positioned TERAS at a higher value.
New Pantai Expressway
New Pantai Expressway, ' is a major expressway in the Klang Valley region of Malaysia. The expressway has provided an easier access to Kuala Lumpur from Subang Jaya and Bandar Sunway to avoid the traffic jams on the Federal Highway route during rush hour...
(NPE), Maju Expressway
Maju Expressway
The Maju Expressway ' is the main expressway network in Klang Valley, Malaysia...
(MEX), Stormwater Management and Road Tunnel
SMART Tunnel
The "Stormwater Management and Road Tunnel" or "SMART Tunnel", is a storm drainage and road structure in Kuala Lumpur, Malaysia, a major national project in the country...
(SMART), Duta-Ulu Klang Expressway
Duta-Ulu Klang Expressway
Duta-Ulu Klang Expressway, DUKE, is the main expressway network in Klang Valley, Malaysia. The expressway connects New Klang Valley Expressway's Jalan Duta Interchange to Taman Hillview Interchange on Kuala Lumpur Middle Ring Road 2 in Ulu Klang...
(DUKE) and Butterworth Outer Ring Road
Butterworth Outer Ring Road
Butterworth Outer Ring Road or BORR is an expressway in Butterworth, Penang, Malaysia. This expressway connects Sungai Dua in the north until Perai in the south.- History :...
(BORR) resumed and placed their ETC installation orders with TERAS whilst NSE called for third-lanes widening projects, toll plazas relocation and lanes upgrade, further contributed positively to TERAS.
With the realization of the need to ensure sustainable growth, TERAS consolidated its business activities into three major segments; Transportation, Property
Property
Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation...
and eBusiness.
The property business segment secured a major USD$2.2 million project of Integrated Building Management
Building management
Building management is a discipline that comes under the umbrella of facility management. A building manager supervises the hard and soft services of a built structure, ensuring that the security, health and safety, and maintenance of this built structure are in place to a satisfactory level...
System with integration of Audio-visual, parking, security access, visitor management and facilities command center of 29-storey commercial office building at KL Sentral Business District, Kuala Lumpur
Kuala Lumpur
Kuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
in 2008.
Expanding out from ETC in transportation market, TERAS began development in Traffic Control
Traffic control
Road traffic control involves directing vehicular and pedestrian traffic around a construction zone, accident or other road disruption, thus ensuring the safety of emergency response teams, construction workers and the general public....
and Surveillance System (TCSS) and scored major contract worth USD$2.7 million with NSE for the setup of NSE Nationwide Traffic Monitoring Center (TMC) at Persada PLUS in 2008.
International market penetration was marked by TERAS completed the delivery and installation of ETC works for Bhiwandi
Bhiwandi
Bhiwandi is a city, in the district of Thane, in the western state of Maharashtra, in India, located 20 km to the north-east of Mumbai and 15 km to the north-east of Thane city...
-Kalyan
Kalyan
Kalyan is a city in Thane district of Maharashtra, and a major railway station lying at the junction of the north-east and south-east lines of the suburban Mumbai division of the Central Railway, 53 km north-east of Mumbai. Kalyan is also a major Taluka place, a tehsil of the Thane district...
-Shil Phata Road in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
worth USD$1.4 million in 2008. Similar planned project in Sri Lanka
Sri Lanka
Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...
was however shelved.
By end 2008, TERAS effectively controlled 71% of ETC market share
Market share
Market share is the percentage of a market accounted for by a specific entity. In a survey of nearly 200 senior marketing managers, 67 percent responded that they found the "dollar market share" metric very useful, while 61% found "unit market share" very useful.Marketers need to be able to...
in Malaysia with over 1,200 cash highway
Highway
A highway is any public road. In American English, the term is common and almost always designates major roads. In British English, the term designates any road open to the public. Any interconnected set of highways can be variously referred to as a "highway system", a "highway network", or a...
lanes, 418 Touch n Go lanes, 198 SmartTAG lanes, 90 parking
Parking
Parking is the act of stopping a vehicle and leaving it unoccupied for more than a brief time. Parking on one or both sides of a road is commonly permitted, though often with restrictions...
lanes, over 300 access control
Access control
Access control refers to exerting control over who can interact with a resource. Often but not always, this involves an authority, who does the controlling. The resource can be a given building, group of buildings, or computer-based information system...
doors and 1,500 surveillance cameras installed
For the period of 1994-2008, TERAS has delivered a total contract worth USD$160 million in 4 countries.
For financial year 2008 (audited in March 2009), TERAS recorded USD$17 million revenue realized from USD$36 million book order achieved.
Current
The most recent undertakings saw TERAS working with Kemuning-Shah Alam HighwayKemuning-Shah Alam Highway
The Kemuning – Shah Alam Highway or Lebuhraya Kemuning-Shah Alam, LKSA, is an expressway in Klang Valley, Selangor, Malaysia. The expressway connects Kemuning Interchange of the Shah Alam Expressway near Kota Kemuning until Federal Highway Route 2 Interchange of the Federal Highway route near...
(LKSA), Kuala Lumpur-Kuala Selangor Expressway
Kuala Lumpur-Kuala Selangor Expressway
The Kuala Lumpur – Kuala Selangor Expressway, KLS or sometimes called it LATAR Expressway, is an expressway in Selangor, Malaysia. It's also part of the Kuala Lumpur Outer Ring Road...
(KLS) and South Klang Valley Expressway
South Klang Valley Expressway
The South Klang Valley Expressway or SKVE is an expressway in the southern part of Klang Valley, Malaysia's most densely populated region. This dual-carriageway provides links to the booming towns in southern Klang Valley, including the country's administrative capital, Putrajaya...
(SKVE) whom contracted ETC projects to TERAS worth USD$2.5 million, USD$3.2 million and USD$1.3 million respectively. LKSA is scheduled for traffic operation by 18 May 2010, KLS by third quarter 2010 and SKVE by first quarter 2011.
TERAS was also engaged and instructed by Malaysian Highway Authority
Malaysian Highway Authority
The Malaysian Highway Authority or Lembaga Lebuhraya Malaysia is a government agency under the Malaysian Ministry of Works...
(MHA) to conduct technology study for the implementation of Multi Lane Free Flow (MLFF) at North-South Expressway with 1,000 test users at Batu Tiga Plaza and 100 test users at Damansara-Puchong Expressway
Damansara-Puchong Expressway
The Damansara–Puchong Expressway or Lebuhraya Damansara-Puchong, LDP, is a major expressway in Klang Valley, Selangor in Malaysia. It links major townships in Damansara and Puchong and decreases travel time between them...
Penchala Toll Plaza . The study was scheduled and completed on December 2009; aimed at ascertaining feasibility of such technology for use in Malaysia in terms of users’ acceptance, issues that might arises and cost benefits. Upon successful system study, MHA plan to implement MLFF as Malaysia next generation ETC with gradual nationwide implementation starting from June 2011 and completed by 2016.
Internationally, TERAS is now in the final stage of negotiation for implementation of ETC in Indonesia for Cikampek
Cikampek
Cikampek is a subdistrict of Karawang Regency, West Java, Indonesia. It is divided into 10 administrative villages . Distance from subdistrict centre Cikampek to karawang is 21 miles.- Transportation :...
-Palimanan Expressway and Cimmangis-Cibitung Highway. The projects are scheduled for completion by 2011 and 2012 respectively. Both said projects will conservatively add over USD$10 million to TERAS balance sheet.
Evaluation
TERAS was commented for using proprietary technology control by EFKON as a single sourced party in its development of SmartTAG in 1998. The SmartTAG on board unit which is currently priced at RM100 per unit with compulsory purchase of Touch n Go reload amount of RM100, is heavily subsidized by the highway concessions to pay royalty to EFKON for each SmartTAG assembled by IRAT.Further, it was speculated that SmartTAG infra-red technology will not be able to handle the requirement for Multi Lane Free Flow (MLFF). It is expected that the microwave 5.8Ghz transponder systems which are currently undergoing testing under instruction by Malaysian Highway Authority
Malaysian Highway Authority
The Malaysian Highway Authority or Lembaga Lebuhraya Malaysia is a government agency under the Malaysian Ministry of Works...
(MHA) to TERAS will be the replacement of SmartTAG. Final decision on the matter will be decided by the Malaysian Cabinet scheduled by mid 2010.
TERAS also being taken to task for its revenue dependencies on UEM Group
UEM Group
United Engineers Malaysia Berhad or UEM Group is a Malaysian company of Engineering and Constructions, Township and Property Development, Expressways and Asset Facilities Management....
of companies which currently contributed to 60% of its total revenues (50% from PLUS alone as the biggest highway concessions in Malaysia). Thus, the restructuring of the company currently on-going to further broaden its revenue stream.
To date, 18 of 25 Malaysia's highways concessions deployed 100% of its technology requirements from TERAS of which the balance 7 use at the minimum of 30%.
Operations
Effective November 2008, the company's operations are categorized into 3 "Business Segments":- TRANSPORTATION
- Electronic Toll CollectionElectronic toll collectionElectronic toll collection , an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads by collecting tolls electronically. It is thus a technological implementation of a road pricing concept...
(ETC) - Automated Parking System
- Integrated Ticketing System (ITS)
- Bus Ticketing System (BTS)
- Electronic Toll Collection
- PROPERTY
- Access ControlAccess controlAccess control refers to exerting control over who can interact with a resource. Often but not always, this involves an authority, who does the controlling. The resource can be a given building, group of buildings, or computer-based information system...
System (Commercial Building and Residential) - Surveillance and Control System
- Tracking System
- Access Control
- eBUSINESS
- Network Infrastructure
- Computer softwareComputer softwareComputer software, or just software, is a collection of computer programs and related data that provide the instructions for telling a computer what to do and how to do it....
development - Application Service ProviderApplication service providerAn application service provider is a business that provides computer-based services to customers over a network. Software offered using an ASP model is also sometimes called On-demand software or software as a service ....
- Internet Data CenterData centerA data center is a facility used to house computer systems and associated components, such as telecommunications and storage systems...
- Strategic IT Outsourcing
Awards
- Winner of Malaysia-Canada Business Excellence Award 2008 in Science and Technology category.
- Winner of Golden Bull Award 2008 as SME’s Most Outstanding Company.
- Merit in MSC-APICTA (Asia Pacific ICT Award) 2007 for Best of Application & Infrastructure Tools category.
- Winner of Malaysia’s Top 50 Enterprises Award for 2007, ranked 6th overall as the best privately held company in Malaysia.
Competitors
- Q-FreeQ-FreeQ-Free ASA is an electronic toll collection technology development company based in Trondheim, Norway. The company delivers systems for toll collection and automated ticketing globally and is listed on the Oslo Stock Exchange.-History:...
ASA (Q-Free) - Redflex Transport System (RTS)
- KapschKapschThe Kapsch Group, headquartered in Vienna, Austria, is an international Road Telematics, Information Technology and Telecommunications Company. The corporate group, with more than 4,000 employees worldwide generated total revenue of € 829.9 Million as of March 2011 and has invested € 55.8 Million ...
Traffic Systems (Kapsch) - MitsubishiMitsubishiThe Mitsubishi Group , Mitsubishi Group of Companies, or Mitsubishi Companies is a Japanese multinational conglomerate company that consists of a range of autonomous businesses which share the Mitsubishi brand, trademark and legacy...
Transportation Systems (Mitsubishi) - GEAGEAGEA was a Swedish automobile manufacturer founded by Gustaf Ericsson in 1904 in Stockholm. Originally the company was located in Arbetargatan, but later it moved to Liljeholmen. Together with his study friends from Chalmers University of Technology K G Karlsson and Erik L Magnus they had the...
- EFKON Gmbh (EFKON)
- Pradonet Sdn Bhd (Pradonet)
Corporate governance
Current members of the board of directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
of TERAS: Lila Azmin Abdullah and Nik Airina Nik Jaffar.
The company businesses and daily operations are led by Ir. Abd. Rahim Seliman, Chief Operating Officer.
See also
- Touch n Go
- SmartTAG
- Electronic Toll Collection System
- Multi Lane Free Flow (MLFF)
- Malaysian Highway AuthorityMalaysian Highway AuthorityThe Malaysian Highway Authority or Lembaga Lebuhraya Malaysia is a government agency under the Malaysian Ministry of Works...
- Malaysian expressway systemMalaysian Expressway SystemThe Malaysian Expressway System , which begins with the North-South Expressway , is currently in the process of being substantially developed...
- List of Expressways and Highways in Malaysia
- Chronology of Malaysian Expressway System Events
- North-South Expressway (NSE) also known as PLUS Expressway
- North Klang Valley Expressway
- Penang BridgePenang BridgePenang Bridge is a dual carriageway toll bridge connects Gelugor on the island of Penang and Seberang Prai on the mainland of Malaysia on the Malay Peninsula. The bridge is also linked to the North-South Expressway in Prai and Tun Dr Lim Chong Eu Expressway in Penang. It was officially opened to...
- Malaysia-Singapore Second LinkMalaysia-Singapore Second LinkMalaysia–Singapore Second Link is a bridge connecting Singapore and Johor, Malaysia. In Singapore, it is officially known as the Tuas Second Link. The bridge was built to reduce the traffic congestion at the Johor–Singapore Causeway, and was opened to traffic on 2 January 1998...
- Damansara-Puchong ExpresswayDamansara-Puchong ExpresswayThe Damansara–Puchong Expressway or Lebuhraya Damansara-Puchong, LDP, is a major expressway in Klang Valley, Selangor in Malaysia. It links major townships in Damansara and Puchong and decreases travel time between them...
- Sprint ExpresswaySprint ExpresswaySprint Expressway is the main expressway network in Klang Valley, Malaysia. The of expressway is divided into three sections. This sections included the Kerinchi Link, Damansara Link and Penchala Link...
- Butterworth Outer Ring RoadButterworth Outer Ring RoadButterworth Outer Ring Road or BORR is an expressway in Butterworth, Penang, Malaysia. This expressway connects Sungai Dua in the north until Perai in the south.- History :...
- Stormwater Management and Road TunnelSMART TunnelThe "Stormwater Management and Road Tunnel" or "SMART Tunnel", is a storm drainage and road structure in Kuala Lumpur, Malaysia, a major national project in the country...
(SMART) - ProlintasProlintasProlintas or Projek Lintasan Kota Sdn Bhd is the second biggest highway concessionaries or Build-Operate-Transfer operator company in Malaysia after PLUS Expressways Berhad...