In a filing with Bursa Malaysia last week, ITMax System announced that it had accepted a letter of acceptance (LOA) from Kuala Lumpur city hall (DBKL) to operate and maintain a smart traffic light system across the city for three years, The Edge reports.
Details of the project, which is worth RM42 million, such as the site possession date and the completion timeline, will be determined in due course. In its filing, ITMax said that work will only begin after it has met the LOA’s conditions, which include providing a RM700,000 performance bond and submitting the required insurance documents with proof of payment.
The artificial intelligence (AI)-powered digital infrastructure solutions provider was previously appointed in 2023 to deploy a smart traffic controller system in Kuala Lumpur.
In a statement, ITMax MD and CEO William Tan Wei Lun said the contract reflects DBKL’s confidence in the company and its technology. He said the system would integrate CCTV infrastructure with AI-driven analytics to enable real-time traffic monitoring, adaptive signal control and data-driven decision-making, improving traffic flow and road safety.
Earlier this month, ITMax won a RM36 million contract from the ministry of home affairs (KDN) to deploy an AI-powered CCTV system at national cross-border entry and exit points across the peninsular.
If the company sounds familiar, you probably heard it from street parking – back in August, its 70%-owned subsidiary Selmax secured a 10-year contract from both the Subang Jaya city council (MBSJ) and Shah Alam city council (MBSA) to manage the Selangor Intelligent Parking (SIP) system for both councils.
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