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30 Fastest Growing Companies in Asia 2023

MDT Innovations: One of the fastest growing technology companies focusing on IoT value chains

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The Internet of Things (IoT) is merging the digital and physical worlds and has quickly become a strategic force for businesses. In a networked society, new value is created in a number of areas by linking things and giving them "smartness."

The rise of IoT has completely transformed various industries and revolutionized human interactions with the world around us. IoT allows real-time data exchange and analysis, enhancing productivity, efficiency, and decision-making by connecting devices, sensors, and systems.

Every second, on average, 127 new devices are added to the internet (McKinsey Digital). The Internet of Things is changing our lives at home, in the car, at work, and everywhere else. It's impacting both our personal and professional lives. However, the Internet of Things is not limited to common objects; other businesses have already embraced this technology.

Connectivity creates new opportunities for businesses, industries, cities, and service providers. These opportunities lead to the development of innovative solutions that transform our world and how we interact with it. 

One of the companies at the forefront of the IoT wave is MDT Innovations. MDT Innovations (MDTi) is rapidly emerging as one of Asia’s fastest-growing IoT solution providers. The company focuses on revolutionizing consumer lifestyles and various industries through innovative IoT solutions. MDTi offers comprehensive value chain solutions, providing services that span from intelligent wireless communications to neural networks. Its expertise is applied to domains such as crowd management, asset management, work-in-progress automation, smart retail, and fintech enablement.

Focusing on the IoT value chain, intelligent wireless sensors, IoT as a service, & data analytics: Meet MDT Innovations

One of the technological businesses in Asia Pacific with the quickest growth is MDT Innovations (MDTi). Focusing on Internet of Things (IoT) value chains that span IoT as a service, intelligent wireless communications, and neural network solutions, the company provides services in important fields such as fintech enablement, things management, and crowd movement. MDTi is proud of its exceptional engineering accomplishments, which include the creation of the MD770R, the smallest NFC module in the world; NFC in SIM cards, which reduced the size of the RF front end and antenna to that of a SIM card; and Linotag, which used an RFID tag with a yarn-based antenna.

The enormous excitement surrounding Industry 4.0 and IoT technologies has further elevated MDTi to the fore. MDTi's intelligent wireless sensor technologies are the foundation for its work-in-progress automation, smart retail, and crowd movement solutions. Retail chains in China, Malaysia, and Australia, as well as Fortune-500 semiconductor companies, carry these solutions.

Since the company's establishment in 2004, profits have been generated. MDTi has had remarkable development, particularly in its export sales, and has generated over $500 million in total export revenue to date. As of 2017, export sales accounted for 98.5% of total income, demonstrating the company's successful international expansion.

Providing award-winning IoT solutions

MDTi has won numerous Asia Pacific ICT Awards, including the Prime Minister Award's Best of the Best in 2007 and 2013. It has also won the Asia Pacific ICT Award in 2006, 2007, 2013, and 2017. The business was recognized as one of Red Herring Magazine's top 100 innovative and promising technology businesses in 2008. With this honor, MDTi joined the ranks of previous winners, which included Google, Yahoo!, Youtube, Qualcom, and Ebay.

When it comes to awards, MDTi ranked 12th in the Deloitte Technology Fast 500 Asia Pacific in 2011. With 3130% growth from 2008 to 2010, it is also the fastest growing firm in Malaysia. In 2015, MDTi was recognized as a cool vendor by Gartner, and in 2018, APAC CIO Magazine ranked MDTi as one of the top 25 providers of IoT solutions. The company received an award from Frost & Sullivan for its innovative and leading strategy in Asia Pacific IoT solutions.

MDT Innovations aims to help customers understand and make sense of their surroundings to improve user experiences and business advancements. The company has created a culture and strong values in its employees to achieve its goal of providing IoT solutions and services for clients to connect with things they want. This has helped them achieve their goals.

MDTi’s IoT solutions

Research, design, development, deployment, and maintenance of IoT infrastructure solutions and essential components are the focus of MDTi's IoT efforts. The main aim of the technical team is to build complete Internet of Things systems, including RFID inlays, reader-writers, gateways, smart devices, modules, antennas, mobile apps, and software components.

  • SCHOOLTRAC

The most recent wireless sensor technologies are used by SchoolTrac to monitor students' entry and exit from the school grounds. To reassure parents and teachers about their children's safety and security, real-time notifications and alerts are delivered to them.

  • INDUSTRY 4.0 – WIP AUTOMATION

Industry 4.0 is about using advanced technology like the Internet of Things and cloud computing to improve manufacturing. It helps track and monitor production in real time, making it easier to manage inventory and improve productivity. It also reduces delivery risks by managing the supply chain more effectively.

  • LINOTAG® CONNECTED APPAREL SUITE

LINOTAG Connected Apparel uses linen-based RFID tags with a discreet yarn antenna, allowing them to go undetected by needle detectors. The Connected Store Suite utilizes RAPITA Smarthook technology to equip racks with RFID scanners, enhancing visibility and tracking apparel movement in stores. It analyzes trends, demography, and improves customer engagement.

  • UBIQUITOUS MONITORING OF TROLLEYS

Within designated locations, the UMOT System may do an instantaneous stock count. This guarantees that trolleys are always available and makes the best use of the staff.

Meet the CEO

Liew Choon Lan is the Group CEO of MDT Innovations.

“MDTi is proud of its standout engineering achievements, mainly the development of the world's smallest NFC module, MD770R, and NFC in SIM cards, which shrank the RF front end and antenna into the size of a SIM card, thus empowering all mobile phones to become NFC-enabled.”

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