Cheqd Introduces SSI Network Supported by Over 20 Vendor Partners
Malaysian Firm Boosts Production of Secure Identity Documents
NexG Bhd, a Malaysian company specializing in identity document production, has announced an investment of approximately RM250 million ($15.38 million) to establish a new facility dedicated to the development of high-security identity documents. This expansion is part of an effort to meet increasing international demand for secure identity solutions.
The investment marks a strategic move by NexG to enhance its production capacity and expand its market presence in identity document technologies. The new plant, slated for completion soon, promises to bolster NexG's ability to meet the rising global demand for secure and sophisticated identity documents.
The investment decision underscores NexG's commitment to innovation and growth in the identity document sector. With this expansion, the company hopes to broaden its horizons and strengthen its position as a key player in the market.
[1] Source omitted for brevity. Details can be supplied upon request.
In this expansion, NexG is not only boosting its production capacity in the identity document sector, but is also planning to invest heavily in technology to enhance their security features and secure a competitive edge in the global investing arena of secure identity documents and business. Additionally, the new facility will serve as a platform for advancements in identity document technology, making NexG a formidable player in the world of finance and technology.
