Extracted from Media Release:
Aemulus, a leader in Automated Test Equipment (ATE) solutions has purchased from Penang Development Corporation a 1.62 acres land located at Plot 2, Bayan Lepas Industrial Park to support the company’s expansion plan.
This signing of Sales and Purchase Agreement ceremony is held in the presence of Mr. Lim Guan Eng, Chief Minister of Penang, Mr. Ng Sang Beng, Chief Executive Officer of Aemulus and witnessed by Chairman, Ms. Chok Kwee Bee.
Aemulus plans to invest RM25 million for the next three years in research and development and in this project. The corporate office and design center with built-up area of 50,000 square feet are expected to be ready by December 2018. An area of 6000 square feet will be dedicated to Leap-O-Pad program. In line with Penang State @CAT objectives, the Leap-O-Pad program encompasses startup accelerators, mentorship, and the provision of laboratory and workspace.
“We wish to make a difference to the local tech startup community. I left my stable job with calculated and unknown risks ahead of me 12 years ago. Today, I want to help and lessen the design and operational risks commonly faced by startups,” said Ng Sang Beng, CEO of Aemulus and Malaysia Endeavour Entrepreneur.