Kuala Lumpur, Malaysia (October 13, 2003) - InventQjaya Sendirian Berhad was formally incorporated in Selangor, Malaysia as a fully owned subsidiary of Reveo, Inc. This company is a result of the synergistic vision of the Prime Minister of Malaysia, Dr. Mahathir Mohamad’s Vision 2020, and the CEO of Reveo, Dr. Sadeg Faris’ ‘globalization through localization’. InventQjaya, through its focus on developing and commercializing new and innovative technologies, will help in Malaysia’s efforts in transforming herself into a knowledge-based economy.
InventQjaya will adopt Reveo’s successful InventQbation business model, an approach that concentrates on developing new pioneering technologies that can revolutionize industries and targets billion dollar markets. After proving the feasibility of the technology, subsidiaries are spun out to focus on product development and marketing to ensure successful market commercialization of the technology. To ensure the success of InventQjaya, Reveo and its other subsidiaries are transferring several frontier technologies, all independently developed in their own labs. These technologies come from a diverse scientific background, including Metal Fuel, Water Desalinization, 3D Stereoscopic Imaging, and Cholesteric Liquid Crystal, among others.
In addition, the government of Malaysia has pledged to build a 250,000 square feet state-of-the-art research laboratory for InventQjaya’s use. While Reveo will provide managerial and scientific staffing in the initial years, the intent of this venture is to develop local scientific and entrepreneurial attitudes. As InventQjaya grows, it will become a technology Mecca for Southeast Asia, attracting the brightest minds, creating a world-class organization. The successful implementation of InventQjaya will help Malaysia to position herself as a global leader in generating, producing, and exporting leading-edge technologies.
Reveo, Inc. is a US company based in Elmsford, New York USA. Reveo’s mission is dedicated to the invention of significant new technologies and the incubation of businesses that commercialize and exploit those technologies. With its Edison Technology Portfolio (ETP) Laboratories, Reveo is a leader in inventing and developing new technologies that solve difficult problems to meet humanities needs. With a highly experienced research staff in the areas of nanotechnology, electrochemistry, microelectronics, materials science and information technology Reveo has a long history of creating fundamental and significant frontier technologies upon which new businesses can be built. This strategy has to date resulted in the creation of four subsidiary companies that are building and selling products based on Reveo invented technologies.