VCI Global has entered into an agreement with Wootzano Limited to appoint VCI Global as its exclusive distributor of Wootzano’s Avarai robotic packing systems in Malaysia. The agreement augments VCI Global’s capabilities and value as an innovating provider of business development and consulting services to an ever-expanding variety of industrial sectors. Under the terms of the agreement, VCI Global will receive priority supply and pricing terms from Wootzano on any orders of the Avarai food-handling robotic system in Malaysia, which the Company plans to introduce to its consulting customers within various niches of the agricultural growing and distribution markets. As consideration for these exclusive rights, VCI Global has agreed to a schedule of minimum purchase commitments, starting in 2024. Management believes that there is potential for deployment of 10,000 Avarai robots by the year 2030 in Malaysia.
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