SUIC Worldwide Holdings Ltd (SUIC)

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$SUIC iDrink Announce Distribution and Installation of its First Batch of iDrink Smart IoT Vending Machines in Malaysia and other
SUIC iDrink Announce Distribution and Installation of its First Batch of
iDrink Smart IoT Vending Machines in Malaysia and other locations in the ASEAN
markets

NEW YORK and Taipei, Nov. 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – SUIC
iDrink is set to initiate distribution and installation of its iDrink Smart
IoT Vending Machines in the ASEAN markets of Malaysia, Vietnam, Thailand,
Indonesia, Laos, Philippines, Singapore, Brunei, Cambodia, and Myanmar,
supported by its head office in Selangor, Malaysia and adopting its iCloud
cloud solutions and data center services.

SUIC iDrink gains from its strong distribution network across Southeast Asia
and Pacific as SUIC iDrink focus on technology innovation and product
differentiation further securing its position.

iDrink SUIC Malaysia Sdn Bhd. is importing its first unit of iDrink Smart IoT
beverage vending machine this month of November 2019, and estimated to install
a total 500 units in Kuala Lumpur, Johor, Malacca, Ipoh, Penang by 2020,
targeting Chinese and Indian high-end consumers in hotels, supermarkets,
recreational clubs, KTV’s, apartments and condominiums, lounges, banquet
halls, supermarkets, cafes, restaurants, public transportation stations
(airports, bus and train stations), etc. More machines will also be installed
in the coming months of year 2020 in Vietnam, Thailand, Indonesia, Laos,
Philippines, Singapore, Brunei, Cambodia, and Myanmar. Its marketing services
include sales, promotion, and marketing, shipment and installation, collection
of data on installed bases for trends analyses, and support and maintenance of
the iDrink packages.

iDrink SUIC Malaysia Sdn Bhd. brings together multiple operations across the
ASEAN through its launch in Malaysian market this November 2019, to better
serve customers and industry partners. As part of this launch, SUIC iDrink
unveils its Malaysian headquarters as its platform for cooperation and
innovation that will develop up-to-date solutions to optimize marketing and
sales efficiencies for building its business segments. SUIC iDrink believes
that Malaysia hub will enable it to enter new markets, attract new customer
segments, monetize data while cutting operating costs and earning profits from
direct product sales.

About iDrink SUIC Malaysia Sdn Bhd.

iDrink SUIC Malaysia Sdn Bhd. is the long-term joint venture company between
SUIC and iDrink Taiwan registered in Malaysia and located in Klang, Selangor,
Malaysia. It will accelerate development and distribution of iDrink Smart IoT
Vending Machines in the ASEAN emerging markets and will serve markets in
Indonesia, Laos, Philippines, Singapore, Thailand, Brunei, Cambodia, Malaysia,
Myanmar, and Viet Nam, supported by the newly-implemented single market, the
ASEAN Economic Community (AEC) of the ASEAN Vision 2020 initiative. In line
with the continued economic growth in Southeast Asia, this joint venture will
elevate the beverage experience for the region’s 650 million consumers and
will expand marketing in the AEC for the iDrink Smart IoT beverage vending
packages. Its base network will expand sales of iDrink systems, develop
business partnerships with companies in the region, and manage iDrink business
on its iCloud platform. To learn more, please visit www.idrink.com.tw


https://www.bloomberg.com/press-releases/2019-11-19/suic-idrink-announce-distribution-and-installation-of-its-first-batch-of-idrink-smart-iot-vending-machines-in-malaysia-and-other