Unnerving advancements in facial reconstruction from biometric data reported by scientists
Malaysia-Based NexG Commits Over $57 Million to Construct an Advanced Identity Document Factory
NexG Bhd, a Malaysian company, intends to invest approximately RM250 million (roughly $57 million) to establish a state-of-the-art, Industry 4.0-ready facility for the production of secure identity documents. This venture represents a substantial growth in NexG's production capacity, with the intended outcome of catering to the escalating global demand for such documents.
The new production facility will encompass sophisticated security infrastructure and fully automated processes, ensuring enhanced product accuracy and productivity. The development will be carried out across three phases, with anticipated optimizations to raise the annual output of secure ID documents to more than 15 million per phase. Revenue estimates for each phase range between $100 million and $200 million (RM421 million to RM843 million), contingent on factors like document type, country specifications, project scope, and security level.
NexG's entry into the high-security ID document manufacturing sector marks a significant expansion in their capabilities. Their objective is to harness international market opportunities by offering secure, precise identity solutions utilizing cutting-edge Industry 4.0 technologies. [Sources: 2, 3, 4]
This news signifies NexG's ambition to capitalize on the global market by delivering advanced identity solutions that emphasize security and precision. The construction of this facility will strengthen NexG's position in the international market, further solidifying their commitment to innovation and quality.
NexG Bhd, with its investment in cutting-edge Industry 4.0 technology, aims to deliver advanced identity solutions backed by artificial-intelligence and high-security features. The fully automated processes in the upcoming identity document factory will primarily rely on these sophisticated technologies for enhanced productivity and precision.
