Universiti Tunku Abdul Rahman (UTAR) and Hai-O Energy (M) Sdn. Bhd., a subsidiary of Hai-O Enterprise Bhd., formalised their collaboration through two memoranda of understanding at a signing ceremony held at the Bankers' Club in Kuala Lumpur on 23 August 2010 and graced by Dr. Hou Kok Chung, Deputy Minister of Higher Education Malaysia .
The first MoU is for collaborative research into the theory and applications of an innovative heat transfer material proprietary to Hai-O Energy with the objective of expanding the usage of this new and high industrial technology which can help reduce energy consumption and conserve the environment. UTAR President Ir. Professor Dato' Dr. Chuah Hean Teik said that he was impressed by the technological breakthrough and the MoU provided a great opportunity for UTAR researchers to further develop the material with Hai-O Energy. He added that it was important for University researchers to do research for the public good.
Chairman of Hai-O Enterprise Bhd. Tan Sri Osman Cassim said, "It was the opening of a new milestone with the signing of the MoUs with UTAR." He said that by teaming up with UTAR researchers, Hai-O Energy could further develop its High Intensity Heat Transfer Technology to play a significant role in energy saving and heat recovery. He elaborated that the setting up of Hai-O Energy, a technology company with R & D capability, signified Hai-O's expansion and diversification into the field of science and technology.
On the collaboration, Chairman of Hai-O Energy Mr. Tan Kai Hee said that it would provide the opportunity to share knowledge and nurture development of energy-saving products for commercial use. He looked forward to the day when the products would be launched.
The second MoU is on the provision of internships to UTAR students and jobs to UTAR graduates in Hai-O Group. This understanding is a win-win arrangement for both partners as UTAR students and graduates will be provided with more internship and job opportunities while Hai-O Group can secure a ready source of qualified and well-trained employees.
Dr. Hou Kok Chung congratulated both UTAR and Hai-O Energy on the synergistic collaboration and said that the Ministry of Higher Education encouraged such academia-industry collaboration as it could contribute to the nation's progress and development.
The signing ceremony signified the beginning of a stronger relationship between the two partners. Also present at the ceremony were Hai-O Group directors and senior management staff and UTAR senior management staff.
During the question and answer session after the ceremony, Suvit Lee, the inventor of the innovative heat transfer technology and also technical director of Hai-O Energy, briefed those present on the theory and benefits of the technology.