Teras Teknologi

Teras Teknologi
	File:TerasCompanyLogo.jpg
Company type	Sendirian Berhad / corporation
Industry	Technology
Founded	1994
Headquarters	Faber Towers, Taman Desa, Kuala Lumpur, Malaysia
Key people	Mohd Hussein Ab Hamid, Designated Director; Ir. Abdul Rahim Seliman, General Manager
Products	Technology; Electronic Toll Collection; SmartTAG; Touch n Go; Fault management;
Revenue	$12.1 million USD (2006)
Number of employees	148
Website	[1]

Teras Teknologi (Teras), a subsidiary of United Engineers Malaysia known as UEM Group is a Malaysia 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 use through out Malaysia as highway, parking and public transportation payment as well as access system by over 4 million users (as at February 2007).

History

Teras Teknologi was established in 1994 when the government of Malaysia called for the need of a more efficient payment systems at highway networks nationwide that also capable of multiple usages. Formed through the consolidation and merger of IT Departments of Renong, UEM, PLUS and Intria; Teras created core research and development (R&D) team specifically for highway management and payment collection systems.

At the same time, all of the companies which had their IT departments merged into Teras continue in engaging Teras as the outsourcing partner for their own IT needs.

By end of 1996, Teras has installed the system for Penang Bridge, North-South Expressway Central Link (ELITE) and North-South Expressway (NSE / PLUS Expressways) nationwide highway network of over 800 lanes. In 1997, Teras then expanded to its first international venture as toll system supplier and integrator for Manila-Cavite Highway, Philippines.

1997 marked as the year when Teras was the first company in the region to has introduced Electronic Toll Collection (ETC) System, beginning with North-South Expressway (NSE/PLUS) that was the predecessor of SmartTAG.

The company peaked nearing the end of the 90’s. In 1998, sales breached the twenty million dollars mark. Over one hundred and forty employees worked for Teras Teknologi with over forty of them dedicated in R&D division alone. During that time, the company diversified further and won contracts to supply total network environment and IT requirements for the Commonwealth Village in Bukit Jalil, in conjunction with Commonwealth Games hosted by Malaysia in 1998. At the same year, Teras was also contracted to design, build and equipped TIME dotCom data center in Glenmarie, Shah Alam.

In 1999, Teras began to focus most of its attention on transportation industry requirements. Started with automation of toll collection system with the introduction of Touch n Go with Rangkaian Segar and introduction of SmartTAG in the year 2000.

Teras then moved to parking automation solution capitalizing on Touch n Go platform in 2001 with the first installation for 12 parking sites for Lien Hoe Group. It has grown to over 30 sites over the next 2 years.

The millennium set the pace for further growth with diversification of usages has been expanded to public busses and trains under Rapid KL wings and trains of KTM Komuter.

In 2002, the same technology platform developed by Teras was also deployed as door access system for TIME Engineering, UEM Group, UEM Land, Macroworks, Tenaga Nasional Berhad (TNB) and various other companies; totaling to over 100 doors.

As of 2006, Teras has installed over 1100 cash highways lanes, 418 Touch n Go lanes, 198 SmartTAG lanes, 80 parking lanes, and over 100 doors; with USD150 million dollar contract delivered to date (1994-2007) Teras has now become one of the leading payment system provider in Malaysia with dominance in highways sector.

Current

May 2007, Teras has secured contract to implement toll collection system at Bhiwandi-Kalyan-Shil Phata Highway in India and second stage of negotiation for a project in Sri Lanka; expected to close before end of 2007.

June 2007, North-South Expressway (NSE) awarded Teras 2 years contract for the outsourcing of equipments and spares worth USD4.2 million dollar.

Operations

Effective April, 2006, the company's operations are categorized into 3 "Business Units" with each Business Unit divided into "Business Segments," according to the company's core business focus.

Payment System
- Expressways Toll System
- Parking System
- Integrated Ticketing System
Integrated Surveillance and Control Systems (iSACS)
- Access System
- Surveillance and Control System
- Tracking System
Managed Services
- Network Infrastructure
- Enterprise Solution
- Application Service Provider
- Internet Data Center
- Strategic IT Oursourcing

Teras currently manage total highway management system for 966 kilometres North-South Expressway, North Klang Valley Expressway, Malaysia-Singapore Second Link, Damansara-Puchong Expressway and Sprint Expressway. In total Teras manages all currently operational twenty-one highway operators in Malaysia.

Teras also manages six companies of their IT requirements through its IT Outsourcing services (Managed Services).

Current projects undertake include total highway management system for Butterworth Outer Ring Road (BORR) and Stormwater Management and Road Tunnel (SMART) Project.

New solutions developed and introduced by end 2006 are the SmartTAG Upgraded Version currently installed at 18 lanes of Sprint and Damansara-Puchong Expressway; and Automatic Vehicles Classification (AVC) second generation; component of Electronic Toll Collection System at 38 lanes of Kajang Dispersal Link Expressway (SILK).

Corporate governance

Current members of the board of directors of Teras Teknologi are: Mohd Hussein Ab Hamid, Mohamed Azlan Mohamed Tahir, and Raja Azmi Raja Nazuddin.

Daily operations of Teras handle by Ir. Abd. Rahim Seliman, General Manager of Operations.

Teras Teknologi plan for listing in Kuala Lumpur Stock Exchange (KLSE) in 2009.

References

Isham, Zaidi (2007-02-13). "Teras Teknologi Aims for Bursa listing in 2009". Business Times. Retrieved 2007-02-13.

Guerin, Bill (2004-05-15). "Grim Report Indonesia Needs Infrastructure Funds". Asia Times. Retrieved 2007-02-13.

Nicolash, Korano (2004-08-03). "Ketika Saudara Tua Harus Mengakui Hebatnya Sang Adik". Kompas. Retrieved 2007-02-13.

Awang, Ariff (1999-03-16). "SmartTAG, Touch n Go Systems for all Highways: Samy" (PDF). Business Times. Retrieved 2007-02-13.

External links