Bitara Capital and Starone Technology Enter Memorandum of Understanding to Strengthen Technology Collaboration

Bitara Capital Sdn. Bhd. and Starone Technology Sdn. Bhd. have entered into a Memorandum of Understanding (MOU) to establish a framework for cooperation across technology resources, technical expertise, manpower and operational capabilities.

The MOU provides a foundation for both companies to collaborate and share selected business resources, facilities, technology capabilities and operational costs, with the objective of improving efficiency, reducing duplication of resources and supporting the growth of both organisations.

Under the cooperation framework, the companies may collaborate across areas including software development, information technology, technical support, research and development, business development, sales and marketing, finance and administration, and project management.

The MOU also provides a framework for cooperation in technology and technical resources, including software development capabilities, technical expertise, infrastructure, cloud resources, development tools and research and development resources.

Supporting Technology and Business Collaboration

The collaboration enables both companies to explore mutually beneficial technology projects and business opportunities while maintaining their respective independent operations.

Where the companies jointly pursue a specific business opportunity or project, the respective scope of work, responsibilities, costs, revenue sharing, intellectual property ownership and customer arrangements will be agreed separately in writing.

Both Bitara Capital and Starone Technology will continue to operate as separate and independent legal entities, with each company retaining responsibility for its own corporate governance, statutory obligations and business activities.

The MOU reflects the companies' shared intention to develop a practical framework for cooperation while providing flexibility for future technology projects and commercial opportunities.

This cooperation creates a framework for both organisations to leverage complementary technology capabilities and resources while maintaining operational independence.

Looking Ahead

Through this collaboration, Bitara Capital and Starone Technology will continue to explore opportunities to strengthen their technology capabilities, improve operational efficiency and develop mutually beneficial projects.

The MOU may serve as a foundation for more detailed agreements covering specific technology projects, intellectual property, commercial transactions, revenue arrangements or other areas of cooperation as opportunities arise.

About Bitara Capital Sdn. Bhd.

Bitara Capital Sdn. Bhd. is a Malaysia-based technology and digital asset ecosystem company focused on technology development, blockchain and Web3 infrastructure, financial technology and related digital solutions.

About Starone Technology Sdn. Bhd.

Starone Technology Sdn. Bhd. is a Malaysia-based technology company participating in technology development and related business activities.